Hess Retained Earnings vs Other Current Assets Analysis
HES Stock | USD 151.39 1.11 0.74% |
Hess financial indicator trend analysis is much more than just examining Hess latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hess is a good investment. Please check the relationship between Hess Retained Earnings and its Other Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Retained Earnings vs Other Current Assets
Retained Earnings vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hess Retained Earnings account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hess' Retained Earnings and Other Current Assets is 0.78. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Hess Corporation, assuming nothing else is changed. The correlation between historical values of Hess' Retained Earnings 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 Retained Earnings of Hess Corporation 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 Retained Earnings i.e., Hess' Retained Earnings and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.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 Hess' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hess 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Hess' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, despite the fact that Discontinued Operations is likely to grow to (41 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 2.5B | 3.9B | 527M | 500.7M | Cost Of Revenue | 2.9B | 3.4B | 7.1B | 11.1B |
Hess fundamental ratios Correlations
Click cells to compare fundamentals
Hess Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hess fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 21.8B | 18.8B | 20.5B | 21.7B | 24.0B | 20.3B | |
Short Long Term Debt Total | 7.9B | 9.1B | 9.1B | 9.2B | 9.6B | 5.1B | |
Other Current Liab | 2.3B | 1.5B | 2.5B | 1.6B | 2.6B | 2.3B | |
Total Current Liabilities | 2.5B | 1.6B | 3.1B | 2.3B | 3.3B | 3.8B | |
Total Stockholder Equity | 8.7B | 5.4B | 6.3B | 8.0B | 9.0B | 8.8B | |
Property Plant And Equipment Net | 17.6B | 14.7B | 14.7B | 15.8B | 18.3B | 13.4B | |
Net Debt | 6.4B | 7.3B | 6.4B | 6.7B | 7.9B | 4.1B | |
Retained Earnings | 3.5B | 130M | 379M | 1.5B | 2.3B | 2.2B | |
Cash | 1.5B | 1.7B | 2.7B | 2.5B | 1.7B | 1.1B | |
Non Current Assets Total | 18.6B | 15.7B | 16.2B | 17.8B | 20.6B | 15.8B | |
Non Currrent Assets Other | 1.1B | 1.0B | 1.5B | 1.5B | 2.3B | 2.4B | |
Cash And Short Term Investments | 1.5B | 1.7B | 2.7B | 2.5B | 1.7B | 1.1B | |
Net Receivables | 1.2B | 860M | 1.2B | 1.2B | 1.3B | 2.1B | |
Common Stock Shares Outstanding | 301.2M | 304.8M | 309.3M | 309.6M | 307.6M | 318.7M | |
Liabilities And Stockholders Equity | 21.8B | 18.8B | 20.5B | 21.7B | 24.0B | 20.3B | |
Non Current Liabilities Total | 9.6B | 10.9B | 10.4B | 10.8B | 11.1B | 7.5B | |
Inventory | 261M | 378M | 223M | 217M | 304M | 288.8M | |
Other Current Assets | 1.6B | 1.3B | 1.6B | 1.4B | 108M | 102.6M | |
Other Stockholder Equity | 5.6B | 5.7B | 6.0B | 6.3B | 6.5B | 6.8B | |
Total Liab | 12.1B | 12.5B | 13.5B | 13.1B | 14.4B | 11.3B | |
Total Current Assets | 3.2B | 3.1B | 4.3B | 3.9B | 3.4B | 4.5B | |
Short Term Debt | 199M | 91M | 606M | 224M | 681M | 715.1M | |
Accounts Payable | 411M | 200M | 220M | 285M | 402M | 381.9M | |
Accumulated Other Comprehensive Income | (699M) | (755M) | (406M) | (131M) | (134M) | (140.7M) | |
Common Stock | 291M | 305M | 307M | 310M | 306M | 291.7M | |
Current Deferred Revenue | (411M) | (200M) | (220M) | 133M | (402M) | (422.1M) | |
Common Stock Total Equity | 305M | 307M | 310M | 306M | 351.9M | 241.0M | |
Property Plant And Equipment Gross | 17.6B | 14.7B | 31.2B | 32.6B | 37.6B | 39.5B | |
Other Liab | 1.8B | 1.9B | 1.9B | 1.9B | 2.2B | 2.4B | |
Other Assets | 705M | 1.3B | 1.5B | 2.0B | 2.3B | 1.8B | |
Long Term Debt | 7.1B | 8.3B | 7.9B | 8.3B | 8.3B | 6.2B | |
Property Plant Equipment | 16.8B | 14.1B | 14.7B | 15.8B | 18.2B | 18.2B | |
Noncontrolling Interest In Consolidated Entity | 974M | 969M | 726M | 641M | 737.2M | 656.5M | |
Retained Earnings Total Equity | 3.5B | 130M | 379M | 1.5B | 1.3B | 1.3B | |
Deferred Long Term Liab | 415M | 342M | 383M | 418M | 376.2M | 357.4M |
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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
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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.