Ideanomics Stock Market Value
| IDEX Stock | USD 0 0.01 80.00% |
| Symbol | Ideanomics |
Ideanomics Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ideanomics. If investors know Ideanomics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ideanomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (20.59) | Revenue Per Share 1.55 | Quarterly Revenue Growth 52 | Return On Assets (0.35) | Return On Equity (3.24) |
The market value of Ideanomics is measured differently than its book value, which is the value of Ideanomics that is recorded on the company's balance sheet. Investors also form their own opinion of Ideanomics' value that differs from its market value or its book value, called intrinsic value, which is Ideanomics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ideanomics' market value can be influenced by many factors that don't directly affect Ideanomics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ideanomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ideanomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ideanomics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Ideanomics 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ideanomics' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ideanomics.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Ideanomics on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ideanomics or generate 0.0% return on investment in Ideanomics over 30 days. Ideanomics is related to or competes with Deere, Caterpillar, Lion Electric, Xos, Nikola Corp, Wabash National, and Hydrofarm Holdings. Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway... More
Ideanomics Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ideanomics' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ideanomics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 42.88 | |||
| Information Ratio | 0.1454 | |||
| Maximum Drawdown | 307.41 | |||
| Value At Risk | (60.00) | |||
| Potential Upside | 137.5 |
Ideanomics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ideanomics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ideanomics' standard deviation. In reality, there are many statistical measures that can use Ideanomics historical prices to predict the future Ideanomics' volatility.| Risk Adjusted Performance | 0.1158 | |||
| Jensen Alpha | 9.82 | |||
| Total Risk Alpha | 2.66 | |||
| Sortino Ratio | 0.2138 | |||
| Treynor Ratio | (1.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ideanomics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ideanomics Backtested Returns
Ideanomics is out of control given 3 months investment horizon. Ideanomics holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 23.23% are justified by taking the suggested risk. Use Ideanomics Downside Deviation of 42.88, market risk adjusted performance of (1.19), and Risk Adjusted Performance of 0.1158 to evaluate company specific risk that cannot be diversified away. Ideanomics holds a performance score of 13 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -7.72, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ideanomics are expected to decrease by larger amounts. On the other hand, during market turmoil, Ideanomics is expected to outperform it. Use Ideanomics jensen alpha and the relationship between the value at risk and day median price , to analyze future returns on Ideanomics.
Auto-correlation | -0.84 |
Excellent reverse predictability
Ideanomics has excellent reverse predictability. Overlapping area represents the amount of predictability between Ideanomics time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ideanomics price movement. The serial correlation of -0.84 indicates that around 84.0% of current Ideanomics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ideanomics lagged returns against current returns
Autocorrelation, which is Ideanomics stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ideanomics' stock expected returns. We can calculate the autocorrelation of Ideanomics returns to help us make a trade decision. For example, suppose you find that Ideanomics has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ideanomics regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ideanomics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ideanomics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ideanomics stock over time.
Current vs Lagged Prices |
| Timeline |
Ideanomics Lagged Returns
When evaluating Ideanomics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ideanomics stock have on its future price. Ideanomics autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ideanomics autocorrelation shows the relationship between Ideanomics stock current value and its past values and can show if there is a momentum factor associated with investing in Ideanomics.
Regressed Prices |
| Timeline |
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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 Ideanomics Stock Analysis
When running Ideanomics' price analysis, check to measure Ideanomics' 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 Ideanomics is operating at the current time. Most of Ideanomics' value examination focuses on studying past and present price action to predict the probability of Ideanomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ideanomics' price. Additionally, you may evaluate how the addition of Ideanomics to your portfolios can decrease your overall portfolio volatility.