Correlation
The correlation between IRMD and SYK is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
IRMD vs. SYK
Compare and contrast key facts about IRadimed Corporation (IRMD) and Stryker Corporation (SYK).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRMD or SYK.
Performance
IRMD vs. SYK - Performance Comparison
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Key characteristics
IRMD:
1.21
SYK:
0.61
IRMD:
1.78
SYK:
1.00
IRMD:
1.22
SYK:
1.13
IRMD:
1.62
SYK:
0.89
IRMD:
3.96
SYK:
2.72
IRMD:
9.05%
SYK:
5.08%
IRMD:
32.60%
SYK:
22.09%
IRMD:
-75.83%
SYK:
-58.63%
IRMD:
-7.07%
SYK:
-4.10%
Fundamentals
IRMD:
$739.26M
SYK:
$146.12B
IRMD:
$1.55
SYK:
$7.46
IRMD:
37.51
SYK:
51.25
IRMD:
4.46
SYK:
0.50
IRMD:
9.84
SYK:
6.29
IRMD:
8.21
SYK:
6.98
IRMD:
$75.15M
SYK:
$23.22B
IRMD:
$57.80M
SYK:
$14.76B
IRMD:
$22.77M
SYK:
$5.32B
Returns By Period
In the year-to-date period, IRMD achieves a 5.89% return, which is significantly lower than SYK's 6.52% return. Over the past 10 years, IRMD has underperformed SYK with an annualized return of 12.16%, while SYK has yielded a comparatively higher 16.16% annualized return.
IRMD
5.89%
10.78%
7.99%
39.12%
23.42%
21.95%
12.16%
SYK
6.52%
2.33%
-1.97%
13.41%
19.00%
15.58%
16.16%
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Risk-Adjusted Performance
IRMD vs. SYK — Risk-Adjusted Performance Rank
IRMD
SYK
IRMD vs. SYK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IRadimed Corporation (IRMD) and Stryker Corporation (SYK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
IRMD vs. SYK - Dividend Comparison
IRMD's dividend yield for the trailing twelve months is around 1.11%, more than SYK's 0.86% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
IRMD IRadimed Corporation | 1.11% | 0.82% | 3.54% | 3.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYK Stryker Corporation | 0.86% | 0.90% | 1.02% | 1.16% | 0.97% | 0.96% | 1.02% | 1.23% | 1.13% | 1.31% | 1.52% | 1.34% |
Drawdowns
IRMD vs. SYK - Drawdown Comparison
The maximum IRMD drawdown since its inception was -75.83%, which is greater than SYK's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for IRMD and SYK.
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Volatility
IRMD vs. SYK - Volatility Comparison
IRadimed Corporation (IRMD) has a higher volatility of 14.69% compared to Stryker Corporation (SYK) at 5.15%. This indicates that IRMD's price experiences larger fluctuations and is considered to be riskier than SYK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
IRMD vs. SYK - Financials Comparison
This section allows you to compare key financial metrics between IRadimed Corporation and Stryker Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
IRMD vs. SYK - Profitability Comparison
IRMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, IRadimed Corporation reported a gross profit of 14.84M and revenue of 19.51M. Therefore, the gross margin over that period was 76.1%.
SYK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Stryker Corporation reported a gross profit of 3.74B and revenue of 5.87B. Therefore, the gross margin over that period was 63.8%.
IRMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, IRadimed Corporation reported an operating income of 5.43M and revenue of 19.51M, resulting in an operating margin of 27.8%.
SYK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Stryker Corporation reported an operating income of 837.00M and revenue of 5.87B, resulting in an operating margin of 14.3%.
IRMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, IRadimed Corporation reported a net income of 4.69M and revenue of 19.51M, resulting in a net margin of 24.0%.
SYK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Stryker Corporation reported a net income of 654.00M and revenue of 5.87B, resulting in a net margin of 11.2%.