IRIDEX Stock Forecast - Accumulation Distribution
| IRIX Stock | USD 2.80 0.05 1.75% |
IRIDEX Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast IRIDEX stock prices and determine the direction of IRIDEX's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of IRIDEX's historical fundamentals, such as revenue growth or operating cash flow patterns. Although IRIDEX's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of IRIDEX's systematic risk associated with finding meaningful patterns of IRIDEX fundamentals over time.
Check out Historical Fundamental Analysis of IRIDEX to cross-verify your projections. IRIDEX |
Open Interest Against 2024-05-17 IRIDEX Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast IRIDEX's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in IRIDEX's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for IRIDEX stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current IRIDEX's open interest, investors have to compare it to IRIDEX's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of IRIDEX is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in IRIDEX. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in IRIDEX cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the IRIDEX's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets IRIDEX's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which IRIDEX is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of IRIDEX to determine if accumulation or reduction is taking place in the market. This value is adjusted by IRIDEX trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 283.23 | 129.15 |
| Check IRIDEX Volatility | Backtest IRIDEX | Trend Details |
IRIDEX Trading Date Momentum
| On March 08 2024 IRIDEX was traded for 2.61 at the closing time. The top price for the day was 2.62 and the lowest listed price was 2.55 . The trading volume for the day was 28.6 K. The trading history from March 8, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.14% . The trading delta at closing time against the current closing price is 3.03% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare IRIDEX to competition |
Other Forecasting Options for IRIDEX
For every potential investor in IRIDEX, whether a beginner or expert, IRIDEX's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. IRIDEX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in IRIDEX. Basic forecasting techniques help filter out the noise by identifying IRIDEX's price trends.IRIDEX Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IRIDEX stock to make a market-neutral strategy. Peer analysis of IRIDEX could also be used in its relative valuation, which is a method of valuing IRIDEX by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
IRIDEX Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of IRIDEX's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of IRIDEX's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
IRIDEX Market Strength Events
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 Risk Indicators
The analysis of IRIDEX's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in IRIDEX's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting iridex stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.01 | |||
| Semi Deviation | 3.64 | |||
| Standard Deviation | 4.31 | |||
| Variance | 18.58 | |||
| Downside Variance | 14.7 | |||
| Semi Variance | 13.25 | |||
| Expected Short fall | (3.09) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 IRIDEX 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, IRIDEX's short interest history, or implied volatility extrapolated from IRIDEX options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of IRIDEX to cross-verify your projections. For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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 (0.59) | Revenue Per Share 3.216 | Quarterly Revenue Growth (0.18) | Return On Assets (0.16) | Return On Equity (0.72) |
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.