Foremost Property Plant And Equipment Net vs Common Stock Shares Outstanding Analysis

The correlation between Foremost Lithium's Property Plant And Equipment Net and Common Stock Shares Outstanding is 0.98. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Foremost Lithium Resource, assuming nothing else is changed. The correlation between historical values of Foremost Lithium's Property Plant And Equipment Net and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Foremost Lithium Resource are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Property Plant And Equipment Net i.e., Foremost Lithium's Property Plant And Equipment Net and Common Stock Shares Outstanding go up and down completely randomly.