PALO Free Cash Flow vs Change In Working Capital Analysis
| PANW Stock | 22.36 0.33 1.50% |
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 Free Cash Flow and its Change In Working Capital 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 producer price index.
Free Cash Flow vs Change In Working Capital
Free Cash Flow vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PALO ALTO NETWORKS Free Cash Flow account and Change In Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between PALO ALTO's Free Cash Flow and Change In Working Capital is 0.97. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Working Capital 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 Free Cash Flow and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of PALO ALTO NETWORKS are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Free Cash Flow i.e., PALO ALTO's Free Cash Flow and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.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 producer price index. 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 | 2024 | 2025 (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
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| 0.58 | AAPL | Apple Inc CDR | PairCorr |
| 0.58 | AAPL | Apple CDR | 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 producer price index. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.