DMY Tax Provision vs Income Tax Expense Analysis

The correlation between DMY Squared's Tax Provision and Income Tax Expense is -0.81. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of dMY Squared Technology, assuming nothing else is changed. The correlation between historical values of DMY Squared's Tax Provision and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of dMY Squared Technology are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Tax Provision i.e., DMY Squared's Tax Provision and Income Tax Expense go up and down completely randomly.