Alcoa Earnings before Tax vs Average Equity Analysis

AA -- USA Stock  

USD 35.23  0.51  1.47%

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 Equity accounts. Check also Trending Equities.

Earnings before Tax vs Average Equity

Accounts Relationship

Earnings before Tax vs Average Equity

Significance: Weak Relationship

Earnings before Tax diversification synergy
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

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

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