Ideanomics Stock Price on March 26, 2023

IDEX Stock  USD 0.0423  0.0003  0.71%   
If you're considering investing in Ideanomics Stock, it is important to understand the factors that can impact its stock price. As of today, the current price of Ideanomics is 0.0423, as last reported on the 1st of June, with the highest price reaching 0.05 and the lowest price hitting 0.0415 during the day.
Ideanomics holds Efficiency (Sharpe) Ratio of -0.0615, which attests that the entity had -0.0615% of return per unit of risk over the last 3 months. Our standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Ideanomics exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out Ideanomics risk adjusted performance of (0.044101), and Market Risk Adjusted Performance of (21.62) to validate the risk estimate we provide.
  
Net Income Common Stock is likely to drop to about (289.5 M) in 2023. Ideanomics Price to Book Value is fairly stable at the moment as compared to the past year. Ideanomics reported Price to Book Value of 0.70 in 2022. Price to Sales Ratio is likely to rise to 0.85 in 2023, whereas Price to Earnings Ratio are likely to drop (0.35)  in 2023. Ideanomics Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0615

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Estimated Market Risk

 15.43
  actual daily
 96 
96% of assets are less volatile
9696

Expected Return

 -0.95
  actual daily
 
Most of other assets have higher returns
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Risk-Adjusted Return

 -0.06
  actual daily
 
Most of other assets perform better
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Based on monthly moving average Ideanomics is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ideanomics by adding it to a well-diversified portfolio.

Ideanomics Stock Most Recent Updates

Price Book
0.4375
Enterprise Value Ebitda
(0.44) 
Price Sales
1.0634
Shares Float
711.6 M
Wall Street Target Price
1

Related Headline

Embark Technology Headline on 24th of March 2023

Filed transaction by Embark Technology Inc officer. Grant, award or other acquisition pursuant to Rule 16b-3(d)

Ideanomics Valuation on March 26, 2023

It is possible to determine the worth of Ideanomics on a given historical date. On March 26, 2023 Ideanomics was worth 0.11 at the beginning of the trading date compared to the closed value of 0.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ideanomics stock. Still, in general, we apply an absolute valuation method to find Ideanomics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ideanomics' related companies.
 Open High Low Close Volume
  0.12    0.12    0.11    0.12    11,382,160  
03/24/2023
  0.11    0.12    0.11    0.12    6,916,476  
  0.12    0.12    0.11    0.11    12,033,130  
Backtest Ideanomics  |  Ideanomics History  |  Ideanomics Valuation   PreviousNext  
Open Value 0.11
0.0012
Downside
0.12
Closing Value
46.39
Upside

Ideanomics Trading Date Momentum on March 26, 2023

On March 27 2023 Ideanomics was traded for  0.11  at the closing time. The top price for the day was 0.12  and the lowest listed price was  0.11 . The trading volume for the day was 12 M. The trading history from March 27, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 8.33% . The trading delta at closing time against the current closing price is 8.33% .

Ideanomics Fundamentals Correlations and Trends

By evaluating Ideanomics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ideanomics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ideanomics financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Ideanomics Stock history

Ideanomics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ideanomics is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ideanomics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ideanomics stock prices may prove useful in developing a viable investing in Ideanomics
Last ReportedProjected for 2023
Weighted Average Shares512.7 M553.2 M
Weighted Average Shares Diluted512.7 M553.2 M
Issuance Purchase of Equity Shares589 K604.5 K

Ideanomics Quarterly Market Capitalization

92.43 Million

Ideanomics Stock Technical Analysis

Ideanomics 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.
A focus of Ideanomics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ideanomics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Ideanomics Period Price Range

Low
March 24, 2023
High

 0.11 

  

 0.12 

0.019.09%

Ideanomics June 1, 2023 Market Strength

Market strength indicators help investors to evaluate how Ideanomics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ideanomics shares will generate the highest return on investment. By undertsting and applying Ideanomics stock market strength indicators, traders can identify Ideanomics entry and exit signals to maximize returns

Ideanomics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Ideanomics stock's direction in advance. Along with the technical and fundamental analysis of Ideanomics Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ideanomics to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary 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.
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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
(0.56) 
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. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. For more information on how to buy Ideanomics Stock please use our How to Invest in Ideanomics guide.