Chevron Average Assets vs Earnings before Tax Analysis

Average Assets vs Earnings before Tax

Accounts Relationship

Average Assets vs Earnings before Tax

Significance: Significant Contrarian Relationship

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

Correlation Coefficient

-0.23
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Did you try this?

Run Focused Opportunities Now
   

Focused Opportunities

Build portfolios using our predefined set of ideas and optimize them against your investing preferences
View All  Next Launch Focused Opportunities

Generate Optimal Portfolios

Align your risk and return expectations
Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check also Trending Equities. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.