Figure 3
A heat map with a grid layout displaying correlation values between different financial and operational metrics. The heat map has a color scale ranging from blue to red, indicating correlation values from -0.75 to 1.00. Higher values are represented by red shades, while lower values are shown in blue shades. The axes are labeled with different metrics such as ROA, ROE, EBITM, TobingMCTA, CHL, NetCashFlowTA, CashFlowOperatingOpRevenue, CIE, CASH2, CO2PC, CO2Intensity, ARTA, APTA, GWCR, NWCR, LiquidR, CurrentR, CASHR, TA, and LEVERAGE. Notable correlations include high positive values between NetCashFlowTA and CashFlowOperatingOpRevenue, and high negative values between LEVERAGE and several other metrics.Correlation Heatmap of all variables with ARIMAX