PBR-A Stock | | | USD 13.09 0.18 1.36% |
Petróleo Brasileiro financial indicator trend analysis is much more than just breaking down Petróleo Brasileiro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Petróleo Brasileiro is a good investment. Please check the relationship between Petróleo Brasileiro Short Long Term Debt Total and its Other Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petrleo Brasileiro SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Short Long Term Debt Total vs Other Current Assets
Short Long Term Debt Total vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Petróleo Brasileiro Short Long Term Debt Total account and
Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Petróleo Brasileiro's Short Long Term Debt Total and Other Current Assets is -0.14. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Petrleo Brasileiro SA, assuming nothing else is changed. The correlation between historical values of Petróleo Brasileiro's Short Long Term Debt Total and Other Current Assets 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 Long Term Debt Total of Petrleo Brasileiro SA are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Long Term Debt Total i.e., Petróleo Brasileiro's Short Long Term Debt Total and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Long Term Debt Total
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Petróleo Brasileiro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Petróleo Brasileiro 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 Petrleo Brasileiro SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At present, Petróleo Brasileiro's
Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's
Enterprise Value Over EBITDA is expected to grow to 5.61, whereas
Selling General Administrative is forecasted to decline to about 4.8
B.
Petróleo Brasileiro fundamental ratios Correlations
Click cells to compare fundamentals
Petróleo Brasileiro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Petróleo Brasileiro fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Petróleo Stock
Balance Sheet is a snapshot of the
financial position of Petróleo Brasileiro at a specified time, usually calculated after every quarter, six months, or one year. Petróleo Brasileiro Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Petróleo Brasileiro 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 Petróleo currently owns. An asset can also be divided into two categories, current and non-current.