Ace Hardware (Indonesia) Market Value
| ACES Stock | IDR 770.00 5.00 0.65% |
| 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.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Ace Hardware on December 12, 2022 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 720 days. Ace Hardware is related to or competes with Japfa Comfeed, Charoen Pokphand, Erajaya Swasembada, Indofood Cbp, and Pakuwon Jati. 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 | 2.24 | |||
| Information Ratio | (0.01) | |||
| 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 | 0.0407 | |||
| Jensen Alpha | 0.2189 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.11) |
Ace Hardware Indonesia Backtested Returns
As of now, Ace Stock is very steady. Ace Hardware Indonesia secures Sharpe Ratio (or Efficiency) of 0.0574, which signifies that the company had a 0.0574% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Ace Hardware Indonesia, which you can use to evaluate the volatility of the firm. Please confirm Ace Hardware's mean deviation of 1.88, and Risk Adjusted Performance of 0.0407 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Ace Hardware has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.91, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Ace Hardware are expected to decrease slowly. On the other hand, during market turmoil, Ace Hardware is expected to outperform it slightly. Ace Hardware Indonesia right now shows a risk of 2.58%. Please confirm Ace Hardware Indonesia downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Ace Hardware Indonesia will be following its price patterns.
Auto-correlation | 0.21 |
Weak predictability
Ace Hardware Indonesia has weak predictability. Overlapping area represents the amount of predictability between Ace Hardware time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 0.21 indicates that over 21.0% of current Ace Hardware price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 4491.05 |
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.