PALO Cash vs Total Current Assets Analysis
| PANW Stock | 24.28 0.60 2.53% |
PALO ALTO financial indicator trend analysis is much more than just breaking down PALO ALTO NETWORKS prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PALO ALTO NETWORKS is a good investment. Please check the relationship between PALO ALTO Cash and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PALO ALTO NETWORKS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Total Current Assets
Cash vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PALO ALTO NETWORKS Cash account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between PALO ALTO's Cash and Total Current Assets is -0.76. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of PALO ALTO NETWORKS, assuming nothing else is changed. The correlation between historical values of PALO ALTO's Cash and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of PALO ALTO NETWORKS are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash i.e., PALO ALTO's Cash and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.76 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of PALO ALTO NETWORKS, which is listed under current asset account on PALO ALTO NETWORKS balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from PALO ALTO customers. The amounts must be unrestricted with restricted cash listed in a different PALO ALTO account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from PALO ALTO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PALO ALTO NETWORKS current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PALO ALTO NETWORKS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. The current year's Tax Provision is expected to grow to about 152.9 M, whereas Selling General Administrative is forecasted to decline to about 2.6 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 20.2M | 20.5M | 18.5M | 17.5M | Interest Income | 15.6M | 224.4M | 258.1M | 271.0M |
PALO ALTO fundamental ratios Correlations
Click cells to compare fundamentals
PALO ALTO Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.76 | VERS | VERSES AI | PairCorr |
| 0.76 | VENZ | Venzee Technologies Earnings Call Tomorrow | PairCorr |
| 0.69 | TD | Toronto Dominion Bank | PairCorr |
| 0.59 | PAY | Payfare | PairCorr |
| 0.45 | 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PALO ALTO NETWORKS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.