Alcoa Tangible Asset Value vs Earnings before Tax Analysis

    Tangible Asset Value vs Earnings before Tax

    Tangible Asset Value

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

    Earnings before Tax

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

    Accounts Relationship

    Tangible Asset Value vs Earnings before Tax

    Significance: Pay attention

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

    Correlation Coefficient

    -0.75
    Relationship DirectionNegative 
    Relationship StrengthWeak