American Total Current Assets vs Non Current Assets Total Analysis

The correlation between American Rebel's Total Current Assets and Non Current Assets Total is 0.96. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of American Rebel Holdings, assuming nothing else is changed. The correlation between historical values of American Rebel's Total Current Assets and Non Current Assets Total 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 Current Assets of American Rebel Holdings are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Assets i.e., American Rebel's Total Current Assets and Non Current Assets Total go up and down completely randomly.