Bosera Deferred Long Term Liab vs Net Tangible Assets Analysis

The correlation between Bosera CMSK's Deferred Long Term Liab and Net Tangible Assets is 0.99. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Bosera CMSK Industrial, assuming nothing else is changed. The correlation between historical values of Bosera CMSK's Deferred Long Term Liab and Net Tangible 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 Deferred Long Term Liab of Bosera CMSK Industrial are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Deferred Long Term Liab i.e., Bosera CMSK's Deferred Long Term Liab and Net Tangible Assets go up and down completely randomly.