OXY Stock | | | USD 50.32 0.47 0.94% |
Occidental Petroleum financial indicator trend analysis is much more than just breaking down Occidental Petroleum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Occidental Petroleum is a good investment. Please check the relationship between Occidental Petroleum Long Term Investments and its Net Receivables accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy Occidental Stock please use our
How to Invest in Occidental Petroleum guide.
Long Term Investments vs Net Receivables
Long Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Occidental Petroleum Long Term Investments account and
Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Occidental Petroleum's Long Term Investments and Net Receivables is 0.3. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Occidental Petroleum, assuming nothing else is changed. The correlation between historical values of Occidental Petroleum's Long Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Occidental Petroleum are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Long Term Investments i.e., Occidental Petroleum's Long Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Occidental Petroleum balance sheet that represents investments Occidental Petroleum intends to hold for over a year. Occidental Petroleum long term investments may include different instruments such as stocks, bonds, real estate and cash.
Net Receivables
Most indicators from Occidental Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Occidental Petroleum 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 Occidental Petroleum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy Occidental Stock please use our
How to Invest in Occidental Petroleum guide.At this time, Occidental Petroleum's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 1.8
B in 2024, despite the fact that
Discontinued Operations is likely to grow to (400.1
M).
Occidental Petroleum fundamental ratios Correlations
Click cells to compare fundamentals
Occidental Petroleum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Occidental Petroleum fundamental ratios Accounts
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Additional Tools for Occidental Stock Analysis
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measure Occidental Petroleum'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 Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to
predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.