ACE HARDWARE (Germany) Market Value
| 4AH1 Stock | 0.04 0.0005 1.30% |
| 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.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in ACE HARDWARE on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ACE HARDWARE or generate 0.0% return on investment in ACE HARDWARE over 60 days.
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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 20.25 | |||
| Value At Risk | (5.81) | |||
| Potential Upside | 6.17 |
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 | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.6498 |
ACE HARDWARE Backtested Returns
ACE HARDWARE secures Sharpe Ratio (or Efficiency) of -0.0268, which signifies that the company had a -0.0268% return per unit of risk over the last 3 months. ACE HARDWARE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ACE HARDWARE's mean deviation of 2.84, and Variance of 16.95 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. 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. At this point, ACE HARDWARE has a negative expected return of -0.11%. Please make sure to confirm ACE HARDWARE's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if ACE HARDWARE performance from the past will be repeated at some future date.
Auto-correlation | -0.24 |
Weak reverse predictability
ACE HARDWARE has weak reverse predictability. Overlapping area represents the amount of predictability between ACE HARDWARE time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 ACE HARDWARE price movement. The serial correlation of -0.24 indicates that over 24.0% of current ACE HARDWARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ACE HARDWARE 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.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for ACE Stock Analysis
When running ACE HARDWARE's price analysis, check to measure ACE HARDWARE's 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 ACE HARDWARE is operating at the current time. Most of ACE HARDWARE's value examination focuses on studying past and present price action to predict the probability of ACE HARDWARE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ACE HARDWARE's price. Additionally, you may evaluate how the addition of ACE HARDWARE to your portfolios can decrease your overall portfolio volatility.