Renovaro Selling And Marketing Expenses vs Total Operating Expenses Analysis

The correlation between Renovaro Biosciences' Selling And Marketing Expenses and Total Operating Expenses is -0.91. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Renovaro Biosciences, assuming nothing else is changed. The correlation between historical values of Renovaro Biosciences' Selling And Marketing Expenses and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Renovaro Biosciences are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Selling And Marketing Expenses i.e., Renovaro Biosciences' Selling And Marketing Expenses and Total Operating Expenses go up and down completely randomly.