No direct interpretation for any particular value of V between 0 and 1 ,generally anything under 0.1 is considered very weak,Therefore, in this example, even it 'a relationship dose hold in the population,it is so weak as to be trivial. This highlight one of the main uses of cramer's it provides a way of assessing a suspicion that a significant chi-square test is due merely to sample size rather than some underlying relationship between the variables