Heres Why SouthernSun SMID Cap Investment Strategy Exited IDEX Corporation
| IEX Stock | USD 207.02 0.96 0.47% |
Slightly above 53% of IDEX's investor base is interested to short. The analysis of overall sentiment of trading IDEX Corporation stock suggests that many investors are impartial at this time. 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.
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SouthernSun Asset Management, LLC, an investment management firm, released its SouthernSun SMID Cap Strategy third quarter 2024 investor letter. A copy of the letter can be downloaded here. The third quarter of 2024 has reinforced the effectiveness of SouthernSuns investment philosophy. In the third quarter, the strategy returned 8.98 percent on a gross basis
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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.
Return On Asset
Return On Asset Comparative Analysis
IDEX is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance 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
| CR | Crane | 2.74 | ||||
| IR | Ingersoll Rand | 2.18 | ||||
| FLS | Flowserve | 1.94 | ||||
| DCI | Donaldson | 1.44 | ||||
| EPAC | Enerpac Tool | 1.39 | ||||
| WTS | Watts Water | 1.30 | ||||
| DOV | Dover | 1.29 | ||||
| ITT | ITT | 0.68 | ||||
| GGG | Graco | 0.68 | ||||
| FELE | Franklin Electric | 0.54 | ||||
| GRC | Gorman Rupp | 0.32 |
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.