Alcoa Earnings before Tax vs Average Assets Analysis

    Earnings before Tax vs Average Assets

    Earnings before Tax

    Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

    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.
    Accounts Relationship
    Earnings before Tax vs Average Assets

    Significance: Weak Contrarian Relationship

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

    Correlation Coefficient

    -0.09
    Relationship DirectionNegative 
    Relationship StrengthInsignificant