Elementos Total Operating Expenses vs Total Other Income Expense Net Analysis

The correlation between Elementos' Total Operating Expenses and Total Other Income Expense Net is -0.09. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Elementos Limited, assuming nothing else is changed. The correlation between historical values of Elementos' Total 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 Total Operating Expenses of Elementos Limited 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 Total Operating Expenses i.e., Elementos' Total Operating Expenses and Total Other Income Expense Net go up and down completely randomly.