Green Net Tangible Assets vs Total Current Assets Analysis

The correlation between Green Panda's Net Tangible Assets and Total Current Assets is 0.9. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Assets 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 Net Tangible Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Green Panda Capital are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Tangible Assets i.e., Green Panda's Net Tangible Assets and Total Current Assets go up and down completely randomly.