Idex Corporation Stock Market Value
| IEX Stock | USD 224.64 7.63 3.28% |
| Symbol | IDEX |
IDEX Price To Book Ratio
Is IDEX's industry 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 IDEX. If investors know IDEX 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 IDEX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.16) | Dividend Share 2.56 | Earnings Share 7.85 | Revenue Per Share 43.306 | Quarterly Revenue Growth (0.03) |
The market value of IDEX is measured differently than its book value, which is the value of IDEX that is recorded on the company's balance sheet. Investors also form their own opinion of IDEX's value that differs from its market value or its book value, called intrinsic value, which is IDEX's 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 IDEX's market value can be influenced by many factors that don't directly affect IDEX's 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 IDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDEX's 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.
IDEX '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 IDEX's 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 IDEX.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in IDEX on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding IDEX Corporation or generate 0.0% return on investment in IDEX over 30 days. IDEX is related to or competes with Parker Hannifin, Emerson Electric, Smith AO, and Watts Water. IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide More
IDEX 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 IDEX's 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 IDEX Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9047 | |||
| Information Ratio | 0.0812 | |||
| Maximum Drawdown | 6.25 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.53 |
IDEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDEX's standard deviation. In reality, there are many statistical measures that can use IDEX historical prices to predict the future IDEX's volatility.| Risk Adjusted Performance | 0.1119 | |||
| Jensen Alpha | 0.0667 | |||
| Total Risk Alpha | 0.0276 | |||
| Sortino Ratio | 0.0932 | |||
| Treynor Ratio | 0.1406 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IDEX's 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.
IDEX Backtested Returns
We consider IDEX very steady. IDEX holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for IDEX, which you can use to evaluate the volatility of the firm. Please check out IDEX's Risk Adjusted Performance of 0.1119, semi deviation of 0.7442, and Market Risk Adjusted Performance of 0.1506 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. IDEX has a performance score of 13 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.21, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, IDEX will likely underperform. IDEX at this time retains a risk of 1.03%. Please check out IDEX value at risk, and the relationship between the jensen alpha and skewness , to decide if IDEX will be following its current trending patterns.
Auto-correlation | 0.72 |
Good predictability
IDEX Corporation has good predictability. Overlapping area represents the amount of predictability between IDEX time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 IDEX price movement. The serial correlation of 0.72 indicates that around 72.0% of current IDEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 20.83 |
IDEX lagged returns against current returns
Autocorrelation, which is IDEX 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 IDEX's stock expected returns. We can calculate the autocorrelation of IDEX returns to help us make a trade decision. For example, suppose you find that IDEX 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 |
IDEX 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 IDEX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDEX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDEX stock over time.
Current vs Lagged Prices |
| Timeline |
IDEX Lagged Returns
When evaluating IDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDEX stock have on its future price. IDEX 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, IDEX autocorrelation shows the relationship between IDEX stock current value and its past values and can show if there is a momentum factor associated with investing in IDEX Corporation.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out IDEX Correlation, IDEX Volatility and IDEX Alpha and Beta module to complement your research on IDEX. Note that the IDEX information on this page should be used as a complementary analysis to other IDEX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary 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.
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IDEX technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.