CVS Health Average Equity vs Invested Capital Average Analysis

CVS -- USA Stock  

USD 74.62  0.94  1.28%

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 Invested Capital Average accounts. Check also Trending Equities.

Average Equity vs Invested Capital Average

Accounts Relationship

Average Equity vs Invested Capital Average

Significance: Strong Relationship

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

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Average Equity

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

Invested Capital Average

Average invested capital value for the period used in the calculation of Return on Invested Capital; and derived from Invested Capital. Invested capital is an input into the calculation of Return on Invested Capital; and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.

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Check also Trending Equities. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.