Futura Depreciation And Amortization vs Total Other Income Expense Net Analysis

The correlation between Futura Medical's Depreciation And Amortization and Total Other Income Expense Net is 0.47. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Futura Medical, assuming nothing else is changed. The correlation between historical values of Futura Medical's Depreciation And Amortization 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 Depreciation And Amortization of Futura Medical 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 Depreciation And Amortization i.e., Futura Medical's Depreciation And Amortization and Total Other Income Expense Net go up and down completely randomly.