CVS Health Average Equity vs Earnings before Tax Analysis

CVS -- USA Stock  

USD 74.36  0.18  0.24%

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 Equity and its Earnings before Tax accounts. Check also Trending Equities.

Average Equity vs Earnings before Tax

Accounts Relationship

Average Equity vs Earnings before Tax

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 Earnings before Tax

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Average Equity

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

Earnings before Tax

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

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