Petroleo Net Invested Capital vs Good Will Analysis

PBR Stock

USD 14.15 0.13 0.91%

Petroleo Brasileiro financial indicator trend analysis is much more than just breaking down Petroleo Brasileiro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Petroleo Brasileiro is a good investment. Please check the relationship between Petroleo Brasileiro Net Invested Capital and its Good Will accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petroleo Brasileiro Petrobras. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Petroleo Brasileiro Net Invested Capital account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Petroleo Brasileiro's Net Invested Capital and Good Will is -0.22. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Good Will in the same time period over historical financial statements of Petroleo Brasileiro Petrobras, assuming nothing else is changed. The correlation between historical values of Petroleo Brasileiro's Net Invested Capital and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Petroleo Brasileiro Petrobras are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Invested Capital i.e., Petroleo Brasileiro's Net Invested Capital and Good Will go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Petroleo Brasileiro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Petroleo Brasileiro 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 Petroleo Brasileiro Petrobras. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Petroleo Brasileiro's Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Discontinued Operations is likely to grow to about 12.2 B, while Sales General And Administrative To Revenue is likely to drop 0.02.

	2021	2022	2023	2024 (projected)
Gross Profit	40.8B	65.0B	54.1B	36.1B
Total Revenue	84.0B	124.5B	102.5B	95.6B

