Irhythm Technologies Stock Market Value
| IRTC Stock | USD 107.74 2.60 2.36% |
| Symbol | IRhythm |
Is Medical Equipment 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 IRhythm Technologies. If investors know IRhythm 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 IRhythm Technologies 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 iRhythm Technologies is measured differently than its book value, which is the value of IRhythm that is recorded on the company's balance sheet. Investors also form their own opinion of IRhythm Technologies' value that differs from its market value or its book value, called intrinsic value, which is IRhythm Technologies' 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 IRhythm Technologies' market value can be influenced by many factors that don't directly affect IRhythm Technologies' 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 IRhythm Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if IRhythm Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRhythm Technologies' 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.
IRhythm Technologies '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 IRhythm Technologies' 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 IRhythm Technologies.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in IRhythm Technologies on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding iRhythm Technologies or generate 0.0% return on investment in IRhythm Technologies over 720 days. IRhythm Technologies is related to or competes with Integer Holdings, CONMED, LivaNova PLC, Orthopediatrics Corp, Neuropace, Electromed, and SurModics. iRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram monitoring products for ... More
IRhythm Technologies 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 IRhythm Technologies' 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 iRhythm Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.1272 | |||
| Maximum Drawdown | 17.47 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 5.05 |
IRhythm Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IRhythm Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IRhythm Technologies' standard deviation. In reality, there are many statistical measures that can use IRhythm Technologies historical prices to predict the future IRhythm Technologies' volatility.| Risk Adjusted Performance | 0.1389 | |||
| Jensen Alpha | 0.3672 | |||
| Total Risk Alpha | 0.1545 | |||
| Sortino Ratio | 0.1447 | |||
| Treynor Ratio | 0.3206 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IRhythm Technologies' 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.
iRhythm Technologies Backtested Returns
IRhythm Technologies appears to be very steady, given 3 months investment horizon. iRhythm Technologies holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16 % return per unit of risk over the last 3 months. By evaluating IRhythm Technologies' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize IRhythm Technologies' Downside Deviation of 2.91, risk adjusted performance of 0.1389, and Market Risk Adjusted Performance of 0.3306 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IRhythm Technologies holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 1.59, which attests to 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, IRhythm Technologies will likely underperform. Please check IRhythm Technologies' semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether IRhythm Technologies' current trending patterns will revert.
Auto-correlation | 0.73 |
Good predictability
iRhythm Technologies has good predictability. Overlapping area represents the amount of predictability between IRhythm Technologies time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of iRhythm Technologies price movement. The serial correlation of 0.73 indicates that around 73.0% of current IRhythm Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 286.68 |
iRhythm Technologies lagged returns against current returns
Autocorrelation, which is IRhythm Technologies 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 IRhythm Technologies' stock expected returns. We can calculate the autocorrelation of IRhythm Technologies returns to help us make a trade decision. For example, suppose you find that IRhythm Technologies 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 |
IRhythm Technologies 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 IRhythm Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IRhythm Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IRhythm Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
IRhythm Technologies Lagged Returns
When evaluating IRhythm Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IRhythm Technologies stock have on its future price. IRhythm Technologies 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, IRhythm Technologies autocorrelation shows the relationship between IRhythm Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in iRhythm Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether iRhythm Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IRhythm Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Irhythm Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Irhythm Technologies Stock:Check out IRhythm Technologies Correlation, IRhythm Technologies Volatility and IRhythm Technologies Alpha and Beta module to complement your research on IRhythm Technologies. For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
IRhythm Technologies 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.