Black Total Operating Expenses vs Net Income From Continuing Ops Analysis

The correlation between Black Iron's Total Operating Expenses and Net Income From Continuing Ops is -0.23. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Black Iron, assuming nothing else is changed. The correlation between historical values of Black Iron's Total Operating Expenses and Net Income From Continuing Ops 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 Operating Expenses of Black Iron are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Total Operating Expenses i.e., Black Iron's Total Operating Expenses and Net Income From Continuing Ops go up and down completely randomly.