Vivid Cost Of Revenue vs Income Tax Expense Analysis

The correlation between Vivid Seats' Cost Of Revenue and Income Tax Expense is -0.66. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Vivid Seats Warrant, assuming nothing else is changed. The correlation between historical values of Vivid Seats' Cost Of Revenue and Income Tax 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 Cost Of Revenue of Vivid Seats Warrant are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Cost Of Revenue i.e., Vivid Seats' Cost Of Revenue and Income Tax Expense go up and down completely randomly.