Alcoa Average Equity vs Earnings before Tax Analysis

    Average Equity vs Earnings before Tax

    Average Equity

    Average equity value for the period used in calculation of Return on Average Equity, derived from Shareholders Equity.

    Earnings before Tax

    Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

    Accounts Relationship

    Average Equity vs Earnings before Tax

    Significance: Fragmental Relationship

    Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Alcoa Average Equity account and Earnings before Tax

    Correlation Coefficient

    0.44
    Relationship DirectionPositive 
    Relationship StrengthWeak