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OIS Index

OIS Index Deep in Bear Territory in Q3

OIS Index Deep in Bear Territory in Q3

The OIS Index of ophthalmic stocks posted a miserable Q3 performance, led by the biopharmaceutical stocks in the index. The OIS Index (-12.0%) underperformed the NASDAQ Biotechnology Index (-8.8%), the overall US stock market as measured by the Russell 3000 Index (+0.7%), and a composite of US medical device stocks (+2.7%). Declining stocks in the…

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OIS Index Delivers Stellar First-Quarter 2019 Performance

OIS Index

The OIS Index of ophthalmic stocks solidly outperformed its market benchmarks in the first quarter of 2019, gaining 37.1%. During Q1, the overall US stock market, as measured by the Russell 3000 Index, gained 12.8%. The NASDAQ Biotechnology Index gained 15.4%, and a composite of US medical device stocks gained 15.9%. For the OIS Index,…

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OIS Index Follows the Stock Market Lower in December

OIS Index Follows the Stock Market Lower in December

The OIS Index declined 11% in December, marking the fourth month in a row in which ophthalmic stocks lost value. For the month, the overall US stock market as measured by the Russell 3000 Index declined 9.5% and the NASDAQ Biotechnology Index 11.3%. A composite of US medical device stocks slightly outperformed the other benchmarks,…

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Market Rebounds in November; OIS Index Does Not

OIS Index

The OIS Index of ophthalmic stocks declined by 2.3% in November on the heels of a 17.7% decline in October, failing to participate in the market rebound that lifted most stocks following the October sell-off. During November, the overall US stock market as measured by the Russell 3000 Index gained 1.8% following its 7.5% decline…

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OIS Index Follows Stock Market Lower in October

OIS Index

The OIS Index of ophthalmic stocks declined by 17.7% during the October market correction, which saw a 7.5% decline in the overall US stock market as measured by the Russell 3000 Index. Healthcare stocks underperformed in October: the NASDAQ Biotechnology Index lost 14.6% of its value, and a composite of US medical device stocks declined…

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Small Cap Stocks Lead the Way for OIS Index in September

Small Cap Stocks Lead the Way for OIS Index in September

The OIS Index of ophthalmic stocks gave back some of its recent gains in September, declining by 4.1% against an overall flat market backdrop. The NASDAQ Biotechnology Index and the overall US stock market as measured by the Russell 3000 Index were essentially unchanged during the month, while a composite of US medical device stocks…

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Glaukos and STAAR Drive OIS Index into Record Territory

OIS Index Follows the Stock Market Lower in December

The OIS Index of ophthalmic stocks surged to new highs in August, driven by two of the highest-weighted stocks in the index. The OIS Index gained 16.3% in August, while the overall US stock market, as measured by the Russell 3000 Index gained 3.3%, the NASDAQ Biotechnology Index gained 4.8%, and a composite of US…

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OIS Index Lags Market Benchmarks in July

OIS Index

The OIS Index of ophthalmic stocks declined by 1.1% in July, against a strong overall market backdrop. During the month, the overall US stock market as measured by the Russell 3000 Index gained 3.9%, while the NASDAQ Biotechnology Index gained 8.6% and a composite of US medical device stocks gained 4.7%. Within the index, declining…

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OIS Index Hits New Highs; Two New Companies Added

OIS Index

The OIS Index stayed in four-digit territory in June, finishing the month at 1,017 and again outperforming its stock market benchmarks. The OIS Index gained 2.1% during the month, while the NASDAQ Biotechnology Index declined by 0.9%; the overall US stock market, as measured by the Russell 3000 Index, declined by 0.1%; and a composite…

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Ophthalmic Stocks’ Rally Rolls Through April

Ophthalmic Stocks' Rally Rolls Through April

The OIS Index gained 5.2% in April, on the heels of a 4.4% gain in March. Ophthalmic stocks have far outperformed key market benchmarks over the past one and three months. The NASDAQ Biotechnology Index declined 3% in April, while the overall US stock market as measured by the Russell 3000 Index gained 0.3% and…

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