SHEL Stock | | | 2,394 11.00 0.46% |
Shell Plc financial indicator trend analysis is much more than just breaking down Shell plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shell plc is a good investment. Please check the relationship between Shell Plc Change To Netincome and its End Period Cash Flow accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shell plc. 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.
Change To Netincome vs End Period Cash Flow
Change To Netincome vs End Period Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shell plc Change To Netincome account and
End Period Cash Flow. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shell Plc's Change To Netincome and End Period Cash Flow is 0.69. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of End Period Cash Flow in the same time period over historical financial statements of Shell plc, assuming nothing else is changed. The correlation between historical values of Shell Plc's Change To Netincome and End Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Shell plc are associated (or correlated) with its End Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when End Period Cash Flow has no effect on the direction of Change To Netincome i.e., Shell Plc's Change To Netincome and End Period Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Change To Netincome
End Period Cash Flow
Most indicators from Shell Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shell plc 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Shell plc. 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 drop to about 12.5
B in 2024.
Tax Provision is likely to drop to about 8.9
B in 2024
Shell Plc fundamental ratios Correlations
Click cells to compare fundamentals
Shell Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shell Plc fundamental ratios Accounts
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Additional Tools for Shell Stock Analysis
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