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 Current Deferred Revenue and its Inventory 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.
Current Deferred Revenue vs Inventory
Current Deferred Revenue vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shell plc Current Deferred Revenue account and
Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shell Plc's Current Deferred Revenue and Inventory is -0.1. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Inventory 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 Current Deferred Revenue and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Shell plc are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Current Deferred Revenue i.e., Shell Plc's Current Deferred Revenue and Inventory go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Inventory
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
When running Shell Plc's price analysis, check to
measure Shell Plc'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 Shell Plc is operating at the current time. Most of Shell Plc's value examination focuses on studying past and present price action to
predict the probability of Shell Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shell Plc's price. Additionally, you may evaluate how the addition of Shell Plc to your portfolios can decrease your overall portfolio volatility.