Nutriband Ebitda vs Selling And Marketing Expenses Analysis

The correlation between Nutriband's Ebitda and Selling And Marketing Expenses is 0.54. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Nutriband, assuming nothing else is changed. The correlation between historical values of Nutriband's Ebitda and Selling And Marketing 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 Ebitda of Nutriband are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Ebitda i.e., Nutriband's Ebitda and Selling And Marketing Expenses go up and down completely randomly.