Ideanomics Competitors

Delisted . USA . 
Stock . Ideanomics
IDEXDelisted Stock  USD 0.06  0.04  175.00%   
Ideanomics competes with Deere, Caterpillar, Xos, Wabash National, and Hydrofarm Holdings; as well as few others. The company conducts business under Software sector and is part of Information Technology industry. Analyzing Ideanomics competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Ideanomics to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Ideanomics competition on your existing holdings.
  
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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.
Hype
Prediction
LowEstimatedHigh
0.050.060.06
Details
Intrinsic
Valuation
LowRealHigh
0.050.050.06
Details
Naive
Forecast
LowNextHigh
0.140.140.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
-0.020.020.05
Details

Ideanomics Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ideanomics and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Ideanomics and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ideanomics does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
TWI
+ 0.86
WNC
TWI
+ 0.82
CAT
HYFM
+ 0.72
CAT
WNC
+ 0.62
CAT
CAT
+ 0.6
DE
TWI
+ 0.58
NKLA
  
High negative correlations   
NKLA
- 0.76
XOS
XOS
- 0.71
DE
TWI
- 0.58
XOS
XOS
- 0.51
CAT
WNC
- 0.46
XOS
HYFM
- 0.35
XOS

Risk-Adjusted Indicators

There is a big difference between Ideanomics Stock performing well and Ideanomics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ideanomics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DE  1.00  0.04 (0.01) 0.23  0.86 
(1.15)
 2.94 
(1.43)
 6.00 
CAT  1.05  0.35  0.49  0.46  0.00 
(1.42)
 2.92 
(1.08)
 7.20 
ZEV  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
LEV  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
XOS  2.05 (0.53) 0.00 (0.16) 0.00 
 0.00 
 3.98 
(4.35)
 11.08 
NKLA  3.76 (1.57) 0.00  1.97  0.00 
 0.00 
 8.33 
(10.79)
 22.99 
WNC  3.13 (0.16) 0.00  0.10  5.75 
(3.24)
 7.18 
(5.11)
 34.02 
HYFM  4.21  0.74  0.17  0.58  4.58 
(4.82)
 9.14 
(7.56)
 38.03 
HIPH  254.69  146.23  1.46 (2.65) 46.52 
(775.00)
 1,000.00 
(100.00)
 1,100 
TWI  2.75  0.07  0.10  0.21  2.76 
(3.47)
 8.40 
(3.82)
 18.78 
All Fundamental Data

