8x8 Common Stock Stock Probability of Future Stock Price Finishing Over 2.27
| EGHT Stock | USD 2.27 0.05 2.16% |
Closest to current price 8x8 long CALL Option Payoff at Expiration
8x8 |
8x8 Common Target Price Odds to finish over 2.27
The tendency of 8x8 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 move above the current price in 90 days |
| 2.27 | 90 days | 2.27 | about 90.07 |
Based on a normal probability distribution, the odds of 8x8 Common to move above the current price in 90 days from now is about 90.07 (This 8x8 Common Stock probability density function shows the probability of 8x8 Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.21 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 8x8 Common will likely underperform. Additionally 8x8 Common Stock has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. 8x8 Common Price Density |
| Price |
Predictive Modules for 8x8 Common
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 8x8 Common Stock. 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 8x8 Common's 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.
8x8 Common Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 8x8 Common is not an exception. The market had few large corrections towards the 8x8 Common's 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 8x8 Common Stock, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 8x8 Common within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.75 | |
β | Beta against NYSE Composite | 2.21 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.15 |
8x8 Common 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 8x8 Common for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 8x8 Common Stock can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 8x8 Common Stock generated a negative expected return over the last 90 days | |
| 8x8 Common Stock has high historical volatility and very poor performance | |
| 8x8 Common Stock has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 743.94 M. Net Loss for the year was (73.14 M) with profit before overhead, payroll, taxes, and interest of 390.57 M. | |
| 8x8 Common Stock has a poor financial position based on the latest SEC disclosures | |
| Over 93.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: 8x8s Latest Platform Innovations Enable Organizations to Bridge Customer Experience Gaps and Deliver Superior End-to-end Customer Engagement |
8x8 Common 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 8x8 Stock often depends not only on the future outlook of the current and potential 8x8 Common's 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. 8x8 Common's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 116 M | |
| Cash And Short Term Investments | 137.6 M |
8x8 Common Technical Analysis
8x8 Common's future price can be derived by breaking down and analyzing its technical indicators over time. 8x8 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 8x8 Common Stock. In general, you should focus on analyzing 8x8 Stock price patterns and their correlations with different microeconomic environments and drivers.
8x8 Common Predictive Forecast Models
8x8 Common's time-series forecasting models is one of many 8x8 Common's 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 8x8 Common's 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 8x8 Common Stock
Checking the ongoing alerts about 8x8 Common for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 8x8 Common Stock help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 8x8 Common Stock generated a negative expected return over the last 90 days | |
| 8x8 Common Stock has high historical volatility and very poor performance | |
| 8x8 Common Stock has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 743.94 M. Net Loss for the year was (73.14 M) with profit before overhead, payroll, taxes, and interest of 390.57 M. | |
| 8x8 Common Stock has a poor financial position based on the latest SEC disclosures | |
| Over 93.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: 8x8s Latest Platform Innovations Enable Organizations to Bridge Customer Experience Gaps and Deliver Superior End-to-end Customer Engagement |
Check out 8x8 Common Backtesting, 8x8 Common Valuation, 8x8 Common Correlation, 8x8 Common Hype Analysis, 8x8 Common Volatility, 8x8 Common History as well as 8x8 Common Performance. 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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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.