| IRIX Stock | | | USD 1.80 0.03 1.69% |
IRIDEX financial indicator trend analysis is infinitely more than just investigating IRIDEX recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IRIDEX is a good investment. Please check the relationship between IRIDEX Change In Cash and its Depreciation accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IRIDEX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy IRIDEX Stock please use our
How to Invest in IRIDEX guide.
Change In Cash vs Depreciation
Change In Cash vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
IRIDEX Change In Cash account and
Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between IRIDEX's Change In Cash and Depreciation is -0.45. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Depreciation in the same time period over historical financial statements of IRIDEX, assuming nothing else is changed. The correlation between historical values of IRIDEX's Change In Cash and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of IRIDEX are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Cash i.e., IRIDEX's Change In Cash and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Change In Cash
Depreciation
Depreciation indicates how much of IRIDEX value has been used up. For tax purposes IRIDEX can deduct the cost of the tangible assets it purchases as business expenses. However, IRIDEX must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from IRIDEX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IRIDEX current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IRIDEX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy IRIDEX Stock please use our
How to Invest in IRIDEX guide.
Selling General Administrative is likely to drop to about 8.2
M in 2024.
Discontinued Operations is likely to drop to about 375.2
K in 2024
IRIDEX fundamental ratios Correlations
Click cells to compare fundamentals
IRIDEX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IRIDEX fundamental ratios Accounts
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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.
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.