Park Total Other Income Expense Net vs Net Income From Continuing Ops Analysis

The correlation between Park Electrochemical's Total Other Income Expense Net and Net Income From Continuing Ops is -0.07. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Park Electrochemical, assuming nothing else is changed. The correlation between historical values of Park Electrochemical's Total Other Income Expense Net and Net Income From Continuing Ops 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 Park Electrochemical are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Total Other Income Expense Net i.e., Park Electrochemical's Total Other Income Expense Net and Net Income From Continuing Ops go up and down completely randomly.