Abacus Other Non Cash Items vs Sale Purchase Of Stock Analysis

The correlation between Abacus Life's Other Non Cash Items and Sale Purchase Of Stock is 0.8. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Abacus Life, assuming nothing else is changed. The correlation between historical values of Abacus Life's Other Non Cash Items and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Abacus Life are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Other Non Cash Items i.e., Abacus Life's Other Non Cash Items and Sale Purchase Of Stock go up and down completely randomly.