Green Other Stockholder Equity vs Total Current Liabilities Analysis

The correlation between Green Panda's Other Stockholder Equity and Total Current Liabilities is -0.21. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Liabilities 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 Other Stockholder Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Green Panda Capital are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Stockholder Equity i.e., Green Panda's Other Stockholder Equity and Total Current Liabilities go up and down completely randomly.