Phoenix Total Other Income Expense Net vs Cost Of Revenue Analysis

The correlation between Phoenix Global's Total Other Income Expense Net and Cost Of Revenue is 0.18. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Phoenix Global Mining, assuming nothing else is changed. The correlation between historical values of Phoenix Global's Total Other Income Expense Net and Cost Of 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 Total Other Income Expense Net of Phoenix Global Mining are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Total Other Income Expense Net i.e., Phoenix Global's Total Other Income Expense Net and Cost Of Revenue go up and down completely randomly.