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Integer Holdings Corporation Risk Points versus Health Care




Integer Holdings Corporation (NYSE:ITGR) Risk Points versus Health Care (XLV)

Date Published:


PREFACE
This is a scatter plot analysis of the critical risk points from the option market for Integer Holdings Corporation (NYSE:ITGR) compared to its own past and the Health Care ETF. In order to examine the forward looking risk for Integer Holdings Corporation (NYSE:ITGR) the next 30-days, we must look to the option market.

Now, before we dive into the analysis on ITGR, we make one critical note since we're talking about options:



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In the "Why This Matters" section at the end of this article on Integer Holdings Corporation (NYSE:ITGR) , we're going to take a step back and show in great specificity that there is actually a lot less "luck" in successful option trading than many people know.

But that's at the end, now let's jump back into the risk point charting and number crunching for Integer Holdings Corporation (NYSE:ITGR) . We start by noting that ITGR is in the healthcare equipment and services sector which means along with some other industries we also compare the company to the closest match we could find, which was the Health Care ETF (XLV) as a proxy for Integer Holdings Corporation.

We have highlighted the IV30® for XLV and for ITGR in the table below.


SNAPSHOT SUMMARY
CONTEXT: THE INDICES
S&P 500 (SPY) IV30     11.15%
Nasdaq 100 (QQQ) IV30     12.44%
Health Care ETF (XLV) IV30     11.89%
Biotech (IBB) IV30     18.5%


Integer Holdings Corporation (NYSE:ITGR)
ITGR 52 Week Low IV30     31.67%
ITGR Current IV30     52.78%
ITGR 52 Week High IV30     65.19%

ITGR Current HV30     41.54%

Integer Holdings Corporation Implied Risk Scatter Plot
(a new risk chart, built for option traders)



Scatter Plot Risk Legend
The blue point is the current 30-day implied volatility for Integer Holdings Corporation.
The black point is the current 30-day implied volatility for the Health Care ETF (XLV).
The red point is the 52 week low in IV30® for Integer Holdings Corporation.
The green point is the 52 week high in IV30® for Integer Holdings Corporation.

The various other scatter plot points in the middle give us risk context outside of the healthcare equipment and services sector.

The IV30® is the risk reflected by the option market in the stock price for the next 30 calendar days.

* We can see that the risk as reflected by the option market for the next 30-days for Integer Holdings Corporation is above all the indices we have charted including the Health Care ETF (XLV).

* We can further see that the current IV30 for Integer Holdings Corporation of 52.78% is closer to the annual high of 65.19% than the annual low of 31.67%. Simply stated, this means that the option market is pricing less risk than the average over the past year.

* For some context, we note that the annual range in IV30® for the Health Care ETF is between [10.43%, 23.51%] while Integer Holdings Corporation has had a range of [31.67%, 65.19%].

Get this same analysis on any ticker here:


A New Kind of Risk Point Chart
This is chart was developed for the trader. It allows us to easily see where the forward looking risk for Integer Holdings Corporation (NYSE:ITGR) lies relative to the last year, and the various major stock groupings and the Healthcare Equipment and Services sector without using time series data, which can confuse the information.