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CVS Health Return on Investment vs Calculated Tax Rate Analysis

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CVS -- USA Stock  

Earnings Report: May 6, 2020  

CVS Health financial indicator trend analysis is way more than just evaluating CVS Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CVS Health is a good investment. Please check the relationship between CVS Health Return on Investment and its Calculated Tax Rate accounts. Continue to Trending Equities.

Return on Investment vs Calculated Tax Rate

Accounts Relationship

Return on Investment vs Calculated Tax Rate

Significance: Pay attention

Return on Investment diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of CVS Health Return on Investment account and Calculated Tax Rate

Correlation Coefficient

-0.96
Relationship DirectionNegative 
Relationship StrengthSignificant

Return on Investment

Calculated Tax Rate