International Selling And Marketing Expenses vs Total Operating Expenses Analysis

The correlation between International Tower's Selling And Marketing Expenses and Total Operating Expenses is 0.19. 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 International Tower Hill, assuming nothing else is changed. The correlation between historical values of International Tower's 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 International Tower Hill 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., International Tower's Selling And Marketing Expenses and Total Operating Expenses go up and down completely randomly.