IEX Stock | | | USD 231.10 0.00 0.00% |
IDEX financial indicator trend analysis is infinitely more than just investigating IDEX recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDEX is a good investment. Please check the relationship between IDEX Ptb Ratio and its Pfcf Ratio accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. 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.
Ptb Ratio vs Pfcf Ratio
Ptb Ratio vs Pfcf Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
IDEX Ptb Ratio account and
Pfcf Ratio. At this time, the significance of the direction appears to have strong relationship.
The correlation between IDEX's Ptb Ratio and Pfcf Ratio is 0.71. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Pfcf Ratio in the same time period over historical financial statements of IDEX Corporation, assuming nothing else is changed. The correlation between historical values of IDEX's Ptb Ratio and Pfcf Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of IDEX Corporation are associated (or correlated) with its Pfcf Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pfcf Ratio has no effect on the direction of Ptb Ratio i.e., IDEX's Ptb Ratio and Pfcf Ratio go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Pfcf Ratio
Most indicators from IDEX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDEX current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. 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.
Enterprise Value is likely to rise to about 1.2
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 374.8
M in 2024.
IDEX fundamental ratios Correlations
Click cells to compare fundamentals
IDEX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IDEX fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional 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.