Easy way to read off the impact of price on expected returns in stocks ... clearly a big difference in the spread between outcomes ....

.... in fact aside from giving you some sense of the "best fit/correlation" - what essentially this tells you is that at around11x you have a very high probability of a high return and at above 18x you have a high probability of a low return ... in between those you have a low probability of being average (the spread between max and min outcomes is wide and the dispersion is high) ...