American Airlines Earnings before Tax vs Average Assets Analysis

AAL -- USA Stock  

USD 42.44  0.33  0.77%

American Airlines financial indicator trend analysis is way more than just evaluating American Airlines Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Airlines Group is a good investment. Please check the relationship between American Airlines 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: Almost Identical Trend

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

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

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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