Oriental Common Stock Total Equity vs Current Deferred Revenue Analysis

The correlation between Oriental Culture's Common Stock Total Equity and Current Deferred Revenue is -0.82. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Oriental Culture Holding, assuming nothing else is changed. The correlation between historical values of Oriental Culture's Common Stock Total Equity and Current Deferred Revenue 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 Oriental Culture Holding are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Common Stock Total Equity i.e., Oriental Culture's Common Stock Total Equity and Current Deferred Revenue go up and down completely randomly.