Briacell Other Stockholder Equity vs Property Plant And Equipment Net Analysis

The correlation between Briacell Therapeutics' Other Stockholder Equity and Property Plant And Equipment Net is 0.18. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Briacell Therapeutics Corp, assuming nothing else is changed. The correlation between historical values of Briacell Therapeutics' Other Stockholder Equity and Property Plant And Equipment 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 Other Stockholder Equity of Briacell Therapeutics Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Stockholder Equity i.e., Briacell Therapeutics' Other Stockholder Equity and Property Plant And Equipment Net go up and down completely randomly.