Chevron Free Cash Flow vs Average Equity Analysis

Free Cash Flow vs Average Equity

Free Cash Flow

Free Cash Flow is a measure of financial performance calculated as Net Cash Flow from Operations minus Capital Expenditure.

Average Equity

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

Accounts Relationship

Free Cash Flow vs Average Equity

Significance: Strong Contrarian Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Chevron Free Cash Flow account and Average Equity

Correlation Coefficient

-0.52
Relationship DirectionNegative 
Relationship StrengthVery Weak