Lexaria Net Working Capital vs Intangible Assets Analysis

The correlation between Lexaria Bioscience's Net Working Capital and Intangible Assets is 0.22. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Intangible Assets 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 Working Capital and Intangible Assets 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 Working Capital of Lexaria Bioscience Corp are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Working Capital i.e., Lexaria Bioscience's Net Working Capital and Intangible Assets go up and down completely randomly.