Cenovus energy inc CVE.US Swing Trading Analysis
US StockEnergy
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)CVE Swing Trading Score
3
24
15
Explosive Bullish
- AI analysis rates CVE with the highest swing trading score of 5.
- It is mainly due to the positive AI swing signal,along with the relatively low short-term volatility.
- Furthermore, based on historical backtesting, when entering with a swing trading score of 5 and exiting with a score of 1, resulted in 18 trades with a 50.0% win rate and an average profit/loss of 6.06%.
CVE Historical Swing Trading Score
You can use historical scores of 3 or above to observe potential performance and make investment decisions.
CVE Swing Trading Strategy Backtest
The following backtest is based on specified rules since 2007. Price chart shows buy/sell time, cumulative returns, and backtesting statistics.
Entry
Exit
The Backtest Result of CVE from 2009/11 till Now
- 27.19%
- Cumulative Return
- 1.57%
- Annual Return
- 32.39%
- Volatility
- 0.05
- Sharpe Ratio
Statistics data for entering at or above a Swing Trading score of 4 and exiting at or below a Swing Trading score of 2 from November, 2009 to May, 2025. (Total Trades: 125)
| CVE | Sector | US Overall Market | |
|---|---|---|---|
| Wining Rate | 40% | 43% | 43% |
| Avg Return | 0.8% | 1.7% | 2.2% |
| Avg Profit | 10.5% | 14.2% | 14.5% |
| Avg Loss | -5.7% | -7.8% | -7.3% |
| Avg Risk-Reward Ratio | 184.9% | 183.2% | 199.5% |
Update to 2025/5/9 (Daily Update)