Lexaria Net Income vs Net Income Per E B T Analysis

The correlation between Lexaria Bioscience's Net Income and Net Income Per E B T is -0.5. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Income Per E B T in the same time period over historical financial statements of Lexaria Bioscience Corp, assuming nothing else is changed. The correlation between historical values of Lexaria Bioscience's Net Income and Net Income Per E B T is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Lexaria Bioscience Corp are associated (or correlated) with its Net Income Per E B T. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per E B T has no effect on the direction of Net Income i.e., Lexaria Bioscience's Net Income and Net Income Per E B T go up and down completely randomly.