A-Labs Total Stockholder Equity vs Net Working Capital Analysis

The correlation between A-Labs Capital's Total Stockholder Equity and Net Working Capital is 1.0. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Working Capital 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 Capital's Total Stockholder Equity and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of A Labs Capital IV are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Stockholder Equity i.e., A-Labs Capital's Total Stockholder Equity and Net Working Capital go up and down completely randomly.