Ideanomics Competitive Analysis

The better you understand Ideanomics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ideanomics' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ideanomics' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
IDEX DE CAT XOS NKLA WNC HYFM HIPH TWI UGRO
 175.00 
 0.06 
Ideanomics
 1.32 
 510.55 
Deere
 0.19 
 432.94 
Caterpillar
 5.09 
 3.17 
Xos
 4.48 
 0.06 
Nikola
 4.41 
 10.41 
Wabash
 8.48 
 4.21 
Hydrofarm
 50.00 
 0.0001 
American
 0.42 
 9.53 
Titan
 20.45 
 0.53 
Urban
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Moderately volatile
Out of control
Somewhat reliable
Unstable
Out of control
Somewhat reliable
Abnormally volatile
Market Performance
(90 Days Performance)
Very Weak
OK
Very Strong
Very Weak
Very Weak
Solid
Good
Strong
OK
Insignificant
Odds of Financial Distress
(Probability Of Bankruptcy)
Dangerous
Very Small
Very Small
Very High
Dangerous
Low
Quite High
Below Average
Below Average
High
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Fairly Valued
Under Valued
Over Valued
Over Valued
Under Valued
Over Valued
Under Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Buy
Buy
Buy
Not Available
Buy
Hold
Not Available
Strong Buy
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Strong Hold
Strong Buy
Strong Sell
Not Rated
Strong Sell
Hold
Strong Sell
Cautious Hold
Strong Sell
Current Ratio
2.74
1.98
1.41
7.68
1.75
1.7
3.83
0.1
1.91
2.46
Net Asset
116.88 M
107.32 B
87.76 B
98.33 M
1.27 B
1.41 B
426.1 M
275.07 K
1.58 B
64.38 M
Profit Margin
N/A
0.12
0.16
-1.01
N/A
-0.0638
-0.39
N/A
-0.0083
-0.22
EBITDA
(188.04 M)
14.67 B
16.04 B
(40.73 M)
(736.28 M)
(299.77 M)
(19.92 M)
(2.62 M)
105.4 M
(16.99 M)
Operating Margin
-4.5
0.19
0.18
-1.58
-5.77
-0.0103
-0.26
-12.57
0.0248
-0.36
Current Valuation
50.35 M
195.61 B
238.64 B
64.47 M
164.67 M
818.74 M
173.25 M
501.88 K
1.14 B
10.89 M
Price To Book
0.66
5.69
11.27
1.06
0.0267
1.11
0.0931
N/A
1.14
2.33
Retained Earnings
(1.09 B)
56.4 B
59.35 B
(203.42 M)
(3.07 B)
105.63 M
(557.46 M)
(103.88 M)
164.06 M
(56.8 M)
Current Asset
6.93 M
12.18 B
34.42 B
N/A
N/A
232.75 M
N/A
5 K
710 M
N/A
Five Year Return
N/A
1.47
2.42
N/A
N/A
2.06
N/A
N/A
0.41
N/A
Beta
0.23
1.09
1.38
1.62
1.97
1.65
2.39
9.72
2.04
0.85
Number Of Employees
295
75.8 K
112.9 K
109
870
6 K
286
1
8.3 K
130
Shares Outstanding
11.99 M
270.83 M
470.32 M
8.31 M
84.47 M
41.87 M
4.64 M
205.95 M
63.7 M
12.7 M
Cash Flow From Operations
(52.66 M)
9.23 B
12.04 B
(48.8 M)
(496.18 M)
117.27 M
(324 K)
12.91 K
141.49 M
(11.19 M)
Annual Yield
N/A
0.0125
0.0139
N/A
N/A
0.0321
N/A
N/A
N/A
N/A
Total Debt
42.54 M
65.46 B
38.41 B
43.01 M
284.86 M
433.56 M
169.53 M
N/A
683.46 M
5.29 M
Return On Equity
-3.24
0.24
0.56
-1.07
-1.29
-0.23
-0.28
N/A
-0.0231
-0.99
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
-0.35
0.0431
0.094
-0.25
-0.31
-0.0549
-0.056
-11.74
0.0075
-0.15
Number Of Shares Shorted
1.62 M
4.75 M
5.78 M
415.57 K
19.96 M
2.41 M
124.33 K
N/A
2.47 M
486.39 K
Book Value Per Share
-1.84
89.68
38.35
3.06
6.86
9.38
45.49
-0.035
8.39
0.19
Current Liabilities
6.21 M
19.24 B
26.3 B
N/A
N/A
177.7 M
N/A
3.24 M
270.1 M
N/A
Total Asset
116.88 M
107.32 B
87.76 B
98.33 M
1.27 B
1.41 B
426.1 M
275.07 K
1.58 B
64.38 M
Debt To Equity
0.11
2.55
2.34
0.55
0.54
1.23
0.45
54.4
1.43
0.015
Short Ratio
6.16
4.03
2.11
23.15
1.04
4.27
16.05
N/A
3.86
0.81
Target Price
1.0
546.66
405.33
6.0
18.0
12.75
6.5
N/A
12.0
2.77
Last Dividend Paid
N/A
6.18
5.64
N/A
N/A
0.32
N/A
N/A
N/A
N/A
Shares Owned By Institutions
0.13
82.73
72.29
2.72
37.58
95.81
20.43
N/A
94.81
11.37
Market Capitalization
42.14 K
138.27 B
204 B
26.35 M
15.46 M
435.87 M
21.36 M
450.51 K
607.1 M
5.59 M
Price To Earning
16.47
22.06
17.15
8.26
N/A
108.81
6.87
N/A
5.84
127.67
Price To Earnings To Growth
N/A
1.56
2.88
N/A
-0.1
1.0
-0.03
N/A
-1.21
-0.24
Price To Sales
0.0027
3.05
3.22
0.54
0.2
0.25
0.12
3.03
0.33
0.0931
Net Income
(194.55 M)
7.09 B
10.79 B
(50.16 M)
(864.62 M)
(283.07 M)
