PALO Total Revenue vs Total Assets Analysis
| PANW Stock | 23.68 0.17 0.72% |
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 Total Revenue and its Total 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.
Total Revenue vs Total Assets
Total Revenue vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PALO ALTO NETWORKS Total Revenue account and Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between PALO ALTO's Total Revenue and Total Assets is 1.0. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total 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 Total Revenue and Total 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 Total Revenue of PALO ALTO NETWORKS are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Revenue i.e., PALO ALTO's Total Revenue and Total Assets go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts PALO ALTO NETWORKS generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Total Assets
Total assets refers to the total amount of PALO ALTO assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in PALO ALTO NETWORKS books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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
| 0.73 | TD | Toronto Dominion Bank | PairCorr |
| 0.71 | VERS | VERSES AI | PairCorr |
| 0.7 | VENZ | Venzee Technologies Earnings Call Tomorrow | PairCorr |
| 0.55 | PAY | Payfare | PairCorr |
| 0.41 | 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.