Network Common Stock Shares Outstanding vs Common Stock Total Equity Analysis

The correlation between Network 1's Common Stock Shares Outstanding and Common Stock Total Equity is 0.94. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Network 1 Technologies, assuming nothing else is changed. The correlation between historical values of Network 1's Common Stock Shares Outstanding and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Network 1 Technologies are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Common Stock Shares Outstanding i.e., Network 1's Common Stock Shares Outstanding and Common Stock Total Equity go up and down completely randomly.