ACE 24 Competition

Etfs . Korea . 
Etf . ACE 24 12 Term
448880 Etf   106,330  25.00  0.02%   
ACE 24 12 competes with Busan Industrial, UNISEM, Finebesteel, Shinhan Inverse, and Fine Besteel; as well as few others. Analyzing ACE 24 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 ACE 24 to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
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 ACE 24 competition on your existing holdings.
  
Specify up to 10 symbols:
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ACE 24. Your research has to be compared to or analyzed against ACE 24's peers to derive any actionable benefits. When done correctly, ACE 24's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ACE 24 12.

ACE 24 Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ACE 24 and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of ACE 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 ACE 24 12 does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
JPM
+ 0.86
CRM
CRM
+ 0.81
T
XOM
+ 0.73
META
JPM
+ 0.7
F
XOM
+ 0.65
CRM
CRM
+ 0.64
META
  
High negative correlations   
MRK
- 0.91
CRM
MRK
- 0.83
JPM
MRK
- 0.79
T
JPM
- 0.6
A
XOM
- 0.56
MRK
MRK
- 0.53
META

ACE 24 Competition Risk-Adjusted Indicators

There is a big difference between ACE Etf performing well and ACE 24 ETF 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 ACE 24's 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
META  1.07  0.07  0.02  0.23  1.41 
(1.14)
 2.62 
(3.15)
 8.02 
MSFT  0.90 (0.04)(0.05) 0.07  1.50 
(0.86)
 2.09 
(1.85)
 8.19 
UBER  1.61 (0.11)(0.04) 0.02  2.32 
(1.70)
 2.69 
(2.53)
 20.10 
F  1.42 (0.15)(0.04) 0.03  2.23 
(1.39)
 2.53 
(2.90)
 11.21 
T  0.92  0.26  0.12 (7.83) 0.86 
(1.06)
 2.56 
(1.72)
 6.47 
A  1.17 (0.09) 0.00 (0.06) 0.00 
 0.00 
 2.71 
(2.42)
 9.02 
CRM  1.31  0.23  0.18  0.34  1.08 
(1.53)
 3.18 
(1.91)
 9.98 
JPM  1.12 (0.04) 0.05  0.11  1.38 
(1.23)
 2.05 
(2.00)
 15.87 
MRK  0.91 (0.24) 0.00 (0.86) 0.00 
 0.00 
 2.00 
(2.13)
 4.89 
XOM  1.00 (0.03)(0.07) 0.06  1.31 
(1.04)
 2.10 
(2.09)
 5.74 
All Fundamental Data

