WDS Stock | | | USD 15.13 0.27 1.75% |
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 Cash And Short Term Investments and its Net Receivables 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.
Cash And Short Term Investments vs Net Receivables
Cash And Short Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Woodside Energy Group Cash And Short Term Investments account and
Net Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Woodside Energy's Cash And Short Term Investments and Net Receivables is 0.27. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables 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 Cash And Short 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 Cash And Short Term Investments of Woodside Energy Group 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 Cash And Short Term Investments i.e., Woodside Energy's Cash And Short Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Woodside Energy Group balance sheet. This account contains Woodside Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Woodside Energy Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Net Receivables
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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Additional Tools for Woodside Stock Analysis
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