IDEX Corp Q3 2024 Earnings Call Highlights Strong Cash Flow and Strategic Growth Amid ...
| IEX Stock | USD 230.63 0.47 0.20% |
Slightly above 56% of IDEX's investor base is looking to short. The analysis of the overall investor sentiment regarding IDEX Corporation suggests that many traders are alarmed. IDEX's investing sentiment can be driven by a variety of factors including economic data, IDEX's earnings reports, geopolitical events, and overall market trends.
IDEX |
Free Cash Flow 192 million, 133 percent of adjusted net income.Orders 781 million, up 10 percent reported, 8 percent organically.Sales 798 million, up 1 percent reported, flat organ
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IDEX Fundamental Analysis
We analyze IDEX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IDEX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IDEX based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
IDEX is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
IDEX Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IDEX stock to make a market-neutral strategy. Peer analysis of IDEX could also be used in its relative valuation, which is a method of valuing IDEX by comparing valuation metrics with similar companies.
Peers
IDEX Related Equities
| FELE | Franklin Electric | 1.05 | ||||
| EPAC | Enerpac Tool | 0.90 | ||||
| GRC | Gorman Rupp | 0.73 | ||||
| GGG | Graco | 0.57 | ||||
| ITT | ITT | 0.54 | ||||
| DCI | Donaldson | 0.53 | ||||
| WTS | Watts Water | 0.53 | ||||
| FLS | Flowserve | 0.48 | ||||
| CR | Crane | 0.37 | ||||
| IR | Ingersoll Rand | 0.12 | ||||
| DOV | Dover | 0.04 |
Additional Tools for IDEX Stock Analysis
When running IDEX's price analysis, check to measure IDEX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IDEX is operating at the current time. Most of IDEX's value examination focuses on studying past and present price action to predict the probability of IDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDEX's price. Additionally, you may evaluate how the addition of IDEX to your portfolios can decrease your overall portfolio volatility.