8x8 Common Stock Forecast - Polynomial Regression
| EGHT Stock | USD 2.27 0.05 2.16% |
The Polynomial Regression forecasted value of 8x8 Common Stock on the next trading day is expected to be 2.02 with a mean absolute deviation of 0.11 and the sum of the absolute errors of 7.01. 8x8 Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 8x8 Common stock prices and determine the direction of 8x8 Common Stock's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 8x8 Common's historical fundamentals, such as revenue growth or operating cash flow patterns. Although 8x8 Common's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of 8x8 Common's systematic risk associated with finding meaningful patterns of 8x8 Common fundamentals over time.
Check out Historical Fundamental Analysis of 8x8 Common to cross-verify your projections. 8x8 |
Open Interest Against 2024-05-17 8x8 Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast 8x8 Common's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in 8x8 Common's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for 8x8 Common stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current 8x8 Common's open interest, investors have to compare it to 8x8 Common's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of 8x8 Common is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in 8x8. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in 8x8 Common cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the 8x8 Common's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets 8x8 Common's price structures and extracts relationships that further increase the generated results' accuracy.
8x8 Common polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for 8x8 Common Stock as well as the accuracy indicators are determined from the period prices. 8x8 Common Polynomial Regression Price Forecast For the 28th of April
Given 90 days horizon, the Polynomial Regression forecasted value of 8x8 Common Stock on the next trading day is expected to be 2.02 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 7.01.Please note that although there have been many attempts to predict 8x8 Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that 8x8 Common's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
8x8 Common Stock Forecast Pattern
| Backtest 8x8 Common | 8x8 Common Price Prediction | Buy or Sell Advice |
8x8 Common Forecasted Value
In the context of forecasting 8x8 Common's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. 8x8 Common's downside and upside margins for the forecasting period are 0.02 and 6.36, respectively. We have considered 8x8 Common's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of 8x8 Common stock data series using in forecasting. Note that when a statistical model is used to represent 8x8 Common stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 116.17 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1131 |
| MAPE | Mean absolute percentage error | 0.0431 |
| SAE | Sum of the absolute errors | 7.0145 |
Predictive Modules for 8x8 Common
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 8x8 Common Stock. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 8x8 Common's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for 8x8 Common
For every potential investor in 8x8, whether a beginner or expert, 8x8 Common's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 8x8 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 8x8. Basic forecasting techniques help filter out the noise by identifying 8x8 Common's price trends.View 8x8 Common Related Equities
| Risk & Return | Correlation |
8x8 Common Stock Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of 8x8 Common's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of 8x8 Common's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
8x8 Common Market Strength Events
Market strength indicators help investors to evaluate how 8x8 Common stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 8x8 Common shares will generate the highest return on investment. By undertsting and applying 8x8 Common stock market strength indicators, traders can identify 8x8 Common Stock entry and exit signals to maximize returns.
| Accumulation Distribution | 71634.63 | |||
| Daily Balance Of Power | (0.24) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 2.33 | |||
| Day Typical Price | 2.31 | |||
| Price Action Indicator | (0.08) | |||
| Period Momentum Indicator | (0.05) |
8x8 Common Risk Indicators
The analysis of 8x8 Common's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in 8x8 Common's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 8x8 stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.22 | |||
| Standard Deviation | 4.28 | |||
| Variance | 18.3 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
8x8 Common Investors Sentiment
The influence of 8x8 Common's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in 8x8. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to 8x8 Common's public news can be used to forecast risks associated with an investment in 8x8. The trend in average sentiment can be used to explain how an investor holding 8x8 can time the market purely based on public headlines and social activities around 8x8 Common Stock. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
8x8 Common's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for 8x8 Common's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average 8x8 Common's news discussions. The higher the estimated score, the more favorable is the investor's outlook on 8x8 Common.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 8x8 Common in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 8x8 Common's short interest history, or implied volatility extrapolated from 8x8 Common options trading.
Pair Trading with 8x8 Common
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 8x8 Common 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 8x8 Common will appreciate offsetting losses from the drop in the long position's value.Moving together with 8x8 Stock
| 0.63 | U | Unity Software Aggressive Push | PairCorr |
| 0.73 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against 8x8 Stock
| 0.78 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
| 0.56 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.45 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to 8x8 Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 8x8 Common 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 8x8 Common - 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 8x8 Common Stock to buy it.
The correlation of 8x8 Common 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 8x8 Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 8x8 Common Stock 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 8x8 Common 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 Historical Fundamental Analysis of 8x8 Common to cross-verify your projections. Note that the 8x8 Common Stock information on this page should be used as a complementary analysis to other 8x8 Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary 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.
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Is 8x8 Common's industry 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 (0.45) | Revenue Per Share 6.179 | Quarterly Revenue Growth 0.174 | Return On Assets (0) | Return On Equity (0.54) |
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.