PT Ace (Germany) Market Value
| 4AH1 Stock | EUR 0.04 0.0005 1.22% |
| Symbol | 4AH1 |
PT Ace '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 PT Ace'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 PT Ace.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in PT Ace on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding PT Ace Hardware or generate 0.0% return on investment in PT Ace over 30 days. PT Ace is related to or competes with Leggett Platt, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. PT Ace Hardware Indonesia Tbk engages in the retail of household appliances and lifestyle products in Indonesia More
PT Ace 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 PT Ace'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 PT Ace Hardware upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 67.62 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 6.59 |
PT Ace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Ace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Ace's standard deviation. In reality, there are many statistical measures that can use PT Ace historical prices to predict the future PT Ace's volatility.| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | 0.1341 |
PT Ace Hardware Backtested Returns
PT Ace Hardware retains Efficiency (Sharpe Ratio) of -0.0613, which implies the firm had a -0.0613% return per unit of price deviation over the last 3 months. PT Ace exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Ace's market risk adjusted performance of 0.1441, and Information Ratio of (0.03) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.85, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PT Ace are expected to decrease at a much lower rate. During the bear market, PT Ace is likely to outperform the market. At this point, PT Ace Hardware has a negative expected return of -0.27%. Please make sure to check PT Ace's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if PT Ace Hardware performance from the past will be repeated at some future date.
Auto-correlation | -0.87 |
Excellent reverse predictability
PT Ace Hardware has excellent reverse predictability. Overlapping area represents the amount of predictability between PT Ace time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 PT Ace Hardware price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current PT Ace price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Ace Hardware lagged returns against current returns
Autocorrelation, which is PT Ace 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 PT Ace's stock expected returns. We can calculate the autocorrelation of PT Ace returns to help us make a trade decision. For example, suppose you find that PT Ace 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 |
PT Ace 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 PT Ace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Ace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Ace stock over time.
Current vs Lagged Prices |
| Timeline |
PT Ace Lagged Returns
When evaluating PT Ace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Ace stock have on its future price. PT Ace 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, PT Ace autocorrelation shows the relationship between PT Ace stock current value and its past values and can show if there is a momentum factor associated with investing in PT Ace Hardware.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 4AH1 Stock
PT Ace financial ratios help investors to determine whether 4AH1 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 4AH1 with respect to the benefits of owning PT Ace security.