Green Common Stock Shares Outstanding vs Net Invested Capital Analysis

The correlation between Green Panda's Common Stock Shares Outstanding and Net Invested Capital is 0.65. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Green Panda Capital, assuming nothing else is changed. The correlation between historical values of Green Panda's Common Stock Shares Outstanding and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Green Panda Capital are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Common Stock Shares Outstanding i.e., Green Panda's Common Stock Shares Outstanding and Net Invested Capital go up and down completely randomly.