Aces Electronics' market value is the price at which a share of Aces Electronics trades on a public exchange. It measures the collective expectations of Aces Electronics Co investors about its performance. Aces Electronics is selling for under 48.10 as of the 10th of January 2025; that is 2.34 percent decrease since the beginning of the trading day. The stock's lowest day price was 48.1. With this module, you can estimate the performance of a buy and hold strategy of Aces Electronics Co and determine expected loss or profit from investing in Aces Electronics over a given investment horizon. Check out Aces Electronics Correlation, Aces Electronics Volatility and Aces Electronics Alpha and Beta module to complement your research on Aces Electronics.
Please note, there is a significant difference between Aces Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aces Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aces Electronics' 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.
Aces Electronics 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Aces Electronics' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Aces Electronics.
0.00
12/11/2024
No Change 0.00
0.0
In 30 days
01/10/2025
0.00
If you would invest 0.00 in Aces Electronics on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Aces Electronics Co or generate 0.0% return on investment in Aces Electronics over 30 days. Aces Electronics is related to or competes with Chant Sincere, Altek Corp, Jentech Precision, Lotes, and Shin Zu. ACES Electronics Co., Ltd. offers connector solutions for various electronic applications in Taiwan and internationally More
Aces Electronics Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aces Electronics' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Aces Electronics Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aces Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aces Electronics' standard deviation. In reality, there are many statistical measures that can use Aces Electronics historical prices to predict the future Aces Electronics' volatility.
Aces Electronics secures Sharpe Ratio (or Efficiency) of -0.095, which signifies that the company had a -0.095% return per unit of standard deviation over the last 3 months. Aces Electronics Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aces Electronics' mean deviation of 2.03, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aces Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aces Electronics is expected to be smaller as well. At this point, Aces Electronics has a negative expected return of -0.25%. Please make sure to confirm Aces Electronics' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Aces Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation
0.47
Average predictability
Aces Electronics Co has average predictability. Overlapping area represents the amount of predictability between Aces Electronics time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aces Electronics price movement. The serial correlation of 0.47 indicates that about 47.0% of current Aces Electronics price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.08
Residual Average
0.0
Price Variance
0.29
Aces Electronics lagged returns against current returns
Autocorrelation, which is Aces Electronics stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Aces Electronics' stock expected returns. We can calculate the autocorrelation of Aces Electronics returns to help us make a trade decision. For example, suppose you find that Aces Electronics has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Aces Electronics regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Aces Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aces Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aces Electronics stock over time.
Current vs Lagged Prices
Timeline
Aces Electronics Lagged Returns
When evaluating Aces Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aces Electronics stock have on its future price. Aces Electronics autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Aces Electronics autocorrelation shows the relationship between Aces Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Aces Electronics Co.
Regressed Prices
Timeline
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.
When running Aces Electronics' price analysis, check to measure Aces Electronics' 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 Aces Electronics is operating at the current time. Most of Aces Electronics' value examination focuses on studying past and present price action to predict the probability of Aces Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aces Electronics' price. Additionally, you may evaluate how the addition of Aces Electronics to your portfolios can decrease your overall portfolio volatility.