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ACE Convergence Acquisition Corp. (ACEVU)

Equity · Currency in USD · Last updated Nov 30, 2022

Company Info

ISINKYG0083D1126
CUSIPG0083D112
SectorFinancial Services
IndustryShell Companies

Trading Data

Previous Close$9.77
Year Range$9.45 - $10.71
EMA (50)$10.22
EMA (200)$10.23
Average Volume$2.17K
Market Capitalization$286.35M

ACEVUShare Price Chart


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ACEVUPerformance

The chart shows the growth of $10,000 invested in ACE Convergence Acquisition Corp. in Jul 2020 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $9,540 for a total return of roughly -4.60%. All prices are adjusted for splits and dividends.


-15.00%-10.00%-5.00%0.00%5.00%JulyAugustSeptemberOctoberNovember
-3.19%
-4.15%
ACEVU (ACE Convergence Acquisition Corp.)
Benchmark (^GSPC)

ACEVUCompare to other instruments

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

ACEVUReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-4.04%6.68%
6M-3.18%0.75%
YTD-4.88%-16.00%
1Y-7.84%-14.78%
5Y-2.00%9.84%
10Y-2.00%9.84%

ACEVUMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2022-0.68%0.49%-1.23%2.73%-2.98%0.79%0.29%-3.63%4.58%-0.29%-4.69%
20214.41%9.94%-12.08%0.64%-0.99%-0.55%-5.23%-1.45%-0.29%2.66%1.63%-2.93%
2020-2.15%-0.60%2.91%-3.22%2.32%7.29%

ACEVUSharpe 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 -0.39. 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.


-0.80-0.60-0.40-0.200.000.20JulyAugustSeptemberOctoberNovember
-0.39
-0.60
ACEVU (ACE Convergence Acquisition Corp.)
Benchmark (^GSPC)

ACEVUDividend History


ACE Convergence Acquisition Corp. doesn't pay dividends

ACEVUDrawdowns Chart

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


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%2022FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovember
-32.77%
-16.53%
ACEVU (ACE Convergence Acquisition Corp.)
Benchmark (^GSPC)

ACEVUWorst 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 34.96%, recorded on Apr 14, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-34.96%Feb 17, 2021294Apr 14, 2022
-14.81%Jan 8, 202114Jan 28, 202110Feb 11, 202124
-4.41%Sep 22, 202029Oct 30, 202025Dec 7, 202054
-3.17%Dec 28, 20202Dec 29, 20201Dec 30, 20203
-3.13%Jul 29, 202023Aug 28, 202015Sep 21, 202038
-1.76%Dec 14, 20207Dec 22, 20201Dec 23, 20208
-1.45%Dec 31, 20201Dec 31, 20201Jan 4, 20212
-0.75%Feb 12, 20211Feb 12, 20211Feb 16, 20212
-0.29%Dec 8, 20201Dec 8, 20201Dec 9, 20202

ACEVUVolatility Chart

Current ACE Convergence Acquisition Corp. volatility is 40.18%. 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%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovember
40.18%
30.58%
ACEVU (ACE Convergence Acquisition Corp.)
Benchmark (^GSPC)