0M5J Stock | | | 228.40 2.25 0.99% |
Aker BP financial indicator trend analysis is way more than just evaluating Aker BP ASA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aker BP ASA is a good investment. Please check the relationship between Aker BP Property Plant Equipment and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aker BP ASA. 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.
Property Plant Equipment vs Retained Earnings
Property Plant Equipment vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aker BP ASA Property Plant Equipment account and
Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Aker BP's Property Plant Equipment and Retained Earnings is -0.57. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Aker BP ASA, assuming nothing else is changed. The correlation between historical values of Aker BP's Property Plant Equipment and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Aker BP ASA are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant Equipment i.e., Aker BP's Property Plant Equipment and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.57 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant Equipment
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Aker BP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aker BP ASA 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 Aker BP ASA. 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.
Tax Provision is likely to drop to about 130
M in 2024
Aker BP fundamental ratios Correlations
Click cells to compare fundamentals
Aker BP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aker BP fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Aker Stock Analysis
When running Aker BP's price analysis, check to
measure Aker BP'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 Aker BP is operating at the current time. Most of Aker BP's value examination focuses on studying past and present price action to
predict the probability of Aker BP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aker BP's price. Additionally, you may evaluate how the addition of Aker BP to your portfolios can decrease your overall portfolio volatility.