Ace Indonesia reports 17.2 pct rise... - DIY International
| ACES Stock | IDR 535.00 10.00 1.83% |
About 62% of Ace Hardware's investor base is looking to short. The analysis of current outlook of investing in Ace Hardware Indonesia suggests that many traders are alarmed regarding Ace Hardware's prospects. Ace Hardware's investing sentiment shows overall attitude of investors towards Ace Hardware Indonesia.
Ace |
Ace Indonesia reports 17.2 pct rise... DIY International
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Ace Hardware Fundamental Analysis
We analyze Ace Hardware's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ace Hardware using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ace Hardware 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.
Z Score
Z Score Comparative Analysis
Ace Hardware is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor 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..
Ace Hardware Indonesia Potential Pair-trading
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 Ace Hardware stock to make a market-neutral strategy. Peer analysis of Ace Hardware could also be used in its relative valuation, which is a method of valuing Ace Hardware by comparing valuation metrics with similar companies.
Peers
Ace Hardware Related Equities
| JPFA | Japfa Comfeed | 3.97 | ||||
| PWON | Pakuwon Jati | 1.03 | ||||
| CPIN | Charoen Pokphand | 0.61 | ||||
| ICBP | Indofood Cbp | 1.12 | ||||
| ERAA | Erajaya Swasembada | 4.23 |
Other Information on Investing in Ace Stock
Ace Hardware financial ratios help investors to determine whether Ace Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ace with respect to the benefits of owning Ace Hardware security.