Ideanomics Stock Z Score
IDEX Stock | USD 1.04 0.01 0.97% |
Ideanomics | Z Score |
Ideanomics Company Z Score Analysis
Ideanomics' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
| |||||||
| |||||||
| |||||||
| |||||||
|
Ideanomics Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Ideanomics is extremely important. It helps to project a fair market value of Ideanomics Stock properly, considering its historical fundamentals such as Z Score. Since Ideanomics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ideanomics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ideanomics' interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition |
According to the company's disclosures, Ideanomics has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Ideanomics Institutional Holders
Institutional Holdings refers to the ownership stake in Ideanomics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ideanomics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ideanomics' value.Shares | Citigroup Inc | 2023-12-31 | 2.2 K | Ubs Group Ag | 2023-12-31 | 391 | Royal Bank Of Canada | 2023-12-31 | 163 | Advisor Group Holdings, Inc. | 2023-12-31 | 145 | Wells Fargo & Co | 2023-12-31 | 100.0 | Lindbrook Capital, Llc | 2023-12-31 | 40.0 | Qube Research & Technologies | 2023-12-31 | 10.0 | Goss Wealth Management Llc | 2023-12-31 | 8.0 | Cape Investment Advisory, Inc. | 2023-12-31 | 8.0 | Geode Capital Management, Llc | 2023-12-31 | 115.4 K | Vanguard Group Inc | 2023-12-31 | 89.7 K |
Ideanomics Fundamentals
Return On Equity | -2.34 | ||||
Return On Asset | -0.35 | ||||
Operating Margin | (24.83) % | ||||
Current Valuation | 49.17 M | ||||
Shares Outstanding | 11.97 M | ||||
Shares Owned By Insiders | 19.25 % | ||||
Shares Owned By Institutions | 4.59 % | ||||
Number Of Shares Shorted | 2.05 M | ||||
Price To Earning | 16.47 X | ||||
Price To Book | 0.65 X | ||||
Price To Sales | 0.11 X | ||||
Revenue | 93.64 M | ||||
Gross Profit | (815 K) | ||||
EBITDA | (127.58 M) | ||||
Net Income | (339.82 M) | ||||
Cash And Equivalents | 25.19 M | ||||
Cash Per Share | 0.05 X | ||||
Total Debt | 70.85 M | ||||
Debt To Equity | 0.11 % | ||||
Current Ratio | 2.74 X | ||||
Book Value Per Share | 1.38 X | ||||
Cash Flow From Operations | (65.47 M) | ||||
Short Ratio | 5.10 X | ||||
Earnings Per Share | (55.95) X | ||||
Target Price | 1.0 | ||||
Number Of Employees | 565 | ||||
Beta | 0.57 | ||||
Market Capitalization | 12.21 M | ||||
Total Asset | 473.44 M | ||||
Retained Earnings | (605.76 M) | ||||
Working Capital | 37.18 M | ||||
Current Asset | 6.93 M | ||||
Current Liabilities | 6.21 M | ||||
Net Asset | 473.44 M |
About Ideanomics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ideanomics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ideanomics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ideanomics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ideanomics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ideanomics' short interest history, or implied volatility extrapolated from Ideanomics options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Ideanomics Piotroski F Score and Ideanomics Valuation analysis. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
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 (55.95) | Revenue Per Share 11.571 | Quarterly Revenue Growth (0.92) | Return On Assets (0.35) | Return On Equity (2.34) |
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.