| BRY Stock | | | USD 4.26 0.07 1.67% |
Berry Petroleum financial indicator trend analysis is way more than just evaluating Berry Petroleum Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Berry Petroleum Corp is a good investment. Please check the relationship between Berry Petroleum Retained Earnings and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Berry Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Retained Earnings vs Total Assets
Retained Earnings vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Berry Petroleum Corp Retained Earnings account and
Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Berry Petroleum's Retained Earnings and Total Assets is -0.11. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of Berry Petroleum Corp, assuming nothing else is changed. The correlation between historical values of Berry Petroleum's Retained Earnings and Total 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 Retained Earnings of Berry Petroleum Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., Berry Petroleum's Retained Earnings and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.
Total Assets
Total assets refers to the total amount of Berry Petroleum assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Berry Petroleum Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Berry Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Berry Petroleum Corp 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 Berry Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Berry Petroleum's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 3.85 in 2024, whereas
Selling General Administrative is likely to drop slightly above 76.2
M in 2024.
Berry Petroleum fundamental ratios Correlations
Click cells to compare fundamentals
Berry Petroleum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Berry Petroleum fundamental ratios Accounts
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Additional Tools for Berry Stock Analysis
When running Berry Petroleum's price analysis, check to
measure Berry Petroleum'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 Berry Petroleum is operating at the current time. Most of Berry Petroleum's value examination focuses on studying past and present price action to
predict the probability of Berry Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Berry Petroleum's price. Additionally, you may evaluate how the addition of Berry Petroleum to your portfolios can decrease your overall portfolio volatility.