Gol Linhas Earnings before Tax vs Average Equity 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 Earnings before Tax and its Average Equity accounts. Please also check Risk vs Return Analysis.

Earnings before Tax vs Average Equity

Accounts Relationship

Earnings before Tax vs Average Equity

Significance: Pay attention

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

Correlation Coefficient

-0.77
Relationship DirectionNegative 
Relationship StrengthWeak

Earnings before Tax

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

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from [Equity].
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