Chevron Average Equity vs Earnings before Tax Analysis

Average Equity vs Earnings before Tax

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.

Accounts Relationship

Average Equity vs Earnings before Tax

Significance: Weak Contrarian Relationship

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

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant