BP-A Stock | | | 139.50 0.50 0.36% |
BP Plc financial indicator trend analysis is way more than just evaluating BP plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BP plc is a good investment. Please check the relationship between BP Plc Total Other Income Expense Net and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BP plc. 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.
Total Other Income Expense Net vs Operating Income
Total Other Income Expense Net vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BP plc Total Other Income Expense Net account and
Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between BP Plc's Total Other Income Expense Net and Operating Income is -0.19. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Operating Income in the same time period over historical financial statements of BP plc, assuming nothing else is changed. The correlation between historical values of BP Plc's Total Other Income Expense Net and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of BP plc are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Other Income Expense Net i.e., BP Plc's Total Other Income Expense Net and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Other Income Expense Net
Operating Income
Operating Income is the amount of profit realized from BP plc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of BP plc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
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 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. 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 drop to about 13.6
B in 2024.
Tax Provision is likely to drop to about 6.4
B in 2024
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 BP-A Stock Analysis
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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.