Iridex Stock Chance of Future Stock Price Finishing Over 2.72
IRIX Stock | USD 2.43 0.04 1.62% |
Closest to current price IRIDEX long PUT Option Payoff at Expiration
IRIDEX |
IRIDEX Target Price Odds to finish over 2.72
The tendency of IRIDEX 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 over $ 2.72 or more in 90 days |
2.43 | 90 days | 2.72 | about 59.54 |
Based on a normal probability distribution, the odds of IRIDEX to move over $ 2.72 or more in 90 days from now is about 59.54 (This IRIDEX probability density function shows the probability of IRIDEX Stock to fall within a particular range of prices over 90 days) . Probability of IRIDEX price to stay between its current price of $ 2.43 and $ 2.72 at the end of the 90-day period is about 29.74 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.71 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, IRIDEX will likely underperform. Additionally IRIDEX has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. IRIDEX Price Density |
Price |
Predictive Modules for IRIDEX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as IRIDEX. 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 IRIDEX'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.
IRIDEX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. IRIDEX is not an exception. The market had few large corrections towards the IRIDEX'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 IRIDEX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of IRIDEX within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.07 | |
β | Beta against NYSE Composite | 1.71 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | -0.0099 |
IRIDEX 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 IRIDEX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for IRIDEX can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.IRIDEX generated a negative expected return over the last 90 days | |
IRIDEX has high historical volatility and very poor performance | |
The company reported the previous year's revenue of 51.87 M. Net Loss for the year was (9.57 M) with profit before overhead, payroll, taxes, and interest of 25.37 M. | |
IRIDEX currently holds about 17.97 M in cash with (6.75 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.12. | |
Roughly 25.0% of the company shares are held by company insiders | |
Latest headline from news.google.com: Investment Analysts Recent Ratings Changes for IRIDEX - Defense World |
IRIDEX 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 IRIDEX Stock often depends not only on the future outlook of the current and potential IRIDEX'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. IRIDEX's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 16.1 M | |
Cash And Short Term Investments | 7 M |
IRIDEX Technical Analysis
IRIDEX's future price can be derived by breaking down and analyzing its technical indicators over time. IRIDEX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of IRIDEX. In general, you should focus on analyzing IRIDEX Stock price patterns and their correlations with different microeconomic environments and drivers.
IRIDEX Predictive Forecast Models
IRIDEX's time-series forecasting models is one of many IRIDEX'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 IRIDEX'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 IRIDEX
Checking the ongoing alerts about IRIDEX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for IRIDEX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
IRIDEX generated a negative expected return over the last 90 days | |
IRIDEX has high historical volatility and very poor performance | |
The company reported the previous year's revenue of 51.87 M. Net Loss for the year was (9.57 M) with profit before overhead, payroll, taxes, and interest of 25.37 M. | |
IRIDEX currently holds about 17.97 M in cash with (6.75 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.12. | |
Roughly 25.0% of the company shares are held by company insiders | |
Latest headline from news.google.com: Investment Analysts Recent Ratings Changes for IRIDEX - Defense World |
Check out IRIDEX Backtesting, IRIDEX Valuation, IRIDEX Correlation, IRIDEX Hype Analysis, IRIDEX Volatility, IRIDEX History as well as IRIDEX Performance. For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary 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.
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Is IRIDEX'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 IRIDEX. If investors know IRIDEX 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 IRIDEX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.67) | Revenue Per Share 3.083 | Quarterly Revenue Growth (0.14) | Return On Assets (0.18) | Return On Equity (0.98) |
The market value of IRIDEX is measured differently than its book value, which is the value of IRIDEX that is recorded on the company's balance sheet. Investors also form their own opinion of IRIDEX's value that differs from its market value or its book value, called intrinsic value, which is IRIDEX'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 IRIDEX's market value can be influenced by many factors that don't directly affect IRIDEX'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 IRIDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if IRIDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRIDEX'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.