Ajax Selling General Administrative vs Total Operating Expenses Analysis

The correlation between Ajax Resources' Selling General Administrative and Total Operating Expenses is 1.0. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Ajax Resources PLC, assuming nothing else is changed. The correlation between historical values of Ajax Resources' Selling General Administrative and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Ajax Resources PLC are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Selling General Administrative i.e., Ajax Resources' Selling General Administrative and Total Operating Expenses go up and down completely randomly.