Eightco Holdings Stock Equity Positions Weight
| OCTO Stock | 1.59 0.11 6.47% |
Eightco Holdings fundamentals help investors to digest information that contributes to Eightco Holdings' financial success or failures. It also enables traders to predict the movement of Eightco Stock. The fundamental analysis module provides a way to measure Eightco Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eightco Holdings stock.
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Eightco Holdings Company Equity Positions Weight Analysis
Eightco Holdings' Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, Eightco Holdings has an Equity Positions Weight of 0.0%. This indicator is about the same for the Metals & Mining average (which is currently at 0.0) sector and about the same as Materials (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
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Eightco Fundamentals
| Return On Equity | -0.32 | ||||
| Return On Asset | -0.0743 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | (0.24) % | ||||
| Current Valuation | 29.54 M | ||||
| Shares Outstanding | 2.44 M | ||||
| Shares Owned By Insiders | 16.55 % | ||||
| Shares Owned By Institutions | 2.69 % | ||||
| Number Of Shares Shorted | 31.22 K | ||||
| Price To Book | 0.32 X | ||||
| Price To Sales | 0.07 X | ||||
| Revenue | 75.3 M | ||||
| Gross Profit | 2.19 M | ||||
| EBITDA | (53.72 M) | ||||
| Net Income | (68.32 M) | ||||
| Total Debt | 36.9 M | ||||
| Book Value Per Share | (4.18) X | ||||
| Cash Flow From Operations | (6.4 M) | ||||
| Short Ratio | 0.09 X | ||||
| Earnings Per Share | 12.29 X | ||||
| Number Of Employees | 22 | ||||
| Beta | 1.8 | ||||
| Market Capitalization | 4.15 M | ||||
| Total Asset | 55.41 M | ||||
| Retained Earnings | (113.28 M) | ||||
| Working Capital | (25.43 M) | ||||
| Net Asset | 55.41 M |
About Eightco Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eightco Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eightco Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eightco Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.53 | IP | International Paper | PairCorr |
| 0.53 | BERY | Berry Global Group | PairCorr |
| 0.52 | SW | Smurfit WestRock plc | PairCorr |
| 0.52 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.5 | KRT | Karat Packaging | 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 Piotroski F Score and Eightco Holdings Altman Z Score analysis. To learn how to invest in Eightco Stock, please use our How to Invest in Eightco Holdings guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.
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.