WDS Stock | | | USD 15.39 0.33 2.10% |
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 Minority Interest and its Ebit 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.
Minority Interest vs Ebit
Minority Interest vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Woodside Energy Group Minority Interest account and
Ebit. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Woodside Energy's Minority Interest and Ebit is 0.14. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Ebit 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 Minority Interest and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Woodside Energy Group are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Minority Interest i.e., Woodside Energy's Minority Interest and Ebit go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Woodside Energy Group whose combined shares represent less than 50% of the total outstanding shares issued by Woodside Energy have a minority interest in Woodside Energy.
Ebit
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 6.09 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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