Hess Inventory from 2010 to 2024
| HES Stock | USD 151.39 1.11 0.74% |
Inventory | First Reported 1985-12-31 | Previous Quarter 304 M | Current Value 382 M | Quarterly Volatility 408.5 M |
Check Hess financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hess main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 B, Interest Expense of 554.4 M or Total Revenue of 14.8 B, as well as many exotic indicators such as Price To Sales Ratio of 4.33, Dividend Yield of 0.0109 or PTB Ratio of 5.15. Hess financial statements analysis is a perfect complement when working with Hess Valuation or Volatility modules.
Hess | Inventory |
Latest Hess' Inventory Growth Pattern
Below is the plot of the Inventory of Hess Corporation over the last few years. It is Hess' Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hess' overall financial position and show how it may be relating to other accounts over time.
| Inventory | 10 Years Trend |
|
Inventory |
| Timeline |
Hess Inventory Regression Statistics
| Arithmetic Mean | 561,353,333 | |
| Geometric Mean | 435,425,418 | |
| Coefficient Of Variation | 80.44 | |
| Mean Deviation | 370,278,222 | |
| Median | 323,000,000 | |
| Standard Deviation | 451,544,747 | |
| Sample Variance | 203892.7T | |
| Range | 1.2B | |
| R-Value | (0.83) | |
| Mean Square Error | 70009.6T | |
| R-Squared | 0.68 | |
| Significance | 0.0002 | |
| Slope | (83,331,786) | |
| Total Sum of Squares | 2854497.2T |
Hess Inventory History
Other Fundumenentals of Hess
About Hess Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Hess income statement, its balance sheet, and the statement of cash flows. Hess investors use historical funamental indicators, such as Hess's Inventory, to determine how well the company is positioned to perform in the future. Although Hess investors may use each financial statement separately, they are all related. The changes in Hess's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hess's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Hess Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Hess. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Inventory | 304 M | 288.8 M | |
| Change To Inventory | -87 M | -82.7 M | |
| Inventory Turnover | 23.22 | 24.38 | |
| Days Of Inventory On Hand | 15.72 | 14.93 | |
| Average Inventory | 0.00 | 0.00 | |
| Days Of Inventory Outstanding | 15.72 | 14.93 |
Pair Trading with Hess
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hess position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hess will appreciate offsetting losses from the drop in the long position's value.Moving together with Hess Stock
| 0.8 | AR | Antero Resources Corp | PairCorr |
| 0.64 | PR | Permian Resources | PairCorr |
| 0.76 | SM | SM Energy | PairCorr |
Moving against Hess Stock
| 0.65 | CEI | Camber Energy | PairCorr |
The ability to find closely correlated positions to Hess could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hess when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hess - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hess Corporation to buy it.
The correlation of Hess is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hess moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hess moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hess can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Hess Correlation against competitors. Note that the Hess information on this page should be used as a complementary analysis to other Hess' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Hess Stock analysis
When running Hess' price analysis, check to measure Hess' 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 Hess is operating at the current time. Most of Hess' value examination focuses on studying past and present price action to predict the probability of Hess' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hess' price. Additionally, you may evaluate how the addition of Hess to your portfolios can decrease your overall portfolio volatility.
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Is Hess' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hess. If investors know Hess will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hess listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.796 | Dividend Share 1.75 | Earnings Share 6.52 | Revenue Per Share 36.534 | Quarterly Revenue Growth 0.377 |
The market value of Hess is measured differently than its book value, which is the value of Hess that is recorded on the company's balance sheet. Investors also form their own opinion of Hess' value that differs from its market value or its book value, called intrinsic value, which is Hess' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hess' market value can be influenced by many factors that don't directly affect Hess' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hess' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hess is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hess' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.