(66.72 M)
(2.84 M)
(3.59 M)
(18.68 M)
Earnings Per Share
-20.59
20.7
20.48
-6.15
-12.34
-2.22
-13.62
-0.26
-0.23
-1.05
Shares Owned By Insiders
2.13
0.2
0.2
60.04
3.19
4.19
22.88
N/A
5.9
21.76
Revenue
15.46 M
50.52 B
64.81 B
55.96 M
35.84 M
1.95 B
190.29 M
208.96 K
1.85 B
71.54 M
Working Capital
(85.03 M)
39.33 B
13.41 B
35.63 M
312.31 M
286.08 M
60.23 M
(3.24 M)
524.68 M
(1.16 M)
Cash And Equivalents
25.19 M
7.32 B
6.89 B
106.37 M
319.94 M
115.48 M
16.49 M
96.39 K
195.97 M
22.77 M
Cash Per Share
0.05
12.74
14.27
0.63
0.67
1.7
0.37
N/A
1.86
2.14
Gross Profit
(2.71 M)
12.81 B
20.14 B
2.39 M
(212.48 M)
159.37 M
30.3 M
257.63 K
239.55 M
9 M
Day Typical Price
0.0433
512.04
433.49
3.21
0.0599
10.16
4.29
1.0E-4
9.6
0.51
Accumulation Distribution
0.64
0.0144
0.0121
0.0512
0.33
0.084
0.12
0.5
0.0407
0.2
Market Facilitation Index
0.035
7.46
5.28
0.17
0.023
0.88
0.54
1.0E-4
0.4
0.11
Daily Balance Of Power
1.0
(0.92)
(0.15)
(1.00)
0.1174
0.5
(0.72)
(1.00)
(0.10)
0.8182
Period Momentum Indicator
0.035
(6.83)
(0.81)
(0.17)
0.0027
0.44
(0.39)
(0.0001)
(0.04)
0.09
Rate Of Daily Change
2.75
0.99
1.0
0.95
1.04
1.04
0.92
0.5
1.0
1.2
Day Median Price
0.0375
512.78
433.76
3.24
0.0583
10.04
4.33
1.0E-4
9.63
0.5
Price Action Indicator
0.035
(5.64)
(1.22)
(0.15)
0.0061
0.59
(0.31)
(0.0001)
(0.12)
0.08
Coefficient Of Variation
N/A
735.46
225.64
(1,077)
(287.55)
2527.22
532.12
266.33
820.88
1719.52
Mean Deviation
N/A
1.0
1.05
2.05
3.76
3.13
4.21
254.69
2.75
4.14
Jensen Alpha
N/A
0.035
0.3518
(0.53)
(1.57)
(0.16)
0.7373
146.23
0.0702
0.4163
Total Risk Alpha
N/A
(0.14)
0.2683
(0.86)
(2.89)
(1.03)
(0.28)
51.09
(0.47)
(1.13)
Sortino Ratio
N/A
(0.01)
0.4945
N/A
N/A
0.0022
0.1712
1.46
0.0983
0.0371
Downside Variance
N/A
1.11
0.6617
N/A
N/A
41.65
27.34
8750.0
9.54
22.62
Standard Deviation
N/A
1.35
1.34
2.6
4.94
5.19
5.78
364.57
4.06
6.32
Kurtosis
N/A
0.6761
1.16
(0.50)
0.511
18.64
3.49
2.1
4.63
4.0
Potential Upside
N/A
2.94
2.92
3.98
8.33
7.18
9.14
1000.0
8.4
15.15
Treynor Ratio
N/A
0.2268
0.4562
(0.16)
1.97
0.0985
0.5751
(2.65)
0.2117
(1.10)
Maximum Drawdown
N/A
6.0
7.2
11.08
22.99
34.02
38.03
1100.0
18.78
28.03
Variance
N/A
1.82
1.79
6.74
24.37
26.91
33.39
132908.47
16.49
39.91
Market Risk Adjusted Performance
N/A
0.2368
0.4662
(0.15)
1.98
0.1085
0.5851
(2.64)
0.2217
(1.09)
Risk Adjusted Performance
N/A
0.1089
0.3452
(0.06)
(0.26)
0.039
0.1533
0.2989
0.1018
0.0535
Skewness
N/A
0.8803
0.8163
(0.03)
(0.56)
(3.08)
0.8082
1.98
0.8253
1.82
Semi Deviation
N/A
0.8589
0.0
N/A
N/A
5.75
4.58
46.52
2.76
3.45
Information Ratio
N/A
(0.01)
0.3005
(0.17)
(0.39)
0.0027
0.1549
0.375
0.0748
0.0279
Value At Risk
N/A
(1.43)
(1.08)
(4.35)
(10.79)
(5.11)
(7.56)
(100.00)
(3.82)
(6.06)
Expected Short fall
N/A
(1.15)
(1.42)
N/A
N/A
(3.24)
(4.82)
(775.00)
(3.47)
(8.92)
Downside Deviation
N/A
1.05
0.8134
N/A
N/A
6.45
5.23
93.54
3.09
4.76
Semi Variance
N/A
0.7378
(0.1)
N/A
N/A
33.11
20.99
2164.35
7.61
11.92

Ideanomics Competition Performance Charts

Five steps to successful analysis of Ideanomics Competition

Ideanomics' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ideanomics in relation to its competition. Ideanomics' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Ideanomics in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ideanomics' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ideanomics, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Ideanomics position

In addition to having Ideanomics 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.

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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 Hybrid Mix Funds Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Other Consideration for investing in Ideanomics Stock

If you are still planning to invest in Ideanomics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ideanomics' history and understand the potential risks before investing.
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