Eightco Holdings Stock Technical Analysis
| OCTO Stock | 1.85 0.09 5.11% |
As of the 26th of November, Eightco Holdings shows the Coefficient Of Variation of 2040.62, downside deviation of 7.45, and Mean Deviation of 6.56. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Eightco Holdings, as well as the relationship between them.
Eightco Holdings Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Eightco, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EightcoEightco |
Eightco Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Eightco Holdings Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Eightco Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Eightco Holdings Trend Analysis
Use this graph to draw trend lines for Eightco Holdings. You can use it to identify possible trend reversals for Eightco Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Eightco Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Eightco Holdings Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Eightco Holdings applied against its price change over selected period. The best fit line has a slop of 0.0018 , which may suggest that Eightco Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.12, which is the sum of squared deviations for the predicted Eightco Holdings price change compared to its average price change.About Eightco Holdings Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Eightco Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Eightco Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Eightco Holdings price pattern first instead of the macroeconomic environment surrounding Eightco Holdings. By analyzing Eightco Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Eightco Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Eightco Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 33.19 | 13.63 | 26.54 | 25.21 | Days Of Inventory On Hand | 7.11 | 64.09 | 36.04 | 19.82 |
Eightco Holdings November 26, 2024 Technical Indicators
Most technical analysis of Eightco help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Eightco from various momentum indicators to cycle indicators. When you analyze Eightco charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0467 | |||
| Market Risk Adjusted Performance | 0.8565 | |||
| Mean Deviation | 6.56 | |||
| Semi Deviation | 6.84 | |||
| Downside Deviation | 7.45 | |||
| Coefficient Of Variation | 2040.62 | |||
| Standard Deviation | 9.86 | |||
| Variance | 97.26 | |||
| Information Ratio | 0.036 | |||
| Jensen Alpha | 0.407 | |||
| Total Risk Alpha | (1.06) | |||
| Sortino Ratio | 0.0476 | |||
| Treynor Ratio | 0.8465 | |||
| Maximum Drawdown | 64.79 | |||
| Value At Risk | (9.57) | |||
| Potential Upside | 16.5 | |||
| Downside Variance | 55.54 | |||
| Semi Variance | 46.72 | |||
| Expected Short fall | (8.81) | |||
| Skewness | 1.65 | |||
| Kurtosis | 6.46 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Eightco Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Eightco Stock, please use our How to Invest in Eightco Holdings guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Diversified Metals & Mining 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 Eightco Holdings. If investors know Eightco 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 Eightco Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 12.29 | Revenue Per Share 51.533 | Quarterly Revenue Growth (0.66) | Return On Assets (0.07) | Return On Equity (0.32) |
The market value of Eightco Holdings is measured differently than its book value, which is the value of Eightco that is recorded on the company's balance sheet. Investors also form their own opinion of Eightco Holdings' value that differs from its market value or its book value, called intrinsic value, which is Eightco Holdings' 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 Eightco Holdings' market value can be influenced by many factors that don't directly affect Eightco Holdings' 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 Eightco Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eightco Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eightco Holdings' 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.