Ideanomics Z Score
IDEX  Stock  USD 0.22 0.01 4.35% 
Ideanomics  Z Score 
Ideanomics Z Score Analysis
Ideanomics' ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..2021  2022 (projected)  
Receivables  58.94 M  63.6 M 
Inventories  5.54 M  5.98 M 
Z Score  =  Sum Of   5 Factors 
Current Ideanomics Z Score  42.71 
Most of Ideanomics' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ideanomics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Ideanomics Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Ideanomics is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Ideanomics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ideanomics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ideanomics' interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition 
According to the company's disclosures, Ideanomics has a Z Score of 42.71. This is 1149.39% lower than that of the Industrials sector and significantly lower than that of the Farm & Heavy Construction Machinery industry. The z score for all United States stocks is notably higher than that of the company.
Ideanomics Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ideanomics' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ideanomics could also be used in its relative valuation, which is a method of valuing Ideanomics by comparing valuation metrics of similar companies.Ideanomics is currently under evaluation in z score category among related companies.
Ideanomics Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ideanomics from analyzing Ideanomics' financial statements. These drivers represent accounts that assess Ideanomics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ideanomics' important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  (140.51 K)  (548.53 K)  (1.63 M)  (890.43 K)  (457.98 K)  (494.14 K)  
Revenue Per Employee  2.06 M  7.55 M  742.78 K  242.6 K  204.08 K  209.45 K  
Average Assets  70.73 M  138.9 M  146.83 M  158.82 M  584.32 M  630.45 M  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  (9.8 M)  (27.42 M)  (90.26 M)  (89.97 M)  (267.37 M)  (274.41 M)  
Earnings Before Interest Taxes and Depreciation Amortization USD  (10.1 M)  (26.31 M)  (89.35 M)  (83 M)  (257.98 M)  (264.77 M)  
Earnings before Tax  (10.5 M)  (27.47 M)  (97.26 M)  (104.39 M)  (267.8 M)  (274.84 M)  
Average Equity  30.43 M  38.19 M  77.93 M  88.23 M  460.95 M  497.34 M  
Enterprise Value  288.57 M  120.17 M  140.02 M  468.07 M  349.49 M  377.08 M  
Free Cash Flow  (7.87 M)  (26.92 M)  (15.6 M)  (41.66 M)  (78.34 M)  (80.4 M)  
Invested Capital  26.67 M  72.91 M  33.43 M  25.34 M  124.6 M  134.44 M  
Invested Capital Average  14.01 M  42.21 M  57.82 M  37.58 M  85.65 M  92.41 M  
Market Capitalization  287.25 M  122.39 M  114.55 M  475.55 M  597.22 M  644.37 M  
Tangible Asset Value  63.3 M  90.49 M  50.83 M  203.46 M  414.73 M  447.47 M  
Working Capital  24.15 M  15.14 M  (29.3 M)  166.7 M  271.39 M  292.82 M 
Ideanomics Institutional Holders
Institutional Holdings refers to the ownership stake in Ideanomics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ideanomics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Ideanomics' value.Security Type  Shares  Value  
Zurcher Kantonalbank Zurich Cantonalbank  Common Shares  49.3 K  33 K  
Zurcher Kantonalbank Zurich Cantonalbank  Common Shares  49.3 K  55 K  
Zurcher Kantonalbank Zurich Cantonalbank  Common Shares  49.3 K  59 K  
Zurcher Kantonalbank Zurich Cantonalbank  Common Shares  49.3 K  97 K  
Zurcher Kantonalbank Zurich Cantonalbank  Common Shares  49.3 K  140 K  
Your Advocates Ltd Llp  Common Shares  10 K  29 K  
Your Advocates Ltd Llp  Common Shares  10 K  20 K  
Xr Securities Llc  Call Options  10.9 K  1000  
Wolverine Trading Llc  Put Options  101.8 K  71 K 
Ideanomics Fundamentals
Return On Equity  (73.00) %  
Return On Asset  (19.08) %  
Profit Margin  (264.79) %  
Operating Margin  (125.84) %  
Current Valuation  162.16 M  
Shares Outstanding  563.6 M  
Shares Owned by Insiders  5.32 %  
Shares Owned by Institutions  4.63 %  
Number of Shares Shorted  39.77 M  
Price to Earning  16.47 X  
Price to Book  0.48 X  
Price to Sales  1.23 X  
Revenue  111.3 M  
Gross Profit  23.23 M  
EBITDA  (140.06 M)  
Net Income  (294.72 M)  
Cash and Equivalents  25.19 M  
Cash per Share  0.05 X  
Total Debt  31.52 M  
Debt to Equity  0.11 %  
Current Ratio  2.74 X  
Book Value Per Share  0.51 X  
Cash Flow from Operations  (142.22 M)  
Short Ratio  3.25 X  
Earnings Per Share  (0.29) X  
Number of Employees  559  
Beta  0.48  
Market Capitalization  136.56 M  
Total Asset  15.12 M  
Retained Earnings  (255.02 M)  
Working Capital  719.49 K  
Current Asset  6.93 M  
Current Liabilities  6.21 M  
Z Score  42.71 
About Ideanomics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ideanomics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ideanomics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ideanomics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the offhighway and onhighway commercial vehicle markets in Asia and the United States. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York. Ideanomics operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 559 people.
Ideanomics Investors Sentiment
The influence of Ideanomics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in Ideanomics. The overall investor sentiment generally increases the direction of a stock movement in a oneyear investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Ideanomics' public news can be used to forecast risks associated with investment in Ideanomics. The trend in average sentiment can be used to explain how an investor holding Ideanomics can time the market purely based on public headlines and social activities around Ideanomics. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Ideanomics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ideanomics' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Ideanomics' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ideanomics.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ideanomics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ideanomics' short interest history, or implied volatility extrapolated from Ideanomics options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Ideanomics using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Please see Ideanomics Piotroski F Score and Ideanomics Valuation analysis. 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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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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 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.
Market Capitalization 131.7 M  Quarterly Revenue Growth YOY (0.09)  Return On Assets (0.19)  Return On Equity (0.73) 
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 Ideanomics value 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.