CVS Health Average Assets vs Average Equity Analysis

CVS -- USA Stock  

USD 70.09  0.68  0.96%

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

Average Assets vs Average Equity

Accounts Relationship

Average Assets vs Average Equity

Significance: Very Strong Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of CVS Health Average Assets account and Average Equity

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

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.

Average Equity

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

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Check also Trending Equities. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.