CVS Health Average Assets vs Earnings before Tax Analysis

CVS -- USA Stock  

USD 73.47  0.13  0.18%

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 Earnings before Tax accounts. Check also Trending Equities.

Average Assets vs Earnings before Tax

Accounts Relationship

Average Assets vs Earnings before Tax

Significance: Almost Identical Trend

Average Assets diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of CVS Health Average Assets account and Earnings before Tax

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Earnings before Tax

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

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