Eightco Holdings Stock Probability of Future Stock Price Finishing Under 10.5
| OCTO Stock | 1.49 0.02 1.36% |
Eightco |
Eightco Holdings Target Price Odds to finish below 10.5
The tendency of Eightco Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 10.50 after 90 days |
| 1.49 | 90 days | 10.50 | close to 99 |
Based on a normal probability distribution, the odds of Eightco Holdings to stay under 10.50 after 90 days from now is close to 99 (This Eightco Holdings probability density function shows the probability of Eightco Stock to fall within a particular range of prices over 90 days) . Probability of Eightco Holdings price to stay between its current price of 1.49 and 10.50 at the end of the 90-day period is about 91.69 .
Given the investment horizon of 90 days Eightco Holdings has a beta of 0.35. This indicates as returns on the market go up, Eightco Holdings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eightco Holdings will be expected to be much smaller as well. Additionally Eightco Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Eightco Holdings Price Density |
| Price |
Predictive Modules for Eightco Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eightco Holdings. 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 Eightco Holdings' 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.
Eightco Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eightco Holdings is not an exception. The market had few large corrections towards the Eightco Holdings' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Eightco Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eightco Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | 0.35 | |
σ | Overall volatility | 0.39 | |
Ir | Information ratio | -0.02 |
Eightco Holdings Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Eightco Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eightco Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eightco Holdings generated a negative expected return over the last 90 days | |
| Eightco Holdings has high historical volatility and very poor performance | |
| Eightco Holdings may become a speculative penny stock | |
| Eightco Holdings has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 75.3 M. Net Loss for the year was (68.32 M) with profit before overhead, payroll, taxes, and interest of 2.19 M. | |
| Eightco Holdings generates negative cash flow from operations | |
| About 17.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Eightco Completes Non-Dilutive Capital Raise and Second Debt Extension |
Eightco Holdings Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Eightco Stock often depends not only on the future outlook of the current and potential Eightco Holdings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Eightco Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 578.2 K | |
| Dividends Paid | 98 K | |
| Cash And Short Term Investments | 5.2 M | |
| Shares Float | 1.6 M |
Eightco Holdings Technical Analysis
Eightco Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Eightco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eightco Holdings. In general, you should focus on analyzing Eightco Stock price patterns and their correlations with different microeconomic environments and drivers.
Eightco Holdings Predictive Forecast Models
Eightco Holdings' time-series forecasting models is one of many Eightco Holdings' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Eightco Holdings' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Eightco Holdings
Checking the ongoing alerts about Eightco Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eightco Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eightco Holdings generated a negative expected return over the last 90 days | |
| Eightco Holdings has high historical volatility and very poor performance | |
| Eightco Holdings may become a speculative penny stock | |
| Eightco Holdings has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 75.3 M. Net Loss for the year was (68.32 M) with profit before overhead, payroll, taxes, and interest of 2.19 M. | |
| Eightco Holdings generates negative cash flow from operations | |
| About 17.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Eightco Completes Non-Dilutive Capital Raise and Second Debt Extension |
Check out Eightco Holdings Backtesting, Eightco Holdings Valuation, Eightco Holdings Correlation, Eightco Holdings Hype Analysis, Eightco Holdings Volatility, Eightco Holdings History as well as Eightco Holdings Performance. To learn how to invest in Eightco Stock, please use our How to Invest in Eightco Holdings guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.