ALCC-P Operating Income vs Selling General Administrative Analysis

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