This setting adjusts the background opacity for the series value labels.
0%: the label is completely transparent and not visible.
50%: the label is semi-transparent, blending in with the visual.
100%: the label is completely opaque.
Using a low opacity value will give the labels a subtle appearance that doesn’t obscure other chart elements, however it may reduce the readability of the label text. Conversely, high label background opacity will ensure the best readability, but the labels may obscure chart elements behind it.
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