8x8 Return On Assets from 2010 to 2024
| EGHT Stock | USD 2.32 0.12 5.45% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter (0.08) | Current Value (0.08) | Quarterly Volatility 0.33086014 |
Check 8x8 Common financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among 8x8 main balance sheet or income statement drivers, such as Depreciation And Amortization of 63.1 M, Interest Expense of 4.9 M or Total Revenue of 898.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.71, Dividend Yield of 0.0097 or PTB Ratio of 5.06. 8x8 financial statements analysis is a perfect complement when working with 8x8 Common Valuation or Volatility modules.
8x8 | Return On Assets |
Latest 8x8 Common's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of 8x8 Common Stock over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. 8x8 Common's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in 8x8 Common's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
|
Return On Assets |
| Timeline |
8x8 Return On Assets Regression Statistics
| Arithmetic Mean | (0.13) | |
| Coefficient Of Variation | (256.45) | |
| Mean Deviation | 0.20 | |
| Median | (0.08) | |
| Standard Deviation | 0.33 | |
| Sample Variance | 0.11 | |
| Range | 1.6004 | |
| R-Value | 0.01 | |
| Mean Square Error | 0.12 | |
| R-Squared | 0.0001 | |
| Significance | 0.97 | |
| Slope | 0.0008 | |
| Total Sum of Squares | 1.53 |
8x8 Return On Assets History
About 8x8 Common Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include 8x8 Common income statement, its balance sheet, and the statement of cash flows. 8x8 Common investors use historical funamental indicators, such as 8x8 Common's Return On Assets, to determine how well the company is positioned to perform in the future. Although 8x8 Common investors may use each financial statement separately, they are all related. The changes in 8x8 Common's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on 8x8 Common's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on 8x8 Common Financial Statements. Understanding these patterns can help to make the right decision on long term investment in 8x8 Common. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | (0.08) | (0.08) |
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
| 0.62 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.73 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against 8x8 Stock
| 0.54 | ML | MoneyLion Financial Report 14th of May 2024 | 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 the analysis of 8x8 Common Correlation against competitors. 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for 8x8 Stock analysis
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.