PANW Stock | | | USD 387.82 3.45 0.90% |
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 Interest Income and its Depreciation And Amortization 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.
Interest Income vs Depreciation And Amortization
Interest Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Palo Alto Networks Interest Income account and
Depreciation And Amortization. At this time, the significance of the direction appears to have weak relationship.
The correlation between Palo Alto's Interest Income and Depreciation And Amortization is 0.3. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Depreciation And Amortization 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 Interest Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Palo Alto Networks are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Interest Income i.e., Palo Alto's Interest Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
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).
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 27.4M | 27.2M | 8.3M | 7.9M | Depreciation And Amortization | 337M | 332.1M | 283.3M | 150.3M |
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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Palo Stock Analysis
When running Palo Alto's price analysis, check to
measure Palo Alto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Palo Alto is operating at the current time. Most of Palo Alto's value examination focuses on studying past and present price action to
predict the probability of Palo Alto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palo Alto's price. Additionally, you may evaluate how the addition of Palo Alto to your portfolios can decrease your overall portfolio volatility.