Hansa Income Tax Expense vs Income Before Tax Analysis

The correlation between Hansa Investment's Income Tax Expense and Income Before Tax is 0.27. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Hansa Investment, assuming nothing else is changed. The correlation between historical values of Hansa Investment's Income Tax Expense and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Hansa Investment are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Income Tax Expense i.e., Hansa Investment's Income Tax Expense and Income Before Tax go up and down completely randomly.