ACE 24 Competitive Analysis

The better you understand ACE 24 competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ACE 24's 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 ACE 24's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
448880 011390 011390 006805 500015 036200 133820 500003 133820 267250
 0.02 
 106,330 
ACE
 3.61 
 61,400 
Busan
 3.61 
 61,400 
Busan
 0.88 
 4,480 
Mirae
 0.91 
 7,215 
Shinhan
 2.31 
 5,920 
UNISEM
 4.82 
 1,047 
Finebesteel
 0.54 
 2,785 
Shinhan
 4.82 
 1,047 
Fine
 1.14 
 77,800 
Hyundai
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Market Crasher
Modest
Modest
Insignificant
Very Weak
Very Weak
Modest
Weak
Modest
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Unknown
Low
Unknown
Unknown
Unknown
Low
Low
Low
Low
Below Average
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
N/A
3.52
N/A
N/A
N/A
N/A
Net Asset
N/A
232.94 B
183.24 B
N/A
N/A
35.82 T
Profit Margin
N/A
0.12
0.0673
N/A
N/A
0.0213
EBITDA
N/A
48.39 B
15.33 B
N/A
N/A
1.71 T
Operating Margin
N/A
0.16
0.0934
N/A
N/A
0.0601
Current Valuation
N/A
388.7 B
138.3 B
N/A
N/A
18.9 T
Price To Book
N/A
N/A
0.8
N/A
N/A
0.63
Retained Earnings
N/A
32.16 B
N/A
N/A
N/A
N/A
Current Asset
N/A
60.66 B
N/A
N/A
N/A
N/A
Beta
N/A
1.45
1.23
N/A
N/A
0.9
Number Of Employees
N/A
707
2
N/A
N/A
55
Shares Outstanding
N/A
28.91 M
29.78 M
N/A
N/A
70.67 M
Cash Flow From Operations
N/A
45.18 B
11.17 B
N/A
N/A
205.8 B
Annual Yield
N/A
0.0104
N/A
N/A
N/A
0.12
Total Debt
N/A
1.85 B
5.09 B
N/A
N/A
9.41 T
Return On Equity
N/A
13.1
0.13
N/A
N/A
0.11
Z Score
N/A
65.2
7.2
N/A
N/A
N/A
Return On Asset
N/A
0.14
0.0502
N/A
N/A
0.0372
Current Liabilities
N/A
21.04 B
N/A
N/A
N/A
N/A
Total Asset
N/A
232.94 B
183.24 B
N/A
N/A
35.82 T
Debt To Equity
N/A
0.099
N/A
N/A
N/A
N/A
Target Price
N/A
10000.0
N/A
N/A
N/A
79800.0
Last Dividend Paid
N/A
40.0
N/A
N/A
N/A
7400.0
Shares Owned By Institutions
N/A
5.41
0.01
N/A
N/A
18.6
Market Capitalization
N/A
197.74 B
63.58 B
N/A
N/A
4.35 T
Price To Earning
N/A
57.76
N/A
N/A
N/A
N/A
Price To Sales
N/A
0.64
0.45
N/A
N/A
0.0868
Net Income
N/A
38.16 B
2.37 B
N/A
N/A
(132.3 B)
Earnings Per Share
N/A
334.39
N/A
N/A
N/A
N/A
Shares Owned By Insiders
N/A
29.03
51.0
N/A
N/A
36.3
Revenue
N/A
296.08 B
124.08 B
N/A
N/A
28.16 T
Working Capital
N/A
39.62 B
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
77.9 B
N/A
N/A
N/A
N/A
Gross Profit
N/A
73.09 B
11.61 B
N/A
N/A
2.65 T
Day Typical Price
106320.0
61700.0
61700.0
4538.33
7203.33
5943.33
1076.0
2788.33
1076.0
78066.67
Accumulation Distribution
3.0E-4
2100.22
2100.22
6289.56
0.0062
0.0347
5258.72
0.86
0.0868
3432.61
Market Facilitation Index
30.0
0.0917
0.0917
0.0012
45.0
210.0
0.0016
0.17
99.0
0.0178
Daily Balance Of Power
0.8333
(0.66)
(0.66)
(0.22)
1.444444
(0.67)
(0.54)
(0.75)
(0.54)
(0.41)
Period Momentum Indicator
25.0
(2,300)
(2,300)
(40.00)
65.0
(140.00)
(53.00)
(15.00)
(53.00)
(900.00)
Rate Of Daily Change
1.0
0.96
0.96
0.99
1.01
0.98
0.95
0.99
0.95
0.99
Day Median Price
106315.0
61850.0
61850.0
4567.5
7197.5
5955.0
1090.5
2790.0
1090.5
78200.0
Price Action Indicator
27.5
(1,600)
(1,600)
(107.50)
50.0
(105.00)
(70.00)
(12.50)
(70.00)
(850.00)
Relative Strength Index
97.91
61.41
61.41
65.32
39.87
31.42
80.64
50.91
72.29
44.82
Coefficient Of Variation
91.38
1740.97
1740.97
2308.65
(15,062)
(951.88)
2211.98
7037.07
2211.98
(5,031)
Mean Deviation
0.0095
2.75
2.75
1.3
1.66
2.41
2.05
1.64
2.05
1.39
Jensen Alpha
0.0042
0.2201
0.2201
0.1313
0.0199
(0.36)
0.0736
0.0321
0.0736
(0.07)
Total Risk Alpha
0.0018
(0.59)
(0.59)
(0.50)
(0.37)
(0.88)
(0.40)
(0.33)
(0.40)
(0.36)
Sortino Ratio
N/A
0.0473
0.0473
0.0162
N/A
N/A
0.0036
(0.05)
0.0036
N/A
Downside Variance
N/A
12.39
12.39
4.71
N/A
N/A
5.29
3.94
5.29
N/A
Standard Deviation
0.0128
5.29
5.29
3.99
2.08
3.2
3.23
2.11
3.23
1.9
Kurtosis
3.5
16.59
16.59
49.39
(0.24)
0.9365
15.06
0.1659
15.06
1.07
Potential Upside
0.0331
5.62
5.62
1.44
2.86
6.07
3.59
4.16
3.59
2.8
Treynor Ratio
(1.98)
0.5078
0.5078
0.6604
0.0695
(3.54)
0.2783
(0.21)
0.2783
(0.25)
Maximum Drawdown
0.071
43.62
43.62
37.44
8.67
16.12
25.82
9.46
25.82
9.29
Variance
2.0E-4
28.0
28.0
15.9
4.33
10.23
10.42
4.47
10.42
3.61
Market Risk Adjusted Performance
(1.97)
0.5178
0.5178
0.6704
0.0795
(3.53)
0.2883
(0.20)
0.2883
(0.24)
Risk Adjusted Performance
0.2473
0.0525
0.0525
0.0412
0.0013
(0.07)
0.0422
0.0172
0.0422
(0.01)
Skewness
1.3
3.05
3.05
6.41
(0.45)
0.8194
2.66
0.5202
2.66
(0.79)
Semi Deviation
N/A
3.19
3.19
1.68
N/A
N/A
2.14
1.83
2.14
N/A
Information Ratio
(9.69)
0.0314
0.0314
0.0088
(0.07)
(0.15)
0.0026
(0.05)
0.0026
(0.09)
Value At Risk
N/A
(4.82)
(4.82)
(2.55)
(4.10)
(4.11)
(3.69)
(3.07)
(3.69)
(3.21)
Expected Short fall
N/A
(3.54)
(3.54)
(1.50)
N/A
N/A
(2.65)
(1.90)
(2.65)
N/A
Downside Deviation
N/A
3.52
3.52
2.17
N/A
N/A
2.3
1.99
2.3
N/A
Semi Variance
N/A
10.17
10.17
2.81
N/A
N/A
4.59
3.36
4.59
N/A

ACE 24 Competition Performance Charts

Five steps to successful analysis of ACE 24 Competition

ACE 24's 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 ACE 24 12 in relation to its competition. ACE 24's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of ACE 24 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 ACE 24's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ACE 24 12, 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 ACE 24 position

In addition to having ACE 24 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 Crypto And Gold Thematic Idea Now

Crypto And Gold
Crypto And Gold Theme
Assets that cancel away each other volatility by providing diversification into gold investment combined with digital assets. The Crypto And Gold theme has 54 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 Crypto And Gold Theme or any other thematic opportunities.
View All  Next Launch
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY