0KBK Stock | | | 90.38 2.03 2.20% |
Omnicom financial indicator trend analysis is much more than just breaking down Omnicom Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Omnicom Group is a good investment. Please check the relationship between Omnicom Retained Earnings and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Omnicom 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 board of governors.
Retained Earnings vs Property Plant And Equipment Net
Retained Earnings 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
Omnicom Group Retained Earnings account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak relationship.
The correlation between Omnicom's Retained Earnings and Property Plant And Equipment Net is 0.36. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Omnicom Group, assuming nothing else is changed. The correlation between historical values of Omnicom's Retained Earnings 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 Retained Earnings of Omnicom Group 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 Retained Earnings i.e., Omnicom's Retained Earnings and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.
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 Omnicom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Omnicom 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Omnicom 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 board of governors.
Selling General Administrative is likely to gain to about 1.4
B in 2024.
Tax Provision is likely to gain to about 406.4
M in 2024
Omnicom fundamental ratios Correlations
Click cells to compare fundamentals
Omnicom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Omnicom fundamental ratios Accounts
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Additional Tools for Omnicom Stock Analysis
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measure Omnicom'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 Omnicom is operating at the current time. Most of Omnicom's value examination focuses on studying past and present price action to
predict the probability of Omnicom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omnicom's price. Additionally, you may evaluate how the addition of Omnicom to your portfolios can decrease your overall portfolio volatility.