Fair Non Current Assets Total vs Non Current Liabilities Total Analysis

The correlation between Fair Oaks' Non Current Assets Total and Non Current Liabilities Total is -0.15. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Fair Oaks Income, assuming nothing else is changed. The correlation between historical values of Fair Oaks' Non Current Assets Total and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Fair Oaks Income are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Non Current Assets Total i.e., Fair Oaks' Non Current Assets Total and Non Current Liabilities Total go up and down completely randomly.