Best Buy Earnings before Tax vs Average Assets Analysis

BBY -- USA Stock  

USD 77.07  1.46  1.86%

Best Buy financial indicator trend analysis is way more than just evaluating Best Buy Co prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy Co is a good investment. Please check the relationship between Best Buy 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: Very Week Relationship

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

Correlation Coefficient

0.28
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

Did you try this?

Run Commodity Channel Index Now
   

Commodity Channel Index

Use Commodity Channel Index to analyze current equity momentum
All  Next Launch Commodity Channel Index

Build Efficient Portfolios

Align your risk and return expectations
Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check also Trending Equities. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.