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IRIX Stock Analysis

Data source: Trade-Ideas Alerts | 1 alerts analyzed | Backtest period: 2023-11-01 → 2023-11-01

⚠️ Small sample size (1 alerts). Statistics may have high variance. Interpret with caution.

🏢 Company Profile

📍 NASDAQ 📅 IPO: Feb 16, 1996 🔗 www.iridex.com
💰 Market Cap: $26.1M 👥 Employees: 120
IRIDEX Corp is involved in the business of developing, manufacturing, and marketing laser-based medical systems, delivery devices, and consumable instrumentation for ophthalmology. Its products include Lasers, Laser delivery devices, Glaucoma devices, Retinal surgical instruments, and Veterinary and ENT products. The firm also powers its products with its proprietary Micropulse technology. The company operates in only one reportable segment, Ophthalmology. It derives revenues from the sale of consoles, delivery devices, consumables, services, and support activities. The geographical segments of the company include the United States, which drives maximum revenue, Europe, and the Americas, excluding the U.S. and Asia/Pacific Rim.
📊
1
Total Alerts
🎯
100.0%
Win Rate (EOD)
💰
+1.90%
Avg Gain (EOD)
🚀
+11.90%
Avg MFE (Max Potential)

📈 Performance by Timeframe

5MIN

Win Rate: 0.0%
Avg Gain: -13.33%
Avg Winner: +0.00%
Avg Loser: -13.33%
Best: -13.33%
Worst: -13.33%
Trades: 0/1

15MIN

Win Rate: 0.0%
Avg Gain: -20.14%
Avg Winner: +0.00%
Avg Loser: -20.14%
Best: -20.14%
Worst: -20.14%
Trades: 0/1

30MIN

Win Rate: 0.0%
Avg Gain: -17.16%
Avg Winner: +0.00%
Avg Loser: -17.16%
Best: -17.16%
Worst: -17.16%
Trades: 0/1

60MIN

Win Rate: 0.0%
Avg Gain: -10.48%
Avg Winner: +0.00%
Avg Loser: -10.48%
Best: -10.48%
Worst: -10.48%
Trades: 0/1

EOD (End of Day)

Win Rate: 100.0%
Avg Gain: +1.90%
Avg Winner: +1.90%
Avg Loser: +0.00%
Best: +1.90%
Worst: +1.90%
Trades: 1/0

🚀 Max Favorable / Adverse Excursion (MFE/MAE)

Institutional-grade metrics showing the maximum profit potential and risk for each alert.

📈 MFE (Max Profit Potential)

Average MFE: +11.90%
Best MFE: +11.90%
Avg Time to MFE: 161 min

On average, IRIX alerts reach +11.90% profit potential within 161 minutes.

📉 MAE (Max Drawdown Risk)

Average MAE: -22.38%
Worst MAE: -22.38%
Avg Time to MAE: 14 min

Before reaching MFE, expect an average drawdown of 22.38%.

⚖️ Risk/Reward Ratio

0.53:1

Challenging risk/reward - consider tighter stops.

💡 Trading Insight: Based on 1 alerts, IRIX typically reaches +11.90% profit before pulling back. Consider setting profit targets around 9.5% to capture most of the move.

🌅 Premarket Gap Analysis (9:25 → 9:30)

Total Gaps Analyzed 1
Gap Up % 100.0%
Avg Gap +0.48%
Best Gap +0.48%

🏭 Sector Comparison: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS

How IRIX compares to 17 other tickers in the same sector.

5-Min Gain
IRIX: -13.33% Sector: -0.30% -13.03%
EOD Gain
IRIX: +1.90% Sector: +884236.30% -884234.40%
Avg MFE
IRIX: +11.90% Sector: +9.64% +2.26%

📋 Last 20 Alerts

Historical IRIX alerts with performance metrics calculated from 1-minute price data. Each row shows the actual price movement at different timeframes after the alert.

Date Time Price 5min 15min 30min 60min EOD MFE MAE Gap Result
2023-11-01 09:28:00 $2.1 -13.33% -20.14% -17.16% -10.48% +1.90% +11.90% -22.38% +0.48% LOSS

Table Metrics Explained:

  • 5min/15min/30min/60min/EOD: Price change at each timeframe (calculated from real minute-by-minute data)
  • MFE: Maximum Favorable Excursion - highest profit potential reached during the day
  • MAE: Maximum Adverse Excursion - worst drawdown experienced before reaching MFE
  • Gap: Premarket price gap from 9:25 AM to 9:30 AM market open
  • Result: WIN if 5min change > 0%, LOSS otherwise

🚀 Beat the 100.0% Baseline on IRIX

The 100.0% win rate is just the raw starting point. Launch the app to apply filters (Volume, RSI, Time) and see if you can push IRIX's performance to 75%+.

Optimize IRIX Strategy →

Why Analyze IRIX with FILTRIX?

🛡️ Realistic Entry Simulation

We don't inflate stats. Our analysis tracks only the first alert of the day for IRIX. This simulates a true "Gap & Go" entry at pre-market hours (9:25-9:30 AM), avoiding the trap of chasing a stock that has already extended.

💰 Max Potential (MFE) Analysis

How much is left in the move? On winning days, IRIX historically offers an average upside of +11.90% intraday. Our data helps you distinguish between a quick scalp and a runner.

📊 IRIX Momentum Personality

With a baseline win rate of 100.0%, IRIX shows strong follow-through, making it a prime candidate for momentum strategies.

⏱️ Optimized Exit Timing

Don't guess when to sell. Our backtests show IRIX performs best on the EOD (End of Day) timeframe (Avg Gain: +1.90%), signaling that gains often fade later in the session.