Syntec Total Other Income Expense Net vs Interest Expense Analysis

The correlation between Syntec Optics' Total Other Income Expense Net and Interest Expense is -0.9. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Syntec Optics Holdings, assuming nothing else is changed. The correlation between historical values of Syntec Optics' Total Other Income Expense Net and Interest Expense 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 Other Income Expense Net of Syntec Optics Holdings are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Total Other Income Expense Net i.e., Syntec Optics' Total Other Income Expense Net and Interest Expense go up and down completely randomly.