Copper Common Stock Shares Outstanding vs Total Stockholder Equity Analysis

The correlation between Copper Road's Common Stock Shares Outstanding and Total Stockholder Equity is -0.73. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Copper Road Resources, assuming nothing else is changed. The correlation between historical values of Copper Road's Common Stock Shares Outstanding and Total Stockholder Equity 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 Copper Road Resources are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Common Stock Shares Outstanding i.e., Copper Road's Common Stock Shares Outstanding and Total Stockholder Equity go up and down completely randomly.