Iridex Stock Price on May 31, 2024
IRIX Stock | USD 1.79 0.01 0.56% |
If you're considering investing in IRIDEX Stock, it is important to understand the factors that can impact its price. As of today, the current price of IRIDEX stands at 1.79, as last reported on the 29th of November, with the highest price reaching 1.81 and the lowest price hitting 1.77 during the day. IRIDEX holds Efficiency (Sharpe) Ratio of -0.0096, which attests that the entity had a -0.0096% return per unit of risk over the last 3 months. IRIDEX exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IRIDEX's Coefficient Of Variation of (10,400), risk adjusted performance of 0.0012, and Market Risk Adjusted Performance of (0.07) to validate the risk estimate we provide.
IRIDEX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IRIDEX |
Sharpe Ratio = -0.0096
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Estimated Market Risk
5.21 actual daily | 46 54% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IRIDEX is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IRIDEX by adding IRIDEX to a well-diversified portfolio.
Related Headline
Rxsight Headline on 31st of May 2024
Disposition of 5000 shares by Ilya Goldshleger of Rxsight at... by Ilya Goldshleger
Filed transaction by Rxsight Officer Chief Operating Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
IRIDEX Valuation on May 31, 2024
It is possible to determine the worth of IRIDEX on a given historical date. On May 31, 2024 IRIDEX was worth 2.45 at the beginning of the trading date compared to the closed value of 2.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IRIDEX stock. Still, in general, we apply an absolute valuation method to find IRIDEX's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IRIDEX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IRIDEX's related companies.
Open | High | Low | Close | Volume | |
2.56 | 2.56 | 2.47 | 2.47 | 11,045 | |
05/31/2024 | 2.45 | 2.54 | 2.43 | 2.43 | 9,251 |
2.43 | 2.50 | 2.37 | 2.41 | 10,719 |
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IRIDEX Trading Date Momentum on May 31, 2024
On June 03 2024 IRIDEX was traded for 2.41 at the closing time. The top price for the day was 2.50 and the lowest listed price was 2.37 . The trading volume for the day was 10.7 K. The trading history from June 3, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.82% . The trading delta at closing time against the current closing price is 4.94% . |
IRIDEX Fundamentals Correlations and Trends
By evaluating IRIDEX's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IRIDEX's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IRIDEX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IRIDEX Stock history
IRIDEX investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for IRIDEX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IRIDEX will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IRIDEX stock prices may prove useful in developing a viable investing in IRIDEX
IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. IRIDEX Corporation was incorporated in 1989 and is headquartered in Mountain View, California. Iridex Cp operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 119 people.
IRIDEX Stock Technical Analysis
IRIDEX 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.
Price Boundaries
IRIDEX Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
IRIDEX cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
IRIDEX November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how IRIDEX stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IRIDEX shares will generate the highest return on investment. By undertsting and applying IRIDEX stock market strength indicators, traders can identify IRIDEX entry and exit signals to maximize returns
IRIDEX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IRIDEX's price direction in advance. Along with the technical and fundamental analysis of IRIDEX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of IRIDEX to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0012 | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.93) | |||
Treynor Ratio | (0.08) |
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Additional Tools for IRIDEX Stock Analysis
When running IRIDEX's price analysis, check to measure IRIDEX'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 IRIDEX is operating at the current time. Most of IRIDEX's value examination focuses on studying past and present price action to predict the probability of IRIDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRIDEX's price. Additionally, you may evaluate how the addition of IRIDEX to your portfolios can decrease your overall portfolio volatility.