Uranium Total Operating Expenses vs Selling And Marketing Expenses Analysis

The correlation between Uranium Royalty's Total Operating Expenses and Selling And Marketing Expenses is 0.85. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Uranium Royalty Corp, assuming nothing else is changed. The correlation between historical values of Uranium Royalty's Total Operating Expenses and Selling And Marketing 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 Total Operating Expenses of Uranium Royalty Corp are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Total Operating Expenses i.e., Uranium Royalty's Total Operating Expenses and Selling And Marketing Expenses go up and down completely randomly.