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ACBAU (Ace Global Business Acquisition) 12-1 Month Momentum % : 8.50% (As of Dec. 14, 2024)


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What is Ace Global Business Acquisition 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-14), Ace Global Business Acquisition's 12-1 Month Momentum % is 8.50%.

The industry rank for Ace Global Business Acquisition's 12-1 Month Momentum % or its related term are showing as below:

ACBAU's 12-1 Month Momentum % is not ranked
in the Diversified Financial Services industry.
Industry Median: 4.51 vs ACBAU: 8.50

Competitive Comparison of Ace Global Business Acquisition's 12-1 Month Momentum %

For the Shell Companies subindustry, Ace Global Business Acquisition's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ace Global Business Acquisition's 12-1 Month Momentum % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Ace Global Business Acquisition's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ace Global Business Acquisition's 12-1 Month Momentum % falls into.



Ace Global Business Acquisition  (NAS:ACBAU) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ace Global Business Acquisition  (NAS:ACBAU) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Ace Global Business Acquisition 12-1 Month Momentum % Related Terms

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Ace Global Business Acquisition Business Description

Traded in Other Exchanges
N/A
Address
Tower 2, Lippo Centre, No. 89, Room. 806, 8th Floor, Queensway, Admiralty, Hong Kong, HKG
Website
Ace Global Business Acquisition Ltd is a newly organized blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Yan Yannie Xu director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Tan Nicholas Xue-wei officer: Chief Financial Officer 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Leslie Chow director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Ace Global Investment Ltd 10 percent owner 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Robert Yeung Morris director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Eugene Tu Wong director, officer: Chief Executive Officer 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000

