Lindsell Common Stock Total Equity vs Non Current Assets Total Analysis

The correlation between Lindsell Train's Common Stock Total Equity and Non Current Assets Total is -0.05. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Lindsell Train Investment, assuming nothing else is changed. The correlation between historical values of Lindsell Train's Common Stock Total Equity and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Lindsell Train Investment are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Common Stock Total Equity i.e., Lindsell Train's Common Stock Total Equity and Non Current Assets Total go up and down completely randomly.