Ideanomics Competitors

IDEX Stock  USD 0.0438  0.0001  0.23%   
Ideanomics competes with Deere, Hyster Yale, Alamo, Lion Electric, and Lindsay; as well as few others. The company conducts business under Software sector and is part of Information Technology industry. Analyzing Ideanomics competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Ideanomics to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Ideanomics competition on your existing holdings. Check out Ideanomics Correlation with its peers.For more information on how to buy Ideanomics Stock please use our How to Invest in Ideanomics guide.
  
Return on Investment is likely to drop to -108.58 in 2023. Return on Average Assets is likely to drop to -0.79 in 2023. Ideanomics Assets Non Current are fairly stable at the moment as compared to the past year. Ideanomics reported Assets Non Current of 128.76 Million in 2022. Goodwill and Intangible Assets is likely to rise to about 97.7 M in 2023, whereas Total Assets are likely to drop slightly above 200 M in 2023.
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Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Ideanomics in the context of predictive analytics.
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0.000.0415.33
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0.010.2815.57
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ideanomics. Your research has to be compared to or analyzed against Ideanomics' peers to derive any actionable benefits. When done correctly, Ideanomics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ideanomics.

Ideanomics Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ideanomics and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Ideanomics and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ideanomics does not affect the price movement of the other competitor.

Related Correlations

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Risk-Adjusted Indicators

Nowadays, there is a big difference between Ideanomics Stock performing well and Ideanomics company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Ideanomics' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
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Sortino
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Information
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Expected
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Potential
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Value
At Risk
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DE 1.42 (0.15)  0.00 (0.13)  0.00 (0.09)  0.00  2.12 (2.97)  8.33 
HY 2.48  0.33  0.09  0.12  2.94  0.1 (2.50)  6.73 (4.82)  15.84 
ALG 1.46 (0.02)  0.00 (0.03)  0.00 (0.0111)  0.00  2.87 (2.46)  9.14 
LEV 2.56 (0.15)  0.00 (0.14)  0.00 (0.043)  0.00  6.22 (4.63)  21.62 
LNN 1.69 (0.25)  0.00 (0.18)  0.00 (0.11)  0.00  3.01 (3.52)  15.33 
MTW 2.63 (0.17)  0.00 (0.08)  0.00 (0.05)  0.00  5.90 (5.62)  18.10 
OSK 1.55 (0.11)  0.00 (0.08)  0.00 (0.06)  0.00  3.01 (4.29)  8.92 
TEX 2.31 (0.14)  0.00 (0.08)  0.00 (0.05)  0.00  4.57 (7.58)  12.74 
TWI 2.19 (0.24)  0.00 (0.14)  0.00 (0.09)  0.00  3.83 (5.42)  16.03 
WNC 2.22 (0.06)  0.00 (0.05)  0.00 (0.0229)  0.00  3.75 (4.71)  13.85 

Cross Equities Net Income Analysis

Compare Ideanomics and related stocks such as Deere Company, Hyster-Yale Materials, Alamo Group, Lion Electric Corp, Lindsay, Manitowoc, Oshkosh, Terex, Titan International, and Wabash National Net Income Over Time
Select Fundamental

20102011201220132014201520162017201820192020202120222023
DE2.8 B2.8 B2.8 B2.8 B2.8 B2.8 B2.8 B2.8 B2.8 B2.8 B7.1 B7.1 BB5.1 B
HY98 M98 M98 M110 M109.8 M74.7 M42.8 M48.6 M34.7 M35.8 M37.1 M(173 M)(74.1 M)(76 M)
ALG28.9 M28.9 M28.9 M36.1 M41.2 M43.2 M40 M44.3 M73.5 M63.1 M57.8 M80.2 M101.9 M85.8 M
LEV(5.4 M)(5.4 M)(5.4 M)(5.4 M)(5.4 M)(5.4 M)(5.4 M)(5.4 M)(5.4 M)(3.1 M)(97.4 M)(43.3 M)17.8 M19.2 M
LNN43.3 M43.3 M70.6 M51.5 M26.3 M20.3 M23.2 M20.3 M2.2 M38.6 M42.6 M65.5 M58.9 M63.6 M
MTW101.7 M101.7 M101.7 M141.8 M143.9 M65.5 M(375.8 M)9.4 M(67.1 M)46.6 M(19.1 M)11 M(123.6 M)(126.9 M)
OSK230.8 M230.8 M318 M309.3 M229.5 M216.4 M285.6 M471.9 M579.4 M318.3 M318.3 M461.1 M173.9 M178.5 M
TEX105.8 M105.8 M105.8 M226 M319 M145.9 M(176.1 M)128.7 M113.7 M54.4 M(10.6 M)220.9 M300 M323.7 M
TWI107.2 M107.2 M107.2 M35.2 M(80.5 M)(75.2 M)(37.6 M)(60 M)16.1 M(48.4 M)(60.4 M)49.6 M176.3 M190.2 M
WNC105.6 M105.6 M105.6 M46.5 M60.9 M104.3 M119.4 M111.4 M69.4 M89.6 M(97.4 M)1.2 M112.3 M121.1 M

Ideanomics and related stocks such as Deere Company, Hyster-Yale Materials, Alamo Group, Lion Electric Corp, Lindsay, Manitowoc, Oshkosh, Terex, Titan International, and Wabash National Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Ideanomics financial statement analysis. It represents the amount of money remaining after all of Ideanomics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends Income Statement Impact.

Ideanomics Competitive Analysis

The better you understand Ideanomics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ideanomics' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ideanomics' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
IDEXDEHYALGLEVLNNMTWOSKTEXTWI
 0.23 
 0.0438 
Ideanomics
 1.85 
 364.22 
Deere
 0.00 
 49.38 
Hyster
 4.38 
 170.75 
Alamo
 2.69 
 1.91 
Lion
 5.59 
 124.74 
Lindsay
 9.18 
 16.18 
Manitowoc
 0.0123 
 81.23 
Oshkosh
 1.64 
 51.06 
Terex
 4.24 
 10.16 
Titan
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Ideanomics Competition Performance Charts

Five steps to successful analysis of Ideanomics Competition

Ideanomics' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ideanomics in relation to its competition. Ideanomics' competition analysis typically involves several steps, including::
  • Identifying the key players in the market: This involves identifying the major competitors of Ideanomics in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ideanomics' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ideanomics, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Ideanomics position

In addition to having Ideanomics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Check out Ideanomics Correlation with its peers.For more information on how to buy Ideanomics Stock please use our How to Invest in Ideanomics guide. Note that the Ideanomics information on this page should be used as a complementary analysis to other Ideanomics' 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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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.
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Is Ideanomics' 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 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
(0.50) 
Revenue Per Share
0.197
Quarterly Revenue Growth
(0.38) 
Return On Assets
(0.28) 
Return On Equity
(1.10) 
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.