8x8 Property Plant And Equipment Net vs Other Stockholder Equity Analysis
EGHT Stock | USD 2.59 0.22 7.83% |
8x8 Common financial indicator trend analysis is way more than just evaluating 8x8 Common Stock prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 8x8 Common Stock is a good investment. Please check the relationship between 8x8 Common Property Plant And Equipment Net and its Other Stockholder Equity accounts. 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.
Property Plant And Equipment Net vs Other Stockholder Equity
Property Plant And Equipment Net vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 8x8 Common Stock Property Plant And Equipment Net account and Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between 8x8 Common's Property Plant And Equipment Net and Other Stockholder Equity is 0.84. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of 8x8 Common Stock, assuming nothing else is changed. The correlation between historical values of 8x8 Common's Property Plant And Equipment Net and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of 8x8 Common Stock are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Property Plant And Equipment Net i.e., 8x8 Common's Property Plant And Equipment Net and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Other Stockholder Equity
Most indicators from 8x8 Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 8x8 Common Stock 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 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. At this time, 8x8 Common's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 3.9 B in 2024, whereas Discontinued Operations is likely to drop slightly above 256 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 390.6M | 502.5M | 503.8M | 529.0M | Total Revenue | 638.1M | 743.9M | 728.7M | 765.1M |
8x8 Common fundamental ratios Correlations
Click cells to compare fundamentals
8x8 Common Account Relationship Matchups
High Positive Relationship
High Negative Relationship
8x8 Common fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 700.6M | 678.4M | 910.3M | 840.9M | 967.0M | 1.0B | |
Other Current Liab | 70.2M | 56.5M | 92.1M | 73.7M | 84.8M | 89.0M | |
Total Current Liabilities | 123.4M | 121.4M | 191.5M | 229.0M | 263.3M | 276.5M | |
Total Stockholder Equity | 190.7M | 160.5M | 182.4M | 99.9M | 114.9M | 111.3M | |
Property Plant And Equipment Net | 173.3M | 159.7M | 142.4M | 110.3M | 126.9M | 133.2M | |
Net Debt | 252.5M | 291.3M | 446.3M | 457.5M | 526.1M | 552.4M | |
Retained Earnings | (422.7M) | (591.1M) | (766.4M) | (792.9M) | (713.6M) | (677.9M) | |
Accounts Payable | 40.3M | 31.2M | 49.7M | 45.9M | 52.8M | 55.4M | |
Cash | 137.4M | 112.5M | 91.2M | 111.4M | 128.1M | 134.5M | |
Non Current Assets Total | 423.5M | 401.9M | 634.6M | 568.7M | 654.0M | 686.7M | |
Non Currrent Assets Other | 28.4M | 93.5M | 94.5M | 84.4M | 97.1M | 101.9M | |
Cash And Short Term Investments | 170.9M | 152.9M | 136.1M | 137.6M | 158.3M | 84.6M | |
Net Receivables | 37.8M | 51.2M | 57.4M | 62.3M | 71.7M | 75.2M | |
Common Stock Shares Outstanding | 100.0M | 118.3M | 113.4M | 116.0M | 121.1M | 72.0M | |
Liabilities And Stockholders Equity | 700.6M | 678.4M | 910.3M | 840.9M | 967.0M | 1.0B | |
Inventory | 32.8M | 38.4M | 44.2M | 38.6M | 44.3M | 46.6M | |
Other Current Assets | 35.7M | 34.1M | 38.0M | 33.7M | 38.8M | 40.7M | |
Other Stockholder Equity | 625.5M | 755.6M | 956.6M | 905.6M | 1.0B | 1.1B | |
Total Liab | 509.9M | 517.9M | 727.9M | 741.0M | 852.1M | 894.7M | |
Property Plant And Equipment Gross | 173.3M | 159.7M | 142.4M | 110.3M | 126.9M | 133.2M | |
Total Current Assets | 277.2M | 276.5M | 275.6M | 272.2M | 313.0M | 328.7M | |
Accumulated Other Comprehensive Income | (12.2M) | (4.2M) | (7.9M) | (12.9M) | (11.6M) | (11.1M) | |
Current Deferred Revenue | 7.1M | 20.7M | 34.3M | 34.9M | 40.1M | 42.2M | |
Common Stock Total Equity | 103K | 109K | 118K | 115K | 132.3K | 73.3K | |
Short Term Investments | 33.5M | 40.3M | 44.8M | 26.2M | 30.2M | 44.4M | |
Common Stock | 103K | 109K | 123K | 115K | 132.3K | 73.5K | |
Short Long Term Debt Total | 389.9M | 403.8M | 537.5M | 568.9M | 654.2M | 334.4M | |
Other Assets | 44.8M | 81.8M | 93.5M | 94.5M | 108.6M | 114.1M | |
Long Term Debt | 291.5M | 308.4M | 447.5M | 428.8M | 493.1M | 517.8M | |
Good Will | 128.3M | 131.5M | 266.9M | 266.9M | 306.9M | 322.2M | |
Non Current Liabilities Total | 386.5M | 396.5M | 536.4M | 512.0M | 588.8M | 618.3M | |
Intangible Assets | 24.0M | 17.1M | 128.2M | 107.1M | 123.2M | 129.3M | |
Property Plant Equipment | 94.4M | 159.7M | 142.4M | 57.9M | 66.6M | 69.9M | |
Short Term Debt | 5.9M | 12.9M | 15.5M | 74.4M | 85.6M | 89.9M | |
Other Liab | 6.2M | 2.5M | 5.6M | 14.4M | 16.6M | 17.4M | |
Net Tangible Assets | 38.4M | 11.9M | (212.7M) | (274.1M) | (246.7M) | (234.3M) | |
Retained Earnings Total Equity | (422.7M) | (591.1M) | (766.4M) | (792.9M) | (713.6M) | (677.9M) | |
Capital Surpluse | 625.5M | 755.6M | 956.6M | 905.6M | 1.0B | 601.2M | |
Deferred Long Term Liab | 33.7M | 53.3M | 72.4M | 75.7M | 87.0M | 91.4M | |
Non Current Liabilities Other | 94.9M | 5.6M | 3.0M | 7.0M | 8.0M | 13.9M |
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
0.82 | AI | C3 Ai Inc Financial Report 29th of May 2024 | PairCorr |
Moving against 8x8 Stock
0.56 | DTRK | DATATRAK International | 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 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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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 6.017 | Quarterly Revenue Growth 0.174 | Return On Assets (0.01) | Return On Equity (0.67) |
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.