8x8 Common Stock Stock Market Value
| EGHT Stock | USD 3.04 0.09 3.05% |
| Symbol | 8x8 |
8x8 Common Stock Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 8x8 Common. If investors know 8x8 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 8x8 Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.56) | Revenue Per Share 5.732 | Quarterly Revenue Growth 0.174 | Return On Assets (0.01) | Return On Equity (0.63) |
The market value of 8x8 Common Stock is measured differently than its book value, which is the value of 8x8 that is recorded on the company's balance sheet. Investors also form their own opinion of 8x8 Common's value that differs from its market value or its book value, called intrinsic value, which is 8x8 Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 8x8 Common's market value can be influenced by many factors that don't directly affect 8x8 Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 8x8 Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if 8x8 Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 8x8 Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
8x8 Common 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 8x8 Common's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 8x8 Common.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in 8x8 Common on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding 8x8 Common Stock or generate 0.0% return on investment in 8x8 Common over 30 days. 8x8 Common is related to or competes with Workday, Digital Turbine, Bill, Autodesk, Smartsheet, Kingsoft Cloud, and Sprout Social. 8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface Software-... More
8x8 Common Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 8x8 Common's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess 8x8 Common Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.185 | |||
| Maximum Drawdown | 22.23 | |||
| Value At Risk | (5.39) | |||
| Potential Upside | 7.65 |
8x8 Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 8x8 Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 8x8 Common's standard deviation. In reality, there are many statistical measures that can use 8x8 Common historical prices to predict the future 8x8 Common's volatility.| Risk Adjusted Performance | 0.1753 | |||
| Jensen Alpha | 0.6116 | |||
| Total Risk Alpha | 0.2298 | |||
| Sortino Ratio | 0.2172 | |||
| Treynor Ratio | 0.4264 |
8x8 Common Stock Backtested Returns
8x8 Common appears to be unstable, given 3 months investment horizon. 8x8 Common Stock retains Efficiency (Sharpe Ratio) of 0.19, which signifies that the company had a 0.19% return per unit of price deviation over the last 3 months. By reviewing 8x8 Common's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of 8x8 Common's Coefficient Of Variation of 458.64, market risk adjusted performance of 0.4364, and Standard Deviation of 3.96 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 8x8 Common holds a performance score of 14. The firm owns a Beta (Systematic Risk) of 2.0, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 8x8 Common will likely underperform. Please check 8x8 Common's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether 8x8 Common's current price history will revert.
Auto-correlation | 0.65 |
Good predictability
8x8 Common Stock has good predictability. Overlapping area represents the amount of predictability between 8x8 Common time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 8x8 Common Stock price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current 8x8 Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
8x8 Common Stock lagged returns against current returns
Autocorrelation, which is 8x8 Common stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 8x8 Common's stock expected returns. We can calculate the autocorrelation of 8x8 Common returns to help us make a trade decision. For example, suppose you find that 8x8 Common has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
8x8 Common regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 8x8 Common stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 8x8 Common stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 8x8 Common stock over time.
Current vs Lagged Prices |
| Timeline |
8x8 Common Lagged Returns
When evaluating 8x8 Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 8x8 Common stock have on its future price. 8x8 Common autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 8x8 Common autocorrelation shows the relationship between 8x8 Common stock current value and its past values and can show if there is a momentum factor associated with investing in 8x8 Common Stock.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for 8x8 Stock Analysis
When running 8x8 Common's price analysis, check to measure 8x8 Common'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 8x8 Common is operating at the current time. Most of 8x8 Common's value examination focuses on studying past and present price action to predict the probability of 8x8 Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8x8 Common's price. Additionally, you may evaluate how the addition of 8x8 Common to your portfolios can decrease your overall portfolio volatility.