Gross Profit Total Revenue

Petroleo Brasileiro fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets	Long Term Debt
Total Assets		-0.05	-0.03	0.95	0.97	0.98	0.79	0.7	0.96	0.81	1.0	0.47	0.92	0.96	0.13	0.7	0.87	0.97	0.83	0.93	0.98	0.64	0.49	-0.28	-0.14	0.0
Short Long Term Debt Total	-0.05		-0.31	-0.12	-0.23	0.01	0.31	-0.29	-0.19	0.26	-0.04	0.01	0.01	-0.21	-0.2	-0.61	0.31	-0.2	-0.18	0.22	-0.07	0.08	0.45	0.07	0.71	0.71
Other Current Liab	-0.03	-0.31		0.18	0.0	-0.05	-0.33	0.11	-0.06	-0.14	-0.03	0.43	-0.1	-0.02	0.69	0.36	-0.15	0.04	0.2	-0.08	-0.03	-0.04	0.1	0.72	-0.09	-0.08
Total Current Liabilities	0.95	-0.12	0.18		0.94	0.9	0.62	0.71	0.92	0.72	0.94	0.5	0.85	0.94	0.23	0.75	0.75	0.95	0.92	0.84	0.93	0.74	0.48	-0.14	-0.11	-0.13
Total Stockholder Equity	0.97	-0.23	0.0	0.94		0.91	0.64	0.78	0.98	0.71	0.96	0.37	0.88	0.99	0.08	0.77	0.73	0.99	0.88	0.81	0.97	0.61	0.33	-0.34	-0.25	-0.21
Property Plant And Equipment Net	0.98	0.01	-0.05	0.9	0.91		0.87	0.61	0.92	0.8	0.98	0.56	0.9	0.89	0.17	0.65	0.93	0.92	0.72	0.97	0.94	0.6	0.6	-0.26	-0.13	0.09
Net Debt	0.79	0.31	-0.33	0.62	0.64	0.87		0.28	0.69	0.79	0.8	0.39	0.79	0.63	0.04	0.34	0.95	0.66	0.37	0.92	0.74	0.54	0.6	-0.34	0.06	0.41
Retained Earnings	0.7	-0.29	0.11	0.71	0.78	0.61	0.28		0.74	0.38	0.7	0.27	0.54	0.77	0.22	0.63	0.41	0.75	0.68	0.5	0.67	0.3	0.26	-0.15	-0.27	-0.26
Accounts Payable	0.96	-0.19	-0.06	0.92	0.98	0.92	0.69	0.74		0.71	0.96	0.31	0.88	0.99	0.06	0.73	0.74	0.98	0.83	0.82	0.95	0.6	0.34	-0.37	-0.18	-0.2
Cash	0.81	0.26	-0.14	0.72	0.71	0.8	0.79	0.38	0.71		0.79	0.27	0.94	0.73	0.12	0.46	0.84	0.72	0.65	0.85	0.86	0.67	0.4	-0.31	0.01	0.38
Non Current Assets Total	1.0	-0.04	-0.03	0.94	0.96	0.98	0.8	0.7	0.96	0.79		0.5	0.91	0.95	0.14	0.7	0.88	0.96	0.81	0.94	0.96	0.64	0.52	-0.26	-0.14	0.0
Non Currrent Assets Other	0.47	0.01	0.43	0.5	0.37	0.56	0.39	0.27	0.31	0.27	0.5		0.33	0.3	0.47	0.39	0.56	0.39	0.31	0.58	0.36	0.14	0.79	0.34	-0.01	0.18
Cash And Short Term Investments	0.92	0.01	-0.1	0.85	0.88	0.9	0.79	0.54	0.88	0.94	0.91	0.33		0.89	0.1	0.68	0.84	0.88	0.77	0.88	0.97	0.7	0.37	-0.38	-0.12	0.14
Net Receivables	0.96	-0.21	-0.02	0.94	0.99	0.89	0.63	0.77	0.99	0.73	0.95	0.3	0.89		0.07	0.76	0.71	0.99	0.89	0.8	0.97	0.65	0.29	-0.36	-0.24	-0.2
Common Stock Shares Outstanding	0.13	-0.2	0.69	0.23	0.08	0.17	0.04	0.22	0.06	0.12	0.14	0.47	0.1	0.07		0.49	0.16	0.08	0.08	0.19	0.09	0.14	0.41	0.64	-0.22	0.03
Short Term Investments	0.7	-0.61	0.36	0.75	0.77	0.65	0.34	0.63	0.73	0.46	0.7	0.39	0.68	0.76	0.49		0.44	0.75	0.68	0.53	0.72	0.51	0.17	-0.03	-0.5	-0.36
Non Current Liabilities Total	0.87	0.31	-0.15	0.75	0.73	0.93	0.95	0.41	0.74	0.84	0.88	0.56	0.84	0.71	0.16	0.44		0.75	0.53	0.99	0.82	0.55	0.7	-0.16	0.07	0.4
Inventory	0.97	-0.2	0.04	0.95	0.99	0.92	0.66	0.75	0.98	0.72	0.96	0.39	0.88	0.99	0.08	0.75	0.75		0.88	0.83	0.97	0.59	0.34	-0.32	-0.23	-0.15
Other Current Assets	0.83	-0.18	0.2	0.92	0.88	0.72	0.37	0.68	0.83	0.65	0.81	0.31	0.77	0.89	0.08	0.68	0.53	0.88		0.65	0.86	0.68	0.2	-0.18	-0.2	-0.23
Total Liab	0.93	0.22	-0.08	0.84	0.81	0.97	0.92	0.5	0.82	0.85	0.94	0.58	0.88	0.8	0.19	0.53	0.99	0.83	0.65		0.88	0.62	0.68	-0.17	0.03	0.29
Total Current Assets	0.98	-0.07	-0.03	0.93	0.97	0.94	0.74	0.67	0.95	0.86	0.96	0.36	0.97	0.97	0.09	0.72	0.82	0.97	0.86	0.88		0.66	0.37	-0.34	-0.17	0.0
Short Term Debt	0.64	0.08	-0.04	0.74	0.61	0.6	0.54	0.3	0.6	0.67	0.64	0.14	0.7	0.65	0.14	0.51	0.55	0.59	0.68	0.62	0.66		0.31	-0.24	0.02	0.0
Common Stock	0.49	0.45	0.1	0.48	0.33	0.6	0.6	0.26	0.34	0.4	0.52	0.79	0.37	0.29	0.41	0.17	0.7	0.34	0.2	0.68	0.37	0.31		0.21	0.3	0.33
Other Liab	-0.28	0.07	0.72	-0.14	-0.34	-0.26	-0.34	-0.15	-0.37	-0.31	-0.26	0.34	-0.38	-0.36	0.64	-0.03	-0.16	-0.32	-0.18	-0.17	-0.34	-0.24	0.21		0.25	0.1
Other Assets	-0.14	0.71	-0.09	-0.11	-0.25	-0.13	0.06	-0.27	-0.18	0.01	-0.14	-0.01	-0.12	-0.24	-0.22	-0.5	0.07	-0.23	-0.2	0.03	-0.17	0.02	0.3	0.25		0.33
Long Term Debt	0.0	0.71	-0.08	-0.13	-0.21	0.09	0.41	-0.26	-0.2	0.38	0.0	0.18	0.14	-0.2	0.03	-0.36	0.4	-0.15	-0.23	0.29	0.0	0.0	0.33	0.1	0.33

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Petroleo Brasileiro Account Relationship Matchups

