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SGHT Stock Analysis

Data source: Trade-Ideas Alerts | 4 alerts analyzed | Backtest period: 2023-09-12 → 2024-04-03

⚠️ Small sample size (4 alerts). Statistics may have high variance. Interpret with caution.

🏢 Company Profile

Sight Sciences, Inc. Common Stock SURGICAL & MEDICAL INSTRUMENTS & APPARATUS (SIC 3841)
📍 NASDAQ 📅 IPO: Jul 15, 2021 🔗 www.sightsciences.com
💰 Market Cap: $318.3M 👥 Employees: 216
Sight Sciences Inc is an ophthalmic medical device company focused on the development and commercialization of surgical and nonsurgical technologies for the treatment of prevalent eye diseases. Its Surgical Glaucoma segment's product portfolio features the OMNI Surgical System, a device that facilitates the performance of both canaloplasty and trabeculotomy with a single device and single corneal incision to reduce intraocular pressure in adult patients with primary open-angle glaucoma. The company's Dry Eye segment's product portfolio consists of the TearCare System for ophthalmologists and optometrists. It derives key revenue from the Surgical Glaucoma segment.
📊
4
Total Alerts
🎯
50.0%
Win Rate (5MIN)
💰
-0.58%
Avg Gain (5MIN)
🚀
+10.24%
Avg MFE (Max Potential)

📈 Performance by Timeframe

5MIN

Win Rate: 50.0%
Avg Gain: -0.58%
Avg Winner: +1.39%
Avg Loser: -2.56%
Best: +2.09%
Worst: -4.13%
Trades: 2/2

15MIN

Win Rate: 25.0%
Avg Gain: -5.93%
Avg Winner: +2.08%
Avg Loser: -8.60%
Best: +2.08%
Worst: -15.87%
Trades: 1/3

30MIN

Win Rate: 25.0%
Avg Gain: -5.97%
Avg Winner: +1.38%
Avg Loser: -8.42%
Best: +1.38%
Worst: -11.19%
Trades: 1/3

60MIN

Win Rate: 0.0%
Avg Gain: -6.72%
Avg Winner: +0.00%
Avg Loser: -6.72%
Best: -3.17%
Worst: -11.71%
Trades: 0/4

EOD (End of Day)

Win Rate: 50.0%
Avg Gain: -0.23%
Avg Winner: +11.59%
Avg Loser: -12.06%
Best: +19.05%
Worst: -14.14%
Trades: 2/2

🚀 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: +10.24%
Best MFE: +21.43%
Avg Time to MFE: 152 min

On average, SGHT alerts reach +10.24% profit potential within 152 minutes.

📉 MAE (Max Drawdown Risk)

Average MAE: -10.71%
Worst MAE: -22.07%
Avg Time to MAE: 33 min

Before reaching MFE, expect an average drawdown of 10.71%.

⚖️ Risk/Reward Ratio

0.96:1

Challenging risk/reward - consider tighter stops.

💡 Trading Insight: Based on 4 alerts, SGHT typically reaches +10.24% profit before pulling back. Consider setting profit targets around 8.2% to capture most of the move.

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

Total Gaps Analyzed 4
Gap Up % 25.0%
Avg Gap +0.25%
Best Gap +2.07%

🏭 Sector Comparison: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS

How SGHT compares to 88 other tickers in the same sector.

5-Min Gain
SGHT: -0.58% Sector: -0.34% -0.24%
EOD Gain
SGHT: -0.23% Sector: +38960.46% -38960.70%
Avg MFE
SGHT: +10.24% Sector: +8.67% +1.57%

📋 Last 20 Alerts

Historical SGHT 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
2024-04-03 09:28:36 $5.81 -4.13% -7.06% -11.19% -11.71% -9.98% +2.07% -2.24% - LOSS
2023-10-30 09:26:00 $1.45 +0.69% +2.08% +1.38% -4.14% +4.14% +11.72% -22.07% +2.07% WIN
2023-10-27 09:26:00 $1.26 -0.98% -15.87% -7.93% -3.17% +19.05% +21.43% -17.46% -0.79% LOSS
2023-09-12 09:28:00 $3.82 +2.09% -2.88% -6.15% -7.85% -14.14% +5.76% -1.06% -0.26% WIN

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

⚠️ SGHT Shows Negative Expectancy

With 50.0% win rate and -0.58% average gain, SGHT alerts have historically faded. Use the app to find specific filters that might reverse this pattern, or consider SGHT for short-selling strategies.

📉 Turn Negative Expectancy Positive →

Why Analyze SGHT with FILTRIX?

🛡️ Realistic Entry Simulation

We don't inflate stats. Our analysis tracks only the first alert of the day for SGHT. 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, SGHT historically offers an average upside of +10.24% intraday. Our data helps you distinguish between a quick scalp and a runner.

📊 SGHT Momentum Personality

With a baseline win rate of 50.0%, SGHT shows negative momentum - the stock tends to fade after alerts. This pattern suggests SGHT may be better suited for contrarian strategies or avoiding altogether.

⏱️ Optimized Exit Timing

⚠️ Caution Advised: SGHT shows negative expectancy across all tested intraday timeframes (Best: 5MIN at -0.58%). This suggests SGHT is prone to fading after the open, making it a potential candidate for short-selling or quick scalps only.