Alcoa Earnings before Tax vs Average Assets Analysis

AA -- USA Stock  

USD 43.79  2.55  6.18%

Alcoa financial indicator trend analysis is way more than just evaluating Alcoa prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa is a good investment. Please check the relationship between Alcoa Earnings before Tax and its Average Assets accounts. Check also Trending Equities.

Earnings before Tax vs Average Assets

Accounts Relationship

Earnings before Tax vs Average Assets

Significance: Weak Relationship

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

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

Earnings before Tax

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

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.

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