Eightco Net Tangible Assets vs Cash And Short Term Investments Analysis
| OCTO Stock | 0.61 0.06 8.78% |
Eightco Holdings financial indicator trend analysis is much more than just examining Eightco Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eightco Holdings is a good investment. Please check the relationship between Eightco Holdings Net Tangible Assets and its Cash And Short Term Investments accounts. 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 tightly coupled 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.
Net Tangible Assets vs Cash And Short Term Investments
Net Tangible Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eightco Holdings Net Tangible Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Eightco Holdings' Net Tangible Assets and Cash And Short Term Investments is -0.8. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Eightco Holdings, assuming nothing else is changed. The correlation between historical values of Eightco Holdings' Net Tangible Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Eightco Holdings are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Tangible Assets i.e., Eightco Holdings' Net Tangible Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.8 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Eightco Holdings balance sheet. This account contains Eightco Holdings investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Eightco Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Eightco Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eightco Holdings 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 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 tightly coupled 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.As of the 28th of May 2024, Tax Provision is likely to grow to 0.00, while Selling General Administrative is likely to drop about 11.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 7.9M | 31.8M | 75.3M | 79.1M | Depreciation And Amortization | 98.4K | 848.9K | 3.0M | 3.2M |
Eightco Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Eightco Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Eightco Holdings' 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 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 17.24 | Revenue Per Share 18.032 | Quarterly Revenue Growth (0.40) | Return On Assets (0.07) | Return On Equity (1.79) |
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.