# Correlation Analysis – Excel Template

One of the best techniques of preliminary data analysis is correlation analysis. It allows us to uncover possible relationships between different pairs of variables in our dataset. At the same time, we should always bear in mind that correlation does not mean causation. Correlation studies the relationship between two variables. It is very easy to apply and requires us to type a single formula with tools like Python, Excel, R, etc.

Some other related topics you might be interested to explore are Trend Analysis, Comparative Analysis, Value-Based Analysis, and Time Series Analysis.

This is an open-access Excel template in XLSX format that will be useful for anyone who wants to work as a Financial Analyst, Business Analyst, Consultant, Corporate Executive, or everyone preparing a corporate presentation.

### 3-Statement Model – Excel Template

The P&L, Balance sheet, and Cash flow statements are three interrelated parts. The P&L feeds net income on the

### 3-Statement Model – Excel Template

The P&L, Balance sheet, and Cash flow statements are three interrelated parts. The P&L feeds net income on the liabilities and equity side of the Balance sheet. At the same time, we obtain Cash (an asset) by summing the bottom-line result of the Cash flow statement with previous year...

### Cash Flow – Excel Template

The cash flow statement shows how a company generated and spent cash throughout a given timeframe. An important truth

### Cash Flow – Excel Template

The cash flow statement shows how a company generated and spent cash throughout a given timeframe. An important truth that is frequently neglected by inexperienced business owners is that profit does not equal cash. Every business owner and manager needs to have a clear idea of the cash flows...

### Balance Sheet – Excel Template

If the P&L statement shows how profitable a company was over a given timeframe, we can say that the

### Balance Sheet – Excel Template

If the P&L statement shows how profitable a company was over a given timeframe, we can say that the Balance sheet is like a momentary picture of the firm’s condition at the time of preparation. The Balance sheet shows what a company owns (assets) and what it owes (liabilities...