8x8 Common Stock Stock Technical Analysis
EGHT Stock | USD 2.74 0.10 3.79% |
As of the 28th of March, 8x8 Common owns the Information Ratio of (0.11), market risk adjusted performance of (0.27), and Variance of 17.59. 8x8 Common Stock technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We have analyze and collected data for thirteen technical drivers for 8x8 Common, which can be compared to its peers in the sector. Please confirm 8x8 Common Stock market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if 8x8 Common Stock is priced favorably, providing market reflects its prevailing price of 2.74 per share. Please also double-check 8x8 Common jensen alpha, which is currently at (0.47) to validate the company can sustain itself at some point in the future.
8x8 Common Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as 8x8, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to 8x88x8 |
8x8 Common Analyst Consensus
Target Price | Advice | # of Analysts | |
4.55 | Buy | 13 | Odds |
Most 8x8 analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand 8x8 stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of 8x8 Common Stock, talking to its executives and customers, or listening to 8x8 conference calls.
8x8 Common 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.
8x8 Common Stock Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 8x8 Common Stock volatility. High ATR values indicate high volatility, and low values indicate low volatility.
8x8 Common Stock Trend Analysis
Use this graph to draw trend lines for 8x8 Common Stock. You can use it to identify possible trend reversals for 8x8 Common 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 8x8 Common price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.8x8 Common Best Fit Change Line
The following chart estimates an ordinary least squares regression model for 8x8 Common Stock applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that 8x8 Common Stock market price will keep on failing further. It has 122 observation points and a regression sum of squares at 12.75, which is the sum of squared deviations for the predicted 8x8 Common price change compared to its average price change.About 8x8 Common 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 8x8 Common Stock 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 8x8 Common Stock based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on 8x8 Common Stock price pattern first instead of the macroeconomic environment surrounding 8x8 Common Stock. By analyzing 8x8 Common'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 8x8 Common'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 8x8 Common specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 0.0102 | 0.00965 | Price To Sales Ratio | 0.75 | 0.71 |
8x8 Common March 28, 2024 Technical Indicators
Most technical analysis of 8x8 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 8x8 from various momentum indicators to cycle indicators. When you analyze 8x8 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.03) | |||
Market Risk Adjusted Performance | (0.27) | |||
Mean Deviation | 3.09 | |||
Coefficient Of Variation | (1,323) | |||
Standard Deviation | 4.19 | |||
Variance | 17.59 | |||
Information Ratio | (0.11) | |||
Jensen Alpha | (0.47) | |||
Total Risk Alpha | (1.27) | |||
Treynor Ratio | (0.28) | |||
Maximum Drawdown | 23.59 | |||
Value At Risk | (8.74) | |||
Potential Upside | 4.81 | |||
Skewness | (0.17) | |||
Kurtosis | 1.44 |
8x8 Common March 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as 8x8 stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 25,426 | ||
Daily Balance Of Power | 0.91 | ||
Rate Of Daily Change | 1.04 | ||
Day Median Price | 2.69 | ||
Day Typical Price | 2.70 | ||
Price Action Indicator | 0.11 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 8x8 Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.