Industrivarden Income Tax Expense vs Tax Provision Analysis

The correlation between Industrivarden's Income Tax Expense and Tax Provision is 0.83. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Industrivarden AB ser, assuming nothing else is changed. The correlation between historical values of Industrivarden's Income Tax Expense and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Industrivarden AB ser are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Tax Expense i.e., Industrivarden's Income Tax Expense and Tax Provision go up and down completely randomly.