Some fundamental drivers such as market cap or Macys enterprice value can be analyzed from historical prospective to project value of the company into the future. Some investors analyze Macys Inc valuation indicators such as Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 2.7 B or Earnings before Tax of 2.1 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Macys future value. Financial Statement Analysis is much more than just reviewing and breaking down Macys Inc prevalent accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Macys Inc is a good buy for the upcoming year. Please see also Stocks Correlation.