Offshore Oil financial indicator trend analysis is much more than just breaking down Offshore Oil Engineering prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Offshore Oil Engineering is a good investment. Please check the relationship between Offshore Oil Short Term Investments and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Offshore Oil Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Short Term Investments vs Other Stockholder Equity
Short Term Investments vs Other Stockholder Equity Correlation Analysis
The correlation between Offshore Oil's Short Term Investments and Other Stockholder Equity is -0.95. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Offshore Oil Engineering, assuming nothing else is changed. The correlation between historical values of Offshore Oil's Short Term Investments and Other Stockholder Equity 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 Offshore Oil Engineering are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Short Term Investments i.e., Offshore Oil's Short Term Investments and Other Stockholder Equity go up and down completely randomly.
Short Term Investments is an item under the current assets section of Offshore Oil balance sheet. It contains any investments Offshore Oil Engineering undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Offshore Oil Engineering can easily liquidate in the marketplace.
Other Stockholder Equity
Most indicators from Offshore Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Offshore Oil Engineering 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 Offshore Oil Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Balance Sheet is a snapshot of the financial position of Offshore Oil Engineering at a specified time, usually calculated after every quarter, six months, or one year. Offshore Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Offshore Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Offshore currently owns. An asset can also be divided into two categories, current and non-current.