Brightsphere Income Tax Expense vs Extraordinary Items Analysis

The correlation between Brightsphere Investment's Income Tax Expense and Extraordinary Items is -0.67. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of Brightsphere Investment Group, assuming nothing else is changed. The correlation between historical values of Brightsphere Investment's Income Tax Expense and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Brightsphere Investment Group are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Income Tax Expense i.e., Brightsphere Investment's Income Tax Expense and Extraordinary Items go up and down completely randomly.