PANW Stock | | | USD 383.36 0.00 0.00% |
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 Assets and its Capital Surpluse 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 Assets vs Capital Surpluse
Total Assets vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Palo Alto Networks Total Assets account and
Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.
The correlation between Palo Alto's Total Assets and Capital Surpluse is 0.72. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Capital Surpluse 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 Assets and Capital Surpluse 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 Assets of Palo Alto Networks are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Total Assets i.e., Palo Alto's Total Assets and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.
Capital Surpluse
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.
At this time, Palo Alto's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.12 in 2024, despite the fact that
Tax Provision is likely to grow to (1.5
B).
Palo Alto fundamental ratios Correlations
Click cells to compare fundamentals
Palo Alto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palo Alto fundamental ratios Accounts
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