Gol Linhas Average Assets vs Earnings before Tax Analysis

GOL -- USA Stock  

USD 17.05  1.34  8.53%

Gol Linhas financial indicator trend analysis is much more than just examining Gol Linhas Aereas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gol Linhas Aereas is a good investment. Please check the relationship between Gol Linhas Average Assets and its Earnings before Tax accounts. Please also check Risk vs Return Analysis.

Average Assets vs Earnings before Tax

Accounts Relationship

Average Assets vs Earnings before Tax

Significance: Significant Contrarian Relationship

Average Assets diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Gol Linhas Aereas Average Assets account and Earnings before Tax

Correlation Coefficient

-0.39
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 [Assets].

Earnings before Tax

Earnings Before Tax is calculated by adding [TaxExp] back to [NetInc].
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