Ace Global Business Stock Today
| ACBA Stock | USD 12.10 0.00 0.00% |
Performance8 of 100
| Odds Of DistressLess than 23
|
Ace Global is trading at 12.10 as of the 24th of April 2024, a No Change since the beginning of the trading day. The stock's open price was 12.1. Ace Global has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Ace Global Business are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 26th of May 2021 | Classification Financials |
Ace Global Business Acquisition Limited does not have significant operations. The company was incorporated in 2020 and is based in Central, Hong Kong. Ace Global is traded on NASDAQ Exchange in the United States. The company has 3.43 M outstanding shares of which 3.83 K shares are presently shorted by private and institutional investors with about 0.75 trading days to cover. More on Ace Global Business
Moving together with Ace Stock
| 0.73 | CG | Carlyle Group Earnings Call This Week | PairCorr |
| 0.62 | SF | Stifel Financial Earnings Call Today | PairCorr |
| 0.84 | AMG | Affiliated Managers Earnings Call This Week | PairCorr |
Moving against Ace Stock
| 0.82 | AJX | Great Ajax Corp | PairCorr |
| 0.47 | PJT | PJT Partners Financial Report 7th of May 2024 | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
Ace Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ace Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ace Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Heavy Metals (View all Themes) | |||||||||||||||||||||||||||||||||||
| Business Concentration | Asset Management & Custody Banks, Financial Services, NASDAQ Composite, Heavy Metals, Financials, Capital Markets, Shell Companies, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Ace Global's profitability, liquidity, and operating efficiency, Ace Global Business is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Ace Global Business is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
| ||||||||||||||||||||||||||||||||||||
Ace Global's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ace Global's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ace Global's financial leverage. It provides some insight into what part of Ace Global's total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||
Ace Global Business (ACBA) is traded on NASDAQ Exchange in USA. It is located in Tower 2, Lippo Centre, Admiralty, Hong Kong and employs 2 people. Ace Global is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 41.52 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ace Global's market, we take the total number of its shares issued and multiply it by Ace Global's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ace Global Business conducts business under Capital Markets sector and is part of Financials industry. The entity has 3.43 M outstanding shares of which 3.83 K shares are presently shorted by private and institutional investors with about 0.75 trading days to cover.
Ace Global Business currently holds about 82.13 K in cash with (1.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Ace Global Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Ace Global Business is $41.52 Million. Ace Global Business retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check Ace Ownership Details
Ace Stock Price Odds Analysis
What are Ace Global's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Ace Global jumping above the current price in 90 days from now is about 17.53%. The Ace Global Business probability density function shows the probability of Ace Global stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Ace Global has a beta of 0.0226. This suggests as returns on the market go up, Ace Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ace Global Business will be expected to be much smaller as well. Additionally, ace Global Business has an alpha of 0.0372, implying that it can generate a 0.0372 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Ace Global to move above the current price in 90 days from now is about 17.53 (This Ace Global Business probability density function shows the probability of Ace Stock to fall within a particular range of prices over 90 days) .
Ace Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Ace Global that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ace Global's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ace Global's value.| Instituion | Recorded On | Shares | |
| Sage Rock Capital Management Lp | 2023-12-31 | 0.0 | |
| Owl Creek Asset Management Lp | 2023-09-30 | 0.0 | |
| Cubist Systematic Strategies, Llc | 2023-09-30 | 0.0 | |
| Glazer Capital, Llc | 2023-12-31 | 0.0 | |
| Polar Asset Management Partners | 2023-12-31 | 0.0 | |
| Boothbay Fund Management, Llc | 2023-09-30 | 0.0 | |
| Fir Tree Inc | 2023-12-31 | 207.9 K | |
| Meteora Capital, Llc | 2023-12-31 | 188.1 K | |
| Yakira Capital Management, Inc. | 2023-12-31 | 170 K | |
| Berkley W R Corp | 2023-12-31 | 164.7 K | |
| Walleye Trading Advisors, Llc | 2023-12-31 | 71.7 K |
Ace Global Historical Income Statement
Ace Global Business Income Statement is one of the three primary financial statements used for reporting Ace's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ace Global Business revenue and expense. Ace Global Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Ace Global's Total Other Income Expense Net is projected to increase significantly based on the last few years of reporting. The current year's Net Income Applicable To Common Shares is expected to grow to about 1.3 M, whereas Interest Expense is projected to grow to (3.3 M). View More FundamentalsAce Stock Against Markets
Picking the right benchmark for Ace Global stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ace Global stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ace Global is critical whether you are bullish or bearish towards Ace Global Business at a given time. Please also check how Ace Global's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ace Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Options Analysis Now
Options AnalysisAnalyze and evaluate options and option chains as a potential hedge for your portfolios |
| All Next | Launch Module |
How to buy Ace Stock?
Before investing in Ace Global, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ace Global. To buy Ace Global stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ace Global. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ace Global stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ace Global Business stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ace Global Business stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ace Global Business, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Ace Stock please use our How to Invest in Ace Global guide.
Already Invested in Ace Global Business?
The danger of trading Ace Global Business is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ace Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ace Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ace Global Business is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ace Global Business is a strong investment it is important to analyze Ace Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ace Global's future performance. For an informed investment choice regarding Ace Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ace Global Business. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Ace Global Business information on this page should be used as a complementary analysis to other Ace Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Ace Stock analysis
When running Ace Global's price analysis, check to measure Ace Global'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 Global is operating at the current time. Most of Ace Global's value examination focuses on studying past and present price action to predict the probability of Ace Global'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 Global's price. Additionally, you may evaluate how the addition of Ace Global to your portfolios can decrease your overall portfolio volatility.
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Is Ace Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ace Global. If investors know Ace will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ace Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Return On Assets (0.03) |
The market value of Ace Global Business is measured differently than its book value, which is the value of Ace that is recorded on the company's balance sheet. Investors also form their own opinion of Ace Global's value that differs from its market value or its book value, called intrinsic value, which is Ace Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ace Global's market value can be influenced by many factors that don't directly affect Ace Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ace Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ace Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ace Global's 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.