IEX Stock | | | USD 211.11 1.87 0.88% |
IDEX financial indicator trend analysis is infinitely more than just investigating IDEX recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDEX is a good investment. Please check the relationship between IDEX Treasury Stock and its Current Deferred Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Treasury Stock vs Current Deferred Revenue
Treasury Stock vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
IDEX Treasury Stock account and
Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between IDEX's Treasury Stock and Current Deferred Revenue is -0.18. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of IDEX Corporation, assuming nothing else is changed. The correlation between historical values of IDEX's Treasury Stock and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of IDEX Corporation are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Treasury Stock i.e., IDEX's Treasury Stock and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Treasury Stock
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from IDEX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDEX current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Enterprise Value is likely to rise to about 1.2
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 374.8
M in 2024.
IDEX fundamental ratios Correlations
Click cells to compare fundamentals
IDEX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IDEX fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.