WDS Stock | | | USD 15.40 0.01 0.07% |
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 Sale Purchase Of Stock and its Change To Inventory 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.
Sale Purchase Of Stock vs Change To Inventory
Sale Purchase Of Stock vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Woodside Energy Group Sale Purchase Of Stock account and
Change To Inventory. At this time, the significance of the direction appears to have very week relationship.
The correlation between Woodside Energy's Sale Purchase Of Stock and Change To Inventory is 0.26. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Change To Inventory 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 Sale Purchase Of Stock and Change To 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 Sale Purchase Of Stock of Woodside Energy Group are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Sale Purchase Of Stock i.e., Woodside Energy's Sale Purchase Of Stock and Change To Inventory go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Sale Purchase Of Stock
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
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.
Woodside Energy fundamental ratios Correlations
Click cells to compare fundamentals
Woodside Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Woodside Energy fundamental ratios Accounts
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