Madrigal Income Tax Expense vs Total Other Income Expense Net Analysis

The correlation between Madrigal Pharmaceuticals' Income Tax Expense and Total Other Income Expense Net is -0.23. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Madrigal Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Madrigal Pharmaceuticals' Income Tax Expense and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Madrigal Pharmaceuticals are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Income Tax Expense i.e., Madrigal Pharmaceuticals' Income Tax Expense and Total Other Income Expense Net go up and down completely randomly.