Idex Corporation Stock Buy Hold or Sell Recommendation
| IEX Stock | USD 226.10 0.73 0.32% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding IDEX Corporation is 'Strong Hold'. Macroaxis provides IDEX buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding IDEX positions. The advice algorithm takes into account all of IDEX's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting IDEX's buy or sell advice are summarized below:
Real Value 238.76 | Target Price 233.45 | Hype Value 226.28 | Market Value 226.1 | Naive Value 221.38 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell IDEX Corporation given historical horizon and risk tolerance towards IDEX. When Macroaxis issues a 'buy' or 'sell' recommendation for IDEX Corporation, the advice is generated through an automated system that utilizes algorithms and statistical models.
IDEX |
Execute IDEX Buy or Sell Advice
The IDEX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on IDEX Corporation. Macroaxis does not own or have any residual interests in IDEX Corporation or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute IDEX's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
IDEX Trading Alerts and Improvement Suggestions
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Insights Into Idex Q1 Wall Street Projections for Key Metrics |
IDEX Returns Distribution Density
The distribution of IDEX's historical returns is an attempt to chart the uncertainty of IDEX's future price movements. The chart of the probability distribution of IDEX daily returns describes the distribution of returns around its average expected value. We use IDEX Corporation price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of IDEX returns is essential to provide solid investment advice for IDEX.
| Mean Return | 0.15 | Value At Risk | -1.29 | Potential Upside | 1.53 | Standard Deviation | 1.03 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of IDEX historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
IDEX Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as IDEX is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading IDEX Corporation backward and forwards among themselves. IDEX's institutional investor refers to the entity that pools money to purchase IDEX's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Barclays Plc | 2023-12-31 | 1.1 M | Champlain Investment Partners, Llc | 2023-12-31 | 1.1 M | Norges Bank | 2023-12-31 | 1.1 M | Amvescap Plc. | 2023-12-31 | 1.1 M | Jpmorgan Chase & Co | 2023-12-31 | 1 M | Goldman Sachs Group Inc | 2023-12-31 | 985.6 K | Brown Advisory Holdings Inc | 2023-12-31 | 910.9 K | Alecta Pensionsforsakring, Omsesidigt | 2023-12-31 | 781.2 K | Fenimore Asset Management Inc | 2023-12-31 | 775.1 K | Vanguard Group Inc | 2023-12-31 | 9.2 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 7.4 M |
IDEX Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (3.3M) | 36.5M | (46.1M) | (72.4M) | 66.2M | 69.5M | |
| Change In Cash | 166.2M | 393.3M | (170.5M) | (425.2M) | 104.1M | 109.3M | |
| Free Cash Flow | 477.2M | 517.7M | 492.6M | 489.4M | 626.8M | 658.1M | |
| Depreciation | 76.9M | 83.5M | 103M | 119.7M | 152.1M | 159.7M | |
| Other Non Cash Items | 20.9M | 4.1M | 13.8M | (16.7M) | (75.7M) | (71.9M) | |
| Capital Expenditures | 50.9M | 51.5M | 72.7M | 68M | 89.9M | 94.4M | |
| Net Income | 425.5M | 377.8M | 449.3M | 586.7M | 595.1M | 624.9M | |
| End Period Cash Flow | 632.6M | 1.0B | 855.4M | 430.2M | 534.3M | 561.0M | |
| Dividends Paid | 147.2M | 151.8M | 161.1M | 177.4M | (190.7M) | (181.2M) | |
| Change Receivables | 22.3M | 20.9M | (49.4M) | (71.7M) | (64.5M) | (61.3M) | |
| Net Borrowings | (50.1M) | 194.0M | 149.3M | 273.1M | 314.1M | 329.8M | |
| Change To Netincome | 44.4M | 30.7M | 31.4M | (17.8M) | (16.0M) | (15.2M) | |
| Investments | (137.0M) | 120K | (45.2M) | (917.2M) | (782.8M) | (743.7M) |
IDEX Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to IDEX or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that IDEX's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a IDEX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.07 | |
β | Beta against NYSE Composite | 1.19 | |
σ | Overall volatility | 1.05 | |
Ir | Information ratio | 0.08 |
IDEX Volatility Alert
IDEX Corporation has low volatility with Treynor Ratio of 0.12, Maximum Drawdown of 6.25 and kurtosis of 2.17. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure IDEX's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact IDEX's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.IDEX Fundamentals Vs Peers
Comparing IDEX's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze IDEX's direct or indirect competition across all of the common fundamentals between IDEX and the related equities. This way, we can detect undervalued stocks with similar characteristics as IDEX or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of IDEX's fundamental indicators could also be used in its relative valuation, which is a method of valuing IDEX by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare IDEX to competition |
| Fundamentals | IDEX | Peer Average |
| Return On Equity | 0.18 | -0.31 |
| Return On Asset | 0.0828 | -0.14 |
| Profit Margin | 0.18 % | (1.27) % |
| Operating Margin | 0.21 % | (5.51) % |
| Current Valuation | 18.01 B | 16.62 B |
| Shares Outstanding | 75.69 M | 571.82 M |
| Shares Owned By Insiders | 0.19 % | 10.09 % |
| Shares Owned By Institutions | 99.81 % | 39.21 % |
| Number Of Shares Shorted | 748.6 K | 4.71 M |
| Price To Earning | 32.37 X | 28.72 X |
| Price To Book | 4.97 X | 9.51 X |
| Price To Sales | 5.38 X | 11.42 X |
| Revenue | 3.27 B | 9.43 B |
| Gross Profit | 1.44 B | 27.38 B |
| EBITDA | 732.5 M | 3.9 B |
| Net Income | 595.1 M | 570.98 M |
| Cash And Equivalents | 430.2 M | 2.7 B |
| Cash Per Share | 9.63 X | 5.01 X |
| Total Debt | 1.33 B | 5.32 B |
| Debt To Equity | 0.46 % | 48.70 % |
| Current Ratio | 3.23 X | 2.16 X |
| Book Value Per Share | 46.76 X | 1.93 K |
| Cash Flow From Operations | 716.7 M | 971.22 M |
| Short Ratio | 2.28 X | 4.00 X |
| Earnings Per Share | 7.85 X | 3.12 X |
| Price To Earnings To Growth | 2.31 X | 4.89 X |
| Target Price | 242.01 | |
| Number Of Employees | 8.8 K | 18.84 K |
| Beta | 0.97 | -0.15 |
| Market Capitalization | 17.11 B | 19.03 B |
| Total Asset | 5.87 B | 29.47 B |
| Retained Earnings | 3.93 B | 9.33 B |
| Working Capital | 946 M | 1.48 B |
Note: Acquisition by Roopa Unnikrishnan of 4705 shares of IDEX at 235.13 subject to Rule 16b-3 [view details]
IDEX Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as IDEX . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About IDEX Buy or Sell Advice
When is the right time to buy or sell IDEX Corporation? Buying financial instruments such as IDEX Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.2B | 1.5B | 1.3B | 1.4B | Total Assets | 4.9B | 5.5B | 5.9B | 6.2B |
Use Investing Ideas to Build Portfolios
In addition to having IDEX in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Alternative Energy Thematic Idea Now
Alternative Energy
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alternative Energy Theme or any other thematic opportunities.
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Check out IDEX Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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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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 7.85 | 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.