IDEX Risk Analysis And Volatility

IEX -- USA Stock  

Fiscal Quarter End: December 31, 2019  

We consider IDEX very steady. IDEX holds Efficiency (Sharpe) Ratio of 2.0E-4 which attests that the entity had 2.0E-4% of return per unit of return volatility over the last 3 months. Our approach into determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for IDEX which you can use to evaluate future volatility of the corporation. Please check out IDEX Market Risk Adjusted Performance of (0.032386) and Risk Adjusted Performance of (0.017039) to validate if risk estimate we provide are consistent with the epected return of 3.0E-4%.
Interest Expense

90 Days Market Risk

Very steady

Chance of Distress in 24 months

90 Days Economic Sensitivity

Almost mirrors market
Horizon     30 Days    Login   to change

IDEX Market Sensitivity

IDEX returns are very sensitive to returns on the market. As market goes up or down, IDEX is expected to follow.
3 Months Beta |Analyze IDEX Demand Trend
Check current 30 days IDEX correlation with market (DOW)
β = 1.1292

IDEX Central Daily Price Deviation

IDEX Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of IDEX high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only IDEX closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

IDEX Projected Return Density Against Market

Considering 30-days investment horizon, the stock has beta coefficient of 1.1292 . This indicates IDEX Corporation market returns are sensitive to returns on the market. As the market goes up or down, IDEX is expected to follow. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. IDEX is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of IDEX is 482828.9. The daily returns are destributed with a variance of 1.51 and standard deviation of 1.23. The mean deviation of IDEX Corporation is currently at 0.92. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
α
Alpha over DOW
=0.14
β
Beta against DOW=1.13
σ
Overall volatility
=1.23
Ir
Information ratio =0.1

IDEX Return Volatility

the company has volatility of 1.2297% on return distribution over 30 days investment horizon. the entity inherits 0.6364% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

IDEX Investment Opportunity

IDEX Corporation has a volatility of 1.23 and is 1.92 times more volatile than DOW. 11  of all equities and portfolios are less risky than IDEX. Compared to the overall equity markets, volatility of historical daily returns of IDEX Corporation is lower than 11 () of all global equities and portfolios over the last 30 days. Use IDEX Corporation to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of IDEX to be traded at $157.72 in 30 days. . IDEX returns are very sensitive to returns on the market. As market goes up or down, IDEX is expected to follow.

IDEX correlation with market

correlation synergy
Poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding IDEX Corp. and equity matching DJI index in the same portfolio.

IDEX Current Risk Indicators

IDEX Suggested Diversification Pairs

Please also check Risk vs Return Analysis. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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