WDS Stock | | | USD 16.35 0.16 0.99% |
Woodside Energy financial indicator trend analysis is more than just analyzing Woodside Energy Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Woodside Energy Group is a good investment. Please check the relationship between Woodside Energy Selling And Marketing Expenses and its Reconciled Depreciation accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Woodside Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Woodside Energy Group Selling And Marketing Expenses account and
Reconciled Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Woodside Energy's Selling And Marketing Expenses and Reconciled Depreciation is -0.13. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Woodside Energy Group, assuming nothing else is changed. The correlation between historical values of Woodside Energy's Selling And Marketing Expenses and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Woodside Energy Group are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Selling And Marketing Expenses i.e., Woodside Energy's Selling And Marketing Expenses and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Most indicators from Woodside Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Woodside Energy Group 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Woodside Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, Woodside Energy's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 5.46 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 19.7
M in 2024.
When running Woodside Energy's price analysis, check to
measure Woodside Energy'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 Woodside Energy is operating at the current time. Most of Woodside Energy's value examination focuses on studying past and present price action to
predict the probability of Woodside Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Woodside Energy's price. Additionally, you may evaluate how the addition of Woodside Energy to your portfolios can decrease your overall portfolio volatility.