PALO Free Cash Flow from 2010 to 2024
| PANW Stock | 23.83 0.37 1.58% |
Free Cash Flow | First Reported 2010-12-31 | Previous Quarter 3 B | Current Value 1.8 B | Quarterly Volatility 733.9 M |
Check PALO ALTO financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PALO ALTO's main balance sheet or income statement drivers, such as Tax Provision of 152.9 M, Net Interest Income of 238.1 M or Interest Income of 271 M, as well as many indicators such as . PALO financial statements analysis is a perfect complement when working with PALO ALTO Valuation or Volatility modules.
PALO | Free Cash Flow |
Pair Trading with PALO ALTO
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PALO ALTO position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PALO ALTO will appreciate offsetting losses from the drop in the long position's value.Moving against PALO Stock
| 0.81 | VENZ | Venzee Technologies | PairCorr |
| 0.8 | VERS | VERSES AI | PairCorr |
| 0.72 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.6 | PAY | Payfare | PairCorr |
| 0.47 | NBVA | Nubeva Technologies | PairCorr |
The ability to find closely correlated positions to PALO ALTO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PALO ALTO when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PALO ALTO - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PALO ALTO NETWORKS to buy it.
The correlation of PALO ALTO is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PALO ALTO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PALO ALTO NETWORKS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PALO ALTO can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of PALO ALTO Correlation against competitors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.