$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,200 Today
Portfolio Pulse from Benzinga Insights
Cenovus Energy (NYSE:CVE) has delivered an average annual return of 16.2% over the past 5 years, outperforming the market by 3.81% on an annualized basis. A $1000 investment in CVE 5 years ago would now be worth $2,175.19, showcasing the impact of compounded returns on investment growth. Cenovus Energy currently has a market capitalization of $37.78 billion.
April 02, 2024 | 7:30 pm
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POSITIVE IMPACT
Cenovus Energy (NYSE:CVE) has shown significant growth over the past 5 years, with a $1000 investment growing to $2,175.19, reflecting an average annual return of 16.2%.
The article highlights Cenovus Energy's strong performance over the past 5 years, outperforming the market with an average annual return of 16.2%. This positive historical performance, especially in the context of its significant market capitalization, suggests a positive outlook for CVE in the short term. The emphasis on compounded returns as a key factor in investment growth further underscores the company's potential for continued success.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100