Weitz Investment Large Cap Equity Fund Added IDEX Corporation As It Trades at a Discount To The Business Value Estimates
| IEX Stock | USD 219.99 0.33 0.15% |
Slightly above 54% of IDEX's investor base is interested to short. The analysis of the overall investor sentiment regarding IDEX Corporation suggests that many traders are impartial. 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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Weitz Investment Management, an investment management firm, released its Large Cap Equity Fund third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the funds Institutional Class returned 7.84 percent compared to a 6.08 percent return for the Russell 1000 Index. As AI fever subsided, stock gains were widespread. Value
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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.
Number Of Shares Shorted
Number Of Shares Shorted Comparative Analysis
IDEX is currently under evaluation in number of shares shorted category among its peers. Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
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
| DOV | Dover | 0.20 | ||||
| IR | Ingersoll Rand | 0.16 | ||||
| ITT | ITT | 0.32 | ||||
| CR | Crane | 0.36 | ||||
| DCI | Donaldson | 0.52 | ||||
| GGG | Graco | 0.56 | ||||
| EPAC | Enerpac Tool | 0.68 | ||||
| FLS | Flowserve | 0.71 | ||||
| GRC | Gorman Rupp | 0.73 | ||||
| WTS | Watts Water | 0.90 | ||||
| FELE | Franklin Electric | 1.01 |
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.