Fair Total Other Income Expense Net vs Net Income Analysis

The correlation between Fair Oaks' Total Other Income Expense Net and Net Income is 0.32. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Net Income 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 Other Income Expense Net and Net Income 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 Other Income Expense Net of Fair Oaks Income are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Other Income Expense Net i.e., Fair Oaks' Total Other Income Expense Net and Net Income go up and down completely randomly.