Chibougamau Other Operating Expenses vs Total Other Income Expense Net Analysis

The correlation between Chibougamau Independent's Other Operating Expenses and Total Other Income Expense Net is -0.11. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Chibougamau Independent Mines, assuming nothing else is changed. The correlation between historical values of Chibougamau Independent's Other Operating Expenses and Total Other Income Expense 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 Other Operating Expenses of Chibougamau Independent Mines are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Other Operating Expenses i.e., Chibougamau Independent's Other Operating Expenses and Total Other Income Expense Net go up and down completely randomly.