Alcoa Earnings before Tax vs Average Equity Analysis

    Earnings before Tax vs Average Equity

    Earnings before Tax

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

    Average Equity

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

    Accounts Relationship

    Earnings before Tax vs Average Equity

    Significance: Fragmental Relationship

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

    Correlation Coefficient

    0.44
    Relationship DirectionPositive 
    Relationship StrengthWeak