Fair Total Operating Expenses vs Ebitda Analysis

The correlation between Fair Oaks' Total Operating Expenses and Ebitda is 0.18. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Ebitda 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' Total Operating Expenses and Ebitda 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 Fair Oaks Income are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Total Operating Expenses i.e., Fair Oaks' Total Operating Expenses and Ebitda go up and down completely randomly.