Fennec Selling And Marketing Expenses vs Income Tax Expense Analysis

The correlation between Fennec Pharmaceuticals' Selling And Marketing Expenses and Income Tax Expense is -0.11. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Fennec Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Fennec Pharmaceuticals' Selling And Marketing Expenses and Income Tax Expense 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 And Marketing Expenses of Fennec Pharmaceuticals are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Selling And Marketing Expenses i.e., Fennec Pharmaceuticals' Selling And Marketing Expenses and Income Tax Expense go up and down completely randomly.