Ideanomics Stock Technical Analysis
IDEX Stock | USD 1.86 0.02 1.09% |
As of the 24th of September, Ideanomics retains the Market Risk Adjusted Performance of 9.54, standard deviation of 7.47, and Risk Adjusted Performance of (0.19). Ideanomics technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Ideanomics, which can be compared to its competitors. Please check out Ideanomics mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if Ideanomics is priced fairly, providing market reflects its last-minute price of 1.86 per share. Please also validate Ideanomics jensen alpha, which is currently at (2.52) to confirm the company can sustain itself at a future point.
Ideanomics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ideanomics, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to IdeanomicsIdeanomics |
Ideanomics Analyst Consensus
Target Price | Advice | # of Analysts | |
1.0 | Hold | 1 | Odds |
Most Ideanomics analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ideanomics stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ideanomics, talking to its executives and customers, or listening to Ideanomics conference calls.
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.
Ideanomics Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ideanomics volatility. High ATR values indicate high volatility, and low values indicate low volatility. .
Ideanomics Trend Analysis
Use this graph to draw trend lines for Ideanomics. You can use it to identify possible trend reversals for Ideanomics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ideanomics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ideanomics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ideanomics applied against its price change over selected period. The best fit line has a slop of 0.2 , which may suggest that Ideanomics market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1587.25, which is the sum of squared deviations for the predicted Ideanomics price change compared to its average price change.About Ideanomics Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ideanomics on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ideanomics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ideanomics price pattern first instead of the macroeconomic environment surrounding Ideanomics. By analyzing Ideanomics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ideanomics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ideanomics specific price patterns or momentum indicators. Please read more on our technical analysis page.
2020 | 2022 | 2023 (projected) | PPandE Turnover | 2.6 | 16.85 | 14.88 | Long Term Debt to Equity | 0.0221 | 0.0254 | 0.0261 |
Ideanomics September 24, 2023 Technical Indicators
Most technical analysis of Ideanomics help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ideanomics from various momentum indicators to cycle indicators. When you analyze Ideanomics charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.19) | |||
Market Risk Adjusted Performance | 9.54 | |||
Mean Deviation | 5.66 | |||
Coefficient Of Variation | (298.60) | |||
Standard Deviation | 7.47 | |||
Variance | 55.8 | |||
Information Ratio | (0.33) | |||
Jensen Alpha | (2.52) | |||
Total Risk Alpha | (2.31) | |||
Treynor Ratio | 9.53 | |||
Maximum Drawdown | 41.63 | |||
Value At Risk | (14.02) | |||
Potential Upside | 9.79 | |||
Skewness | (0.46) | |||
Kurtosis | 1.32 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ideanomics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.
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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.
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.