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 Short Term Investments and its Retained Earnings 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.
Short Term Investments vs Retained Earnings
Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Occidental Petroleum Short Term Investments account and
Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Occidental Petroleum's Short Term Investments and Retained Earnings is -0.56. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Retained Earnings 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 Short Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Occidental Petroleum are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Short Term Investments i.e., Occidental Petroleum's Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Occidental Petroleum balance sheet. It contains any investments Occidental Petroleum undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Occidental Petroleum can easily liquidate in the marketplace.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
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.