Eightco Holdings Stock Market Value
| OCTO Stock | 1.47 0.03 2.08% |
| Symbol | Eightco |
Eightco Holdings Price To Book Ratio
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.
Eightco Holdings 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eightco Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eightco Holdings.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Eightco Holdings on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Eightco Holdings or generate 0.0% return on investment in Eightco Holdings over 30 days. Eightco Holdings is related to or competes with Ardagh Metal, Avery Dennison, Amcor PLC, Packaging Corp, O I, Silgan Holdings, and Sonoco Products. Eightco Holdings is entity of United States More
Eightco Holdings Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eightco Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eightco Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 64.79 | |||
| Value At Risk | (9.57) | |||
| Potential Upside | 16.44 |
Eightco Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eightco Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eightco Holdings' standard deviation. In reality, there are many statistical measures that can use Eightco Holdings historical prices to predict the future Eightco Holdings' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.07) |
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 Backtested Returns
Eightco Holdings secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Eightco Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eightco Holdings' Standard Deviation of 9.36, variance of 87.58, and Mean Deviation of 5.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.26, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eightco Holdings will likely underperform. At this point, Eightco Holdings has a negative expected return of -0.87%. Please make sure to confirm Eightco Holdings' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Eightco Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Eightco Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Eightco Holdings time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eightco Holdings price movement. The serial correlation of -0.46 indicates that about 46.0% of current Eightco Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Eightco Holdings lagged returns against current returns
Autocorrelation, which is Eightco Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eightco Holdings' stock expected returns. We can calculate the autocorrelation of Eightco Holdings returns to help us make a trade decision. For example, suppose you find that Eightco Holdings has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eightco Holdings regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eightco Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eightco Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eightco Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Eightco Holdings Lagged Returns
When evaluating Eightco Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eightco Holdings stock have on its future price. Eightco Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eightco Holdings autocorrelation shows the relationship between Eightco Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Eightco Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Eightco Holdings
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 Eightco Holdings 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 Eightco Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Eightco Stock
Moving against Eightco Stock
| 0.66 | KRT | Karat Packaging | PairCorr |
| 0.65 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.6 | IP | International Paper | PairCorr |
| 0.57 | DRVN | Driven Brands Holdings | PairCorr |
| 0.55 | SW | Smurfit WestRock plc | PairCorr |
The ability to find closely correlated positions to Eightco Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eightco Holdings 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 Eightco Holdings - 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 Eightco Holdings to buy it.
The correlation of Eightco Holdings 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 Eightco Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eightco Holdings 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 Eightco Holdings 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 Eightco Holdings Correlation, Eightco Holdings Volatility and Eightco Holdings Alpha and Beta module to complement your research on Eightco Holdings. To learn how to invest in Eightco Stock, please use our How to Invest in Eightco Holdings guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Eightco Holdings 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.