Green Cash vs Net Tangible Assets Analysis

The correlation between Green Panda's Cash and Net Tangible Assets is 0.9. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Green Panda Capital, assuming nothing else is changed. The correlation between historical values of Green Panda's Cash and Net Tangible 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 Cash of Green Panda Capital are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Cash i.e., Green Panda's Cash and Net Tangible Assets go up and down completely randomly.