Green Total Current Liabilities vs Total Stockholder Equity Analysis

The correlation between Green Panda's Total Current Liabilities and Total Stockholder Equity is -0.64. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Green Panda Capital, assuming nothing else is changed. The correlation between historical values of Green Panda's Total Current Liabilities and Total Stockholder Equity 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 Current Liabilities of Green Panda Capital are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Green Panda's Total Current Liabilities and Total Stockholder Equity go up and down completely randomly.