Idex Corporation Stock Market Value

IEX Stock  USD 245.09  3.00  1.24%   
IDEX's market value is the price at which a share of IDEX trades on a public exchange. It measures the collective expectations of IDEX Corporation investors about its performance. IDEX is trading at 245.09 as of the 28th of March 2024; that is 1.24 percent increase since the beginning of the trading day. The stock's open price was 242.09.
With this module, you can estimate the performance of a buy and hold strategy of IDEX Corporation and determine expected loss or profit from investing in IDEX over a given investment horizon. Check out IDEX Correlation, IDEX Volatility and IDEX Alpha and Beta module to complement your research on IDEX.
Symbol

IDEX Price To Book Ratio

Is IDEX's 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 IDEX. If investors know IDEX 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 IDEX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.16)
Dividend Share
2.56
Earnings Share
7.84
Revenue Per Share
43.306
Quarterly Revenue Growth
(0.03)
The market value of IDEX is measured differently than its book value, which is the value of IDEX that is recorded on the company's balance sheet. Investors also form their own opinion of IDEX's value that differs from its market value or its book value, called intrinsic value, which is IDEX's 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 IDEX's market value can be influenced by many factors that don't directly affect IDEX's 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 IDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDEX's 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.

IDEX '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 IDEX's 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 IDEX.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in IDEX on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding IDEX Corporation or generate 0.0% return on investment in IDEX over 30 days. IDEX is related to or competes with Babcock Wilcox, Crane, General Electric, Richtech Robotics, Now, and Middleby Corp. IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide More

IDEX 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 IDEX's 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 IDEX Corporation upside and downside potential and time the market with a certain degree of confidence.

IDEX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDEX's standard deviation. In reality, there are many statistical measures that can use IDEX historical prices to predict the future IDEX's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IDEX's 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.
Hype
Prediction
LowEstimatedHigh
244.08245.05246.02
Details
Intrinsic
Valuation
LowRealHigh
242.80243.77269.60
Details
Naive
Forecast
LowNextHigh
246.53247.50248.47
Details
14 Analysts
Consensus
LowTargetHigh
212.44233.45259.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IDEX. Your research has to be compared to or analyzed against IDEX's peers to derive any actionable benefits. When done correctly, IDEX's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in IDEX.

IDEX Backtested Returns

IDEX appears to be very steady, given 3 months investment horizon. IDEX holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for IDEX, which you can use to evaluate the volatility of the firm. Please utilize IDEX's Semi Deviation of 0.4449, risk adjusted performance of 0.1311, and Market Risk Adjusted Performance of 0.2017 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IDEX holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 1.06, which attests to a somewhat significant risk relative to the market. IDEX returns are very sensitive to returns on the market. As the market goes up or down, IDEX is expected to follow. Please check IDEX's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether IDEX's current trending patterns will revert.

Auto-correlation

    
  0.45  

Average predictability

IDEX Corporation has average predictability. Overlapping area represents the amount of predictability between IDEX time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 IDEX price movement. The serial correlation of 0.45 indicates that just about 45.0% of current IDEX price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.52
Residual Average0.0
Price Variance3.74

IDEX lagged returns against current returns

Autocorrelation, which is IDEX 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 IDEX's stock expected returns. We can calculate the autocorrelation of IDEX returns to help us make a trade decision. For example, suppose you find that IDEX 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  

IDEX 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 IDEX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDEX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDEX stock over time.
   Current vs Lagged Prices   
       Timeline  

IDEX Lagged Returns

When evaluating IDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDEX stock have on its future price. IDEX 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, IDEX autocorrelation shows the relationship between IDEX stock current value and its past values and can show if there is a momentum factor associated with investing in IDEX Corporation.
   Regressed Prices   
       Timeline  

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When determining whether IDEX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDEX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Idex Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Idex Corporation Stock:
Check out IDEX Correlation, IDEX Volatility and IDEX Alpha and Beta module to complement your research on IDEX.
Note that the IDEX information on this page should be used as a complementary analysis to other IDEX's 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for IDEX Stock analysis

When running IDEX's price analysis, check to measure IDEX's 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 IDEX is operating at the current time. Most of IDEX's value examination focuses on studying past and present price action to predict the probability of IDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDEX's price. Additionally, you may evaluate how the addition of IDEX to your portfolios can decrease your overall portfolio volatility.
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IDEX 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 IDEX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of IDEX 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...