WBCPJ Stock | | | 104.90 0.10 0.1% |
Westpac Banking financial indicator trend analysis is more than just analyzing Westpac Banking current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westpac Banking is a good investment. Please check the relationship between Westpac Banking Long Term Debt Total and its Other Stockholder Equity accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westpac Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Westpac Banking Long Term Debt Total account and
Other Stockholder Equity. At this time, the significance of the direction appears to have weak relationship.
The correlation between Westpac Banking's Long Term Debt Total and Other Stockholder Equity is 0.36. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Westpac Banking, assuming nothing else is changed. The correlation between historical values of Westpac Banking's Long Term Debt Total and Other Stockholder Equity 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 Debt Total of Westpac Banking are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Long Term Debt Total i.e., Westpac Banking's Long Term Debt Total and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Most indicators from Westpac Banking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westpac Banking 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 Westpac Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
As of November 29, 2024,
Tax Provision is expected to decline to about 2.4
B. In addition to that,
Selling General Administrative is expected to decline to about 6.2
BBalance Sheet is a snapshot of the
financial position of Westpac Banking at a specified time, usually calculated after every quarter, six months, or one year. Westpac Banking Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Westpac Banking and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Westpac currently owns. An asset can also be divided into two categories, current and non-current.