PBR-A Stock | | | USD 13.15 0.32 2.38% |
Petróleo Brasileiro financial indicator trend analysis is much more than just breaking down Petróleo Brasileiro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Petróleo Brasileiro is a good investment. Please check the relationship between Petróleo Brasileiro Net Receivables and its Non Current Liabilities Total accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petrleo Brasileiro SA. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Petróleo Brasileiro Net Receivables account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Petróleo Brasileiro's Net Receivables and Non Current Liabilities Total is 0.71. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Petrleo Brasileiro SA, assuming nothing else is changed. The correlation between historical values of Petróleo Brasileiro's Net Receivables and Non Current Liabilities Total 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 Receivables of Petrleo Brasileiro SA are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Receivables i.e., Petróleo Brasileiro's Net Receivables and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Petróleo Brasileiro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Petróleo 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 Petrleo Brasileiro SA. 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.
At present, Petróleo Brasileiro's
Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's
Enterprise Value Over EBITDA is expected to grow to 4.53, whereas
Selling General Administrative is forecasted to decline to about 1.6
B.
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.
Balance Sheet is a snapshot of the
financial position of Petróleo Brasileiro at a specified time, usually calculated after every quarter, six months, or one year. Petróleo Brasileiro Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Petróleo Brasileiro and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Petróleo currently owns. An asset can also be divided into two categories, current and non-current.