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ACE Convergence Acquisition Corp. (ACEV)

Equity · Currency in USD · Last updated Nov 29, 2022

Company Info

ISINKYG0083D1209
SectorFinancial Services
IndustryShell Companies

Trading Data

Previous Close$10.48
Year Range$9.14 - $10.61
EMA (50)$10.25
EMA (200)$10.15
Average Volume$45.64K
Market Capitalization$83.06M

ACEVShare Price Chart


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ACEVPerformance

The chart shows the growth of $10,000 invested in ACE Convergence Acquisition Corp. in Sep 2020 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $7,157 for a total return of roughly -28.43%. All prices are adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%JulyAugustSeptemberOctoberNovember
-30.28%
-1.83%
ACEV (ACE Convergence Acquisition Corp.)
Benchmark (^GSPC)

ACEVCompare to other instruments

Search for stocks, ETFs, and funds to compare with ACEV

ACEVReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-31.51%4.33%
6M-30.14%-0.78%
YTD-29.72%-15.53%
1Y-29.65%-14.36%
5Y-14.21%9.83%
10Y-14.21%9.83%

ACEVMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20220.00%0.60%0.35%0.55%-0.79%1.20%0.59%-0.10%0.54%0.24%-31.91%
20212.94%8.75%-12.85%0.00%0.00%-0.15%-1.05%0.20%0.41%0.40%-0.00%0.10%
2020-0.31%-0.92%1.97%3.76%

ACEVSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current ACE Convergence Acquisition Corp. Sharpe ratio is -0.78. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.001.50JulyAugustSeptemberOctoberNovember
-0.78
-0.60
ACEV (ACE Convergence Acquisition Corp.)
Benchmark (^GSPC)

ACEVDividend History


ACE Convergence Acquisition Corp. doesn't pay dividends

ACEVDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2022FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovember
-45.65%
-16.06%
ACEV (ACE Convergence Acquisition Corp.)
Benchmark (^GSPC)

ACEVWorst Drawdowns

The table below shows the maximum drawdowns of the ACE Convergence Acquisition Corp.. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the ACE Convergence Acquisition Corp. is 45.65%, recorded on Nov 25, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-45.65%Feb 18, 2021448Nov 25, 2022
-12.75%Jan 8, 202113Jan 27, 202111Feb 11, 202124
-1.83%Sep 29, 202022Oct 28, 202020Nov 25, 202042
-1.07%Dec 28, 20202Dec 29, 20204Jan 5, 20216
-0.98%Dec 10, 20203Dec 14, 20206Dec 22, 20209
-0.7%Dec 7, 20202Dec 8, 20201Dec 9, 20203
-0.68%Dec 23, 20201Dec 23, 20201Dec 24, 20202
-0.41%Dec 1, 20201Dec 1, 20203Dec 4, 20204
-0.31%Sep 22, 20202Sep 23, 20203Sep 28, 20205
-0.24%Feb 12, 20211Feb 12, 20211Feb 16, 20212

ACEVVolatility Chart

Current ACE Convergence Acquisition Corp. volatility is 235.18%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovember
235.18%
12.31%
ACEV (ACE Convergence Acquisition Corp.)
Benchmark (^GSPC)