Lion Income Tax Expense vs Net Interest Income Analysis

The correlation between Lion Electric's Income Tax Expense and Net Interest Income is -0.5. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Lion Electric Corp, assuming nothing else is changed. The correlation between historical values of Lion Electric's Income Tax Expense and Net Interest 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 Income Tax Expense of Lion Electric Corp are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Income Tax Expense i.e., Lion Electric's Income Tax Expense and Net Interest Income go up and down completely randomly.