Ideanomics Stock Market Value
| IDEX Stock | USD 0.85 0.03 3.41% |
| Symbol | Ideanomics |
Ideanomics Price To Book Ratio
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.
Ideanomics 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ideanomics' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ideanomics.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Ideanomics on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Ideanomics or generate 0.0% return on investment in Ideanomics over 30 days. Ideanomics is related to or competes with Deere, Caterpillar, Lion Electric, Xos, NikolaCorp, Wabash National, and Hydrofarm Holdings. Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway... More
Ideanomics Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ideanomics' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ideanomics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 87.18 | |||
| Value At Risk | (7.78) | |||
| Potential Upside | 9.68 |
Ideanomics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ideanomics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ideanomics' standard deviation. In reality, there are many statistical measures that can use Ideanomics historical prices to predict the future Ideanomics' volatility.| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (1.37) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Ideanomics Backtested Returns
Ideanomics holds Efficiency (Sharpe) Ratio of -0.007, which attests that the entity had a -0.007% return per unit of risk over the last 3 months. Ideanomics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ideanomics' market risk adjusted performance of (0.27), and Standard Deviation of 8.99 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ideanomics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ideanomics is expected to be smaller as well. Ideanomics has an expected return of -0.0645%. Please make sure to check out Ideanomics treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Ideanomics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Ideanomics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ideanomics time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ideanomics price movement. The serial correlation of -0.75 indicates that around 75.0% of current Ideanomics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ideanomics lagged returns against current returns
Autocorrelation, which is Ideanomics stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ideanomics' stock expected returns. We can calculate the autocorrelation of Ideanomics returns to help us make a trade decision. For example, suppose you find that Ideanomics has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ideanomics regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ideanomics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ideanomics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ideanomics stock over time.
Current vs Lagged Prices |
| Timeline |
Ideanomics Lagged Returns
When evaluating Ideanomics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ideanomics stock have on its future price. Ideanomics autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ideanomics autocorrelation shows the relationship between Ideanomics stock current value and its past values and can show if there is a momentum factor associated with investing in Ideanomics.
Regressed Prices |
| Timeline |
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 Correlation, Ideanomics Volatility and Ideanomics Alpha and Beta module to complement your research on Ideanomics. 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Transaction History View history of all your transactions and understand their impact on performance |
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.