Devon Non Recurring from 2010 to 2024

DVN Stock  USD 50.12  0.73  1.44%   
Devon Energy Non Recurring yearly trend continues to be very stable with very little volatility. Non Recurring is likely to drop to about 24.8 M. During the period from 2010 to 2024, Devon Energy Non Recurring quarterly data regression pattern had sample variance of 28336415.7 T and median of  1,999,000,000. View All Fundamentals
 
Non Recurring  
First Reported
2000-03-31
Previous Quarter
13 M
Current Value
M
Quarterly Volatility
1.2 B
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Devon Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Devon main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 B, Interest Expense of 274.9 M or Total Revenue of 15.9 B, as well as many exotic indicators such as Price To Sales Ratio of 2.9, Dividend Yield of 0.0674 or PTB Ratio of 1.46. Devon financial statements analysis is a perfect complement when working with Devon Energy Valuation or Volatility modules.
  
This module can also supplement Devon Energy's financial leverage analysis and stock options assessment as well as various Devon Energy Technical models . Check out the analysis of Devon Energy Correlation against competitors.
To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

Latest Devon Energy's Non Recurring Growth Pattern

Below is the plot of the Non Recurring of Devon Energy over the last few years. It is Devon Energy's Non Recurring historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Devon Energy's overall financial position and show how it may be relating to other accounts over time.
Non Recurring10 Years Trend
Slightly volatile
   Non Recurring   
       Timeline  

Devon Non Recurring Regression Statistics

Arithmetic Mean3,008,326,333
Geometric Mean700,207,808
Coefficient Of Variation176.95
Mean Deviation3,150,402,800
Median1,999,000,000
Standard Deviation5,323,196,006
Sample Variance28336415.7T
Range20.9B
R-Value(0.36)
Mean Square Error26638636.3T
R-Squared0.13
Significance0.19
Slope(424,295,839)
Total Sum of Squares396709820.1T

Devon Non Recurring History

202424.8 M
202326.1 M
202229 M
2021272 M
20202.9 B
2019142 M
2018447 M

About Devon Energy Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Devon Energy income statement, its balance sheet, and the statement of cash flows. Devon Energy investors use historical funamental indicators, such as Devon Energy's Non Recurring, to determine how well the company is positioned to perform in the future. Although Devon Energy investors may use each financial statement separately, they are all related. The changes in Devon Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Devon Energy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Devon Energy Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Devon Energy. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Non Recurring26.1 M24.8 M

Pair Trading with Devon Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Devon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Devon Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Devon Stock

  0.85AR Antero Resources CorpPairCorr
  0.95PR Permian Resources Financial Report 13th of May 2024 PairCorr
  0.94SD SandRidge EnergyPairCorr
  0.94SM SM EnergyPairCorr

Moving against Devon Stock

  0.42EP Empire Petroleum CorpPairCorr
The ability to find closely correlated positions to Devon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Devon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Devon Energy to buy it.
The correlation of Devon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Devon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:
Check out the analysis of Devon Energy Correlation against competitors.
To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Devon Stock analysis

When running Devon Energy's price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Money Managers
Screen money managers from public funds and ETFs managed around the world
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Equity Valuation
Check real value of public entities based on technical and fundamental data
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Is Devon Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.39)
Dividend Share
2.42
Earnings Share
5.25
Revenue Per Share
22.691
Quarterly Revenue Growth
(0.01)
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.