CVS Health Earnings before Tax vs Average Equity Analysis

CVS -- USA Stock  

USD 71.08  1.10  1.52%

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

Earnings before Tax vs Average Equity

Accounts Relationship

Earnings before Tax vs Average Equity

Significance: Very Strong Relationship

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

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Earnings before Tax

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

Average Equity

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

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