0HKP Stock | | | 29.18 0.03 0.10% |
BP PLC financial indicator trend analysis is way more than just evaluating BP PLC ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BP PLC ADR is a good investment. Please check the relationship between BP PLC Short Term Investments and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BP PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Short Term Investments vs Other Assets
Short Term Investments vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BP PLC ADR Short Term Investments account and
Other Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between BP PLC's Short Term Investments and Other Assets is 0.83. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Assets in the same time period over historical financial statements of BP PLC ADR, assuming nothing else is changed. The correlation between historical values of BP PLC's Short Term Investments and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of BP PLC ADR are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Short Term Investments i.e., BP PLC's Short Term Investments and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of BP PLC balance sheet. It contains any investments BP PLC ADR undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that BP PLC ADR can easily liquidate in the marketplace.
Other Assets
Most indicators from BP PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BP PLC ADR current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BP PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to gain to about 12
B in 2024, despite the fact that
Tax Provision is likely to grow to (3.6
B).
BP PLC fundamental ratios Correlations
Click cells to compare fundamentals
BP PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BP PLC fundamental ratios Accounts
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Additional Tools for 0HKP Stock Analysis
When running BP PLC's price analysis, check to
measure BP PLC'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 BP PLC is operating at the current time. Most of BP PLC's value examination focuses on studying past and present price action to
predict the probability of BP PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BP PLC's price. Additionally, you may evaluate how the addition of BP PLC to your portfolios can decrease your overall portfolio volatility.