Alcoa Earnings before Tax vs Tangible Asset Value Analysis

    Earnings before Tax vs Tangible Asset Value

    Earnings before Tax

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

    Tangible Asset Value

    The value of tangibles assets calculated as the difference between Total Assets and Goodwill and Intangible Assets.

    Accounts Relationship

    Earnings before Tax vs Tangible Asset Value

    Significance: Pay attention

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

    Correlation Coefficient

    -0.75
    Relationship DirectionNegative 
    Relationship StrengthWeak