Ideanomics Correlations

IDEXDelisted Stock

USD 0.06 0.04 175.00%

The correlation of Ideanomics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Ideanomics Correlation With Market

Good diversification

The correlation between Ideanomics and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ideanomics and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ideanomics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ideanomics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ideanomics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ideanomics to buy it.

Moving together with Ideanomics OTC Stock

0.66	ASST	Strive Asset Management	Pair Corr
0.81	CNTRF	Centr Brands Corp	Pair Corr

Moving against Ideanomics OTC Stock

0.78	DVNHF	Frontier Services	Pair Corr
0.51	NTR	Nutrien	Pair Corr
0.49	WEGZY	WEG SA ADR	Pair Corr
0.48	MFA	MFA Financial	Pair Corr
0.48	GVA	Granite Construction	Pair Corr
0.46	LAR	Lithium Argentina Symbol Change	Pair Corr
0.45	MATX	Matson Inc	Pair Corr
0.44	DTSQU	DT Cloud Star	Pair Corr
0.42	SITM	Sitime	Pair Corr
0.36	NXTC	NextCure	Pair Corr
0.35	HAVLF	HAVN Life Sciences	Pair Corr
0.76	MH	McGraw Hill	Pair Corr
0.69	BIIB	Biogen Inc	Pair Corr
0.64	PITAF	Poste Italiane SpA	Pair Corr
0.58	PILBF	Pilbara Minerals	Pair Corr
0.57	FSBW	FS Bancorp Earnings Call Today	Pair Corr
0.57	EDVMF	Endeavour Mining Corp	Pair Corr
0.56	BNPQY	BNP Paribas SA	Pair Corr
0.53	FOSL	Fossil Group	Pair Corr
0.5	ROL	Rollins	Pair Corr
0.5	HL	Hecla Mining Aggressive Push	Pair Corr
0.49	SMEGF	Siemens Energy AG	Pair Corr
0.45	GM	General Motors Earnings Call This Week	Pair Corr
0.44	RIOFF	Rio2 Limited	Pair Corr
0.44	CHRW	CH Robinson Worldwide Earnings Call This Week	Pair Corr
0.37	VLY	Valley National Bancorp Earnings Call Today	Pair Corr

Related Correlations Analysis

	DE	CAT	ZEV	LEV	XOS	NKLA	WNC	HYFM	HIPH	TWI
DE		0.64	0.0	0.0	-0.35	-0.5	0.55	-0.43	0.02	0.67	DE
CAT	0.64		0.0	0.0	-0.58	-0.54	0.66	-0.6	0.19	0.8	CAT
ZEV	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ZEV
LEV	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LEV
XOS	-0.35	-0.58	0.0	0.0		0.37	-0.27	0.8	-0.2	-0.38	XOS
NKLA	-0.5	-0.54	0.0	0.0	0.37		-0.43	0.34	-0.09	-0.52	NKLA
WNC	0.55	0.66	0.0	0.0	-0.27	-0.43		-0.13	0.2	0.72	WNC
HYFM	-0.43	-0.6	0.0	0.0	0.8	0.34	-0.13		-0.15	-0.39	HYFM
HIPH	0.02	0.19	0.0	0.0	-0.2	-0.09	0.2	-0.15		0.18	HIPH
TWI	0.67	0.8	0.0	0.0	-0.38	-0.52	0.72	-0.39	0.18		TWI
	DE	CAT	ZEV	LEV	XOS	NKLA	WNC	HYFM	HIPH	TWI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TWI	+ 0.8	CAT
HYFM	+ 0.8	XOS
TWI	+ 0.72	WNC
TWI	+ 0.67	DE
WNC	+ 0.66	CAT
CAT	+ 0.64	DE

High negative correlations

HYFM	- 0.6	CAT
XOS	- 0.58	CAT
NKLA	- 0.54	CAT
TWI	- 0.52	NKLA
NKLA	- 0.5	DE
WNC	- 0.43	NKLA

Risk-Adjusted Indicators

There is a big difference between Ideanomics OTC Stock performing well and Ideanomics OTC Stock 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DE	1.13	0.16	0.08	0.37	1.49	(1.18)	2.52	(2.07)	7.96
CAT	1.56	0.18	0.10	0.18	1.85	(1.66)	3.53	(4.03)	16.22
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	2.53	(0.55)	0.00	(0.21)	0.00	0.00	4.50	(6.10)	12.05
NKLA	6.18	0.37	0.02	(0.39)	7.78	(20.72)	8.33	(9.09)	185.83
WNC	2.18	0.09	0.06	0.11	2.20	(2.70)	5.40	(3.78)	13.71
HYFM	5.10	(0.83)	0.00	(0.62)	0.00	0.00	12.26	(10.00)	47.42
HIPH	17.36	4.78	0.08	(1.19)	15.80	(100.00)	100.00	(50.00)	150.00
TWI	2.06	0.32	0.13	0.73	1.96	(2.47)	4.38	(3.12)	11.73

Ideanomics Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ideanomics otc stock to make a market-neutral strategy. Peer analysis of Ideanomics could also be used in its relative valuation, which is a method of valuing Ideanomics by comparing valuation metrics with similar companies.

Deere Company Caterpillar Lightning EMotors Lion Electric Corp Xos Inc Nikola Corp Wabash National Hydrofarm Holdings Group American Premium Water Titan International Urban Gro CEAD Old Volvo AB ADR Gencor Industries American Airlines Group

Risk & Return

Correlation

Ideanomics Corporate Management

Elected by the shareholders, the Ideanomics' board of directors comprises two types of representatives: Ideanomics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ideanomics. The board's role is to monitor Ideanomics' management team and ensure that shareholders' interests are well served. Ideanomics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ideanomics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Hao Li	Head Group	Profile
Liqing Hu	Chief Works	Profile
George Yuan	Chief BBDCG	Profile
Ryan Jenkins	Chief Officer	Profile
Anthony Sklar	Senior Relations	Profile
Paula WhittenDoolin	G Counsel	Profile

Still Interested in Ideanomics?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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