OXY Stock | | | USD 50.44 1.49 2.87% |
Occidental Petroleum financial indicator trend analysis is much more than just breaking down Occidental Petroleum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Occidental Petroleum is a good investment. Please check the relationship between Occidental Petroleum Cash and its Property Plant And Equipment Net accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy Occidental Stock please use our
How to Invest in Occidental Petroleum guide.
Cash vs Property Plant And Equipment Net
Cash vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Occidental Petroleum Cash account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have very week relationship.
The correlation between Occidental Petroleum's Cash and Property Plant And Equipment Net is 0.23. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Occidental Petroleum, assuming nothing else is changed. The correlation between historical values of Occidental Petroleum's Cash and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Occidental Petroleum are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., Occidental Petroleum's Cash and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Occidental Petroleum, which is listed under current asset account on Occidental Petroleum balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Occidental Petroleum customers. The amounts must be unrestricted with restricted cash listed in a different Occidental Petroleum account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Occidental Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Occidental Petroleum 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy Occidental Stock please use our
How to Invest in Occidental Petroleum guide.At this time, Occidental Petroleum's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 1.8
B in 2024, despite the fact that
Discontinued Operations is likely to grow to (400.1
M).
Occidental Petroleum fundamental ratios Correlations
Click cells to compare fundamentals
Occidental Petroleum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Occidental Petroleum 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 Occidental Stock Analysis
When running Occidental Petroleum's price analysis, check to
measure Occidental 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 Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to
predict the probability of Occidental 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 Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.