Reliance Intangible Assets vs Preferred Stock Total Equity Analysis

The correlation between Reliance Home's Intangible Assets and Preferred Stock Total Equity is -0.66. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Preferred Stock Total Equity in the same time period over historical financial statements of Reliance Home Finance, assuming nothing else is changed. The correlation between historical values of Reliance Home's Intangible Assets and Preferred Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Reliance Home Finance are associated (or correlated) with its Preferred Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Preferred Stock Total Equity has no effect on the direction of Intangible Assets i.e., Reliance Home's Intangible Assets and Preferred Stock Total Equity go up and down completely randomly.