Tissue Income Tax Expense vs Other Operating Expenses Analysis

The correlation between Tissue Regenix's Income Tax Expense and Other Operating Expenses is 0.4. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Tissue Regenix Group, assuming nothing else is changed. The correlation between historical values of Tissue Regenix's Income Tax Expense and Other Operating Expenses 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 Tissue Regenix Group are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Tax Expense i.e., Tissue Regenix's Income Tax Expense and Other Operating Expenses go up and down completely randomly.