European Common Stock Total Equity vs Property Plant And Equipment Gross Analysis

The correlation between European Metals' Common Stock Total Equity and Property Plant And Equipment Gross is -0.07. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Property Plant And Equipment Gross 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 Total Equity and Property Plant And Equipment Gross 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 Total Equity of European Metals Holdings are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Common Stock Total Equity i.e., European Metals' Common Stock Total Equity and Property Plant And Equipment Gross go up and down completely randomly.