PALO Property Plant And Equipment Net vs Capital Lease Obligations 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 Property Plant And Equipment Net and its Capital Lease Obligations 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.
Property Plant And Equipment Net vs Capital Lease Obligations
Property Plant And Equipment Net vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PALO ALTO NETWORKS Property Plant And Equipment Net account and Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.
The correlation between PALO ALTO's Property Plant And Equipment Net and Capital Lease Obligations is -0.71. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Capital Lease Obligations 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 Property Plant And Equipment Net and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of PALO ALTO NETWORKS are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Property Plant And Equipment Net i.e., PALO ALTO's Property Plant And Equipment Net and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.71 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Capital Lease Obligations
PALO ALTO NETWORKS capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to PALO ALTO asset purchases. For example, PALO ALTO can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as PALO ALTO control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.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
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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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.