Petroleo Brasileiro fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	229.7B	190.0B	174.3B	187.2B	217.1B	206.8B
Short Long Term Debt Total	320.2B	351.1B	286.3B	242.2B	62.6B	59.5B
Other Current Liab	5.2B	2.3B	2.7B	16.8B	16.2B	17.0B
Total Current Liabilities	28.8B	26.2B	24.2B	31.4B	33.9B	27.7B
Total Stockholder Equity	73.3B	59.3B	69.4B	69.5B	78.6B	86.8B
Property Plant And Equipment Net	159.3B	124.2B	125.3B	130.2B	153.4B	137.7B
Net Debt	79.7B	63.8B	48.3B	45.8B	49.9B	55.3B
Retained Earnings	31.0B	24.5B	29.5B	24.4B	32.8B	35.2B
Accounts Payable	5.6B	6.9B	5.5B	5.5B	4.8B	7.3B
Cash	7.4B	11.7B	10.5B	8.0B	12.7B	14.1B
Non Current Assets Total	201.9B	162.6B	144.2B	155.9B	184.6B	167.0B
Non Currrent Assets Other	16.2B	13.7B	13.7B	18.8B	23.4B	12.9B
Cash And Short Term Investments	8.3B	12.4B	11.1B	10.8B	15.5B	17.2B
Net Receivables	7.3B	7.3B	7.7B	6.3B	7.3B	9.9B
Short Term Investments	888M	659M	650M	2.8B	10.5B	11.0B
Liabilities And Stockholders Equity	229.7B	190.0B	174.3B	187.2B	217.1B	206.8B
Non Current Liabilities Total	126.7B	103.9B	80.4B	86.0B	104.2B	91.3B
Inventory	8.2B	5.7B	7.3B	8.8B	7.7B	9.2B
Other Current Assets	1.5B	1.2B	1.6B	1.8B	2.0B	1.4B
Total Liab	155.5B	130.1B	104.5B	117.4B	138.1B	119.0B
Total Current Assets	27.8B	27.4B	30.1B	31.3B	32.4B	39.8B
Accumulated Other Comprehensive Income	(33.8B)	(47.8B)	(37.7B)	(37.6B)	(28.5B)	(27.1B)
Short Term Debt	10.2B	9.9B	9.1B	9.1B	11.5B	8.4B
Other Liab	200.7B	198.8B	30.7B	215.5B	247.9B	260.3B
Other Assets	29.9B	104.7B	14.3B	89.8B	1.0	0.95
Long Term Debt	237.0B	49.7B	32.1B	137.6B	118.8B	121.4B
Property Plant Equipment	641.9B	645.4B	125.3B	679.2B	781.1B	820.1B
Current Deferred Revenue	7.8B	7.2B	6.9B	1.3B	1.5B	1.4B
Other Stockholder Equity	(31.0B)	(24.5B)	(29.5B)	(24.4B)	(64.5B)	(61.3B)
Property Plant And Equipment Gross	159.3B	124.2B	216.4B	231.0B	1.3T	1.4T
Good Will	203M	63M	24M	22M	25M	23.8M
Intangible Assets	19.4B	14.9B	3.0B	3.0B	3.0B	2.9B
Net Tangible Assets	217.1B	230.7B	66.4B	347.0B	312.3B	178.6B
Long Term Investments	5.6B	3.3B	1.6B	3.1B	18.3B	19.2B
Short Long Term Debt	4.5B	4.2B	3.6B	3.6B	21.0B	25.3B
Long Term Debt Total	310.0B	341.2B	277.2B	233.1B	209.7B	260.2B
Capital Lease Obligations	23.9B	21.7B	23.0B	23.8B	164.0B	172.2B

Pair Trading with Petroleo Brasileiro

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Petroleo Brasileiro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Petroleo Brasileiro will appreciate offsetting losses from the drop in the long position's value.

Moving together with Petroleo Stock

0.62	E	Eni SpA ADR	Pair Corr
0.8	BP	BP PLC ADR	Pair Corr
0.82	EC	Ecopetrol SA ADR	Pair Corr

Moving against Petroleo Stock

0.69	LB	LandBridge Company	Pair Corr
0.53	EE	Excelerate Energy	Pair Corr
0.51	TGS	Transportadora de Gas	Pair Corr
0.47	YPF	YPF Sociedad Anonima	Pair Corr
0.45	ET	Energy Transfer LP Aggressive Push	Pair Corr

The ability to find closely correlated positions to Petroleo Brasileiro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petroleo Brasileiro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Petroleo Brasileiro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Petroleo Brasileiro Petrobras to buy it.

The correlation of Petroleo Brasileiro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Petroleo Brasileiro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petroleo Brasileiro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Petroleo Brasileiro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Petroleo Stock Analysis

When running Petroleo Brasileiro's price analysis, check to measure Petroleo Brasileiro'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 Petroleo Brasileiro is operating at the current time. Most of Petroleo Brasileiro's value examination focuses on studying past and present price action to predict the probability of Petroleo Brasileiro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petroleo Brasileiro's price. Additionally, you may evaluate how the addition of Petroleo Brasileiro to your portfolios can decrease your overall portfolio volatility.

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