Alcoa Average Assets vs Earnings before Tax Analysis

    Average Assets vs Earnings before Tax

    Average Assets

    Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets, derived from Total Assets.

    Earnings before Tax

    Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.
    Accounts Relationship
    Average Assets vs Earnings before Tax

    Significance: Weak Contrarian Relationship

    Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Alcoa Inc Average Assets account and Earnings before Tax

    Correlation Coefficient

    -0.09
    Relationship DirectionNegative 
    Relationship StrengthInsignificant