Power Total Other Income Expense Net vs Discontinued Operations Analysis

The correlation between Power Metal's Total Other Income Expense Net and Discontinued Operations is 0.23. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Discontinued Operations in the same time period over historical financial statements of Power Metal Resources, assuming nothing else is changed. The correlation between historical values of Power Metal's Total Other Income Expense Net and Discontinued Operations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Power Metal Resources are associated (or correlated) with its Discontinued Operations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Discontinued Operations has no effect on the direction of Total Other Income Expense Net i.e., Power Metal's Total Other Income Expense Net and Discontinued Operations go up and down completely randomly.