Apptech Depreciation And Amortization vs Total Operating Expenses Analysis

The correlation between Apptech Corp's Depreciation And Amortization and Total Operating Expenses is 0.27. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Apptech Corp, assuming nothing else is changed. The correlation between historical values of Apptech Corp's Depreciation And Amortization 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 Depreciation And Amortization of Apptech Corp 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 Depreciation And Amortization i.e., Apptech Corp's Depreciation And Amortization and Total Operating Expenses go up and down completely randomly.