European Common Stock Shares Outstanding vs Total Current Assets Analysis

The correlation between European Metals' Common Stock Shares Outstanding and Total Current Assets is 0.59. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of European Metals Holdings, assuming nothing else is changed. The correlation between historical values of European Metals' Common Stock Shares Outstanding and Total Current 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 Common Stock Shares Outstanding of European Metals Holdings are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Common Stock Shares Outstanding i.e., European Metals' Common Stock Shares Outstanding and Total Current Assets go up and down completely randomly.