Ideanomics Average Equity vs Average Assets Analysis

IDEX Stock  USD 0.12  0.01  9.09%   
Ideanomics financial indicator trend analysis is infinitely more than just investigating Ideanomics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ideanomics is a good investment. Please check the relationship between Ideanomics Average Equity and its Average Assets accounts. Check out Risk vs Return Analysis. For more information on how to buy Ideanomics Stock please use our How to Invest in Ideanomics guide.

Average Equity vs Average Assets

Average Equity vs Average Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ideanomics Average Equity account and Average Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Ideanomics' Average Equity and Average Assets is 1.0. Overlapping area represents the amount of variation of Average Equity that can explain the historical movement of Average Assets in the same time period over historical financial statements of Ideanomics, assuming nothing else is changed. The correlation between historical values of Ideanomics' Average Equity and Average Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Equity of Ideanomics are associated (or correlated) with its Average Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Assets has no effect on the direction of Average Equity i.e., Ideanomics' Average Equity and Average Assets go up and down completely randomly.

Correlation Coefficient

Relationship DirectionPositive 
Relationship StrengthVery Strong

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.
Most indicators from Ideanomics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ideanomics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis. For more information on how to buy Ideanomics Stock please use our How to Invest in Ideanomics guide.Ideanomics Selling General and Administrative Expense is fairly stable at the moment as compared to the past year. Ideanomics reported Selling General and Administrative Expense of 83.75 Million in 2022. Issuance Purchase of Equity Shares is likely to rise to about 244.2 M in 2023, whereas Net Loss Income from Discontinued Operations is likely to drop (4.9 M) in 2023.
 2020 2021 2022 2023 (projected)
Revenues USD26.76 M114.08 M131.19 M112.54 M
Revenues26.76 M114.08 M131.19 M112.54 M

Ideanomics fundamental ratios Correlations

Click cells to compare fundamentals

Ideanomics Account Relationship Matchups

Ideanomics fundamental ratios Accounts

201820192020202120222023 (projected)
Receivables19.37 M2.4 M7.4 M58.94 M53.05 M57.24 M
Accounts Payable19.27 M3.38 M5.06 M6.67 M6.01 M5.59 M
Accumulated Other Comprehensive Income(1.66 M)(664 K)1.23 M222 K255.3 K275.45 K
Total Assets94.24 M126.94 M233.87 M473.44 M544.45 M587.44 M
Current Assets45.07 M7.45 M179.76 M362.51 M416.88 M449.79 M
Assets Non Current49.16 M119.49 M54.11 M110.93 M127.57 M137.64 M
Cash and Equivalents3.11 M2.63 M165.76 M269.86 M310.34 M334.84 M
Cash and Equivalents USD3.11 M2.63 M165.76 M269.86 M310.34 M334.84 M
Total Debt15.45 M21.99 M702 K70.85 M81.48 M87.91 M
Debt Current4.14 M9.13 M683 K61.21 M70.39 M75.95 M
Total Debt USD15.45 M21.99 M702 K70.85 M81.48 M87.91 M
Deferred Revenue405.93 K477 K1.13 M5.39 M6.2 M6.69 M
Shareholders Equity44.24 M33.56 M183.69 M363.03 M417.48 M450.44 M
Shareholders Equity USD44.24 M33.56 M183.69 M363.03 M417.48 M450.44 M
Goodwill and Intangible Assets3.74 M76.11 M30.41 M58.71 M67.51 M72.84 M
Investments26.41 M22.62 M8.49 M91.19 M104.87 M113.15 M
Investments Non Current26.41 M22.62 M8.49 M35.59 M40.93 M44.16 M
Total Liabilities49.76 M66.95 M37.69 M106.81 M122.83 M132.53 M
Current Liabilities29.93 M36.76 M13.06 M91.12 M104.78 M113.06 M
Liabilities Non Current19.83 M30.19 M24.63 M15.69 M18.04 M15.59 M
Trade and Non Trade Payables20.07 M7.34 M5.94 M7.78 M8.94 M9.6 M
Property Plant and Equipment Net15.03 M19.87 M7.74 M15.73 M18.09 M19.52 M
Trade and Non Trade Receivables19.37 M3.66 M7.64 M3.6 M4.14 M4.25 M
Accumulated Retained Earnings Deficit(149.98 M)(248.48 M)(349.75 M)(605.76 M)(545.18 M)(559.53 M)

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Check out Risk vs Return 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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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
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
Return On Equity
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 Ideanomics value 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.