Chevron Average Equity vs Earnings before Tax Analysis

CVX -- USA Stock  

USD 124.04  1.93  1.53%

Chevron financial indicator trend analysis is way more than just evaluating Chevron prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chevron is a good investment. Please check the relationship between Chevron 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: 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

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

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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