Suppose $X,Y\sim N(\mu,\Sigma)$ are bivariate normal variables. For simplicity I'll assume $X$ and $Y$ are centered on the origin.
I'm looking for a visual or geometric way to understand the quantity $\mathbb E(Y\mid X=x)$.
I read this question and see that $$ \mathbb E(Y\mid X=x)=\frac{\text{Cov}(X,Y)}{\text{Var}(X)}x. $$
What I've done so far: My thought process so far is very hand-wavy. I am trying to picture the eigenvectors of $\Sigma$. If $\text{Cov}(X,Y)>0$, then the distribution will look something like this.
Then $\mathbb E(Y\mid X=x)$ should lie underneath the line formed by eigenvector $e_1$ whenever $x>0$. Intuitively this is because the distribution has 'more mass' under the line. Conversely, $\mathbb E(Y\mid X=x)$ should lie above that line when $x<0$. And of course $\mathbb E(Y\mid X=0)$ should lie on the line itself. If $\text{Cov}(X,Y)<0$ the opposite should be true.
This line of thought isn't really leading anywhere.
I'm having trouble understanding what the coefficient $\text{Cov}(X,Y)/\text{Var}(X)$ represents.