Abrdn Common Stock Shares Outstanding vs Property Plant And Equipment Net Analysis

The correlation between Abrdn Property's Common Stock Shares Outstanding and Property Plant And Equipment Net is 0.22. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of abrdn Property Income, assuming nothing else is changed. The correlation between historical values of Abrdn Property's Common Stock Shares Outstanding and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of abrdn Property Income are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Common Stock Shares Outstanding i.e., Abrdn Property's Common Stock Shares Outstanding and Property Plant And Equipment Net go up and down completely randomly.