@erik_squires @ddlux @richardbrand Thank you. You're correct. The lower chart should represent the phase angle, which varies from -90° to +90°. I prefer Stereophile's presentation, as shown below, where the impedance and phase angle charts are superimposed on the same chart with the left axis ranging from 0 to 20 ohms for impedance and the right axis ranging from -90° to +90° for phase angle, making it easier to interpret.
On another note, Stereophile began reporting EPDR (Equivalent Peak Dissipation Resistance) around 2020. As you may know already, EPDR represents the lowest effective resistance, accounting for both impedance dips and reactive phase angles. The exact formulation used by Stereophile remains unknown to me, but thanks to Mr. Jack Oclee-Brown, his derivation appears accurate enough to reproduce the values reported by Stereophile.
As shown in the example below for the Wilson Alexia V, winner of Stereophile's 2023 Speaker of the Year award, the nominal impedance is approximately 2.9 ohms, which may seem manageable. However, when factoring in the phase angle, the corresponding effective impedance drops to just 1.15 ohms, indicating that the speaker is actually quite current-hungry at low frequencies.