CVS Health Average Equity vs Average Assets Analysis

Average Equity vs Average Assets

Accounts Relationship

Average Equity vs Average Assets

Significance: Very Strong Relationship

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

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Average Equity

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

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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