ALCC-P Operating Income vs Total Operating Expenses Analysis

The correlation between A Labs' Operating Income and Total Operating Expenses is -0.96. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses 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 Total Operating Expenses 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 Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., A Labs' Operating Income and Total Operating Expenses go up and down completely randomly.