Ace Hardware (Indonesia) Market Value
| ACES Stock | IDR 800.00 30.00 3.61% |
| Symbol | Ace |
Ace Hardware '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 Ace Hardware's 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 Ace Hardware.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ace Hardware on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ace Hardware Indonesia or generate 0.0% return on investment in Ace Hardware over 30 days. Ace Hardware is related to or competes with Ricky Putra, Asia Pacific, and Prima Alloy. More
Ace Hardware 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 Ace Hardware's 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 Ace Hardware Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.0239 | |||
| Maximum Drawdown | 15.46 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.02 |
Ace Hardware Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ace Hardware's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ace Hardware's standard deviation. In reality, there are many statistical measures that can use Ace Hardware historical prices to predict the future Ace Hardware's volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | 0.2428 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0264 | |||
| Treynor Ratio | (0.20) |
Ace Hardware Indonesia Backtested Returns
Ace Hardware appears to be very steady, given 3 months investment horizon. Ace Hardware Indonesia secures Sharpe Ratio (or Efficiency) of 0.0761, which signifies that the company had a 0.0761% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ace Hardware Indonesia, which you can use to evaluate the volatility of the firm. Please makes use of Ace Hardware's risk adjusted performance of 0.0578, and Mean Deviation of 1.91 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ace Hardware holds a performance score of 5. The firm shows a Beta (market volatility) of -0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ace Hardware are expected to decrease at a much lower rate. During the bear market, Ace Hardware is likely to outperform the market. Please check Ace Hardware's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Ace Hardware's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Ace Hardware Indonesia has good predictability. Overlapping area represents the amount of predictability between Ace Hardware time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ace Hardware Indonesia price movement. The serial correlation of 0.73 indicates that around 73.0% of current Ace Hardware price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 188.89 |
Ace Hardware Indonesia lagged returns against current returns
Autocorrelation, which is Ace Hardware 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 Ace Hardware's stock expected returns. We can calculate the autocorrelation of Ace Hardware returns to help us make a trade decision. For example, suppose you find that Ace Hardware 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 |
Ace Hardware 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 Ace Hardware stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ace Hardware stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ace Hardware stock over time.
Current vs Lagged Prices |
| Timeline |
Ace Hardware Lagged Returns
When evaluating Ace Hardware's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ace Hardware stock have on its future price. Ace Hardware 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, Ace Hardware autocorrelation shows the relationship between Ace Hardware stock current value and its past values and can show if there is a momentum factor associated with investing in Ace Hardware Indonesia.
Regressed Prices |
| Timeline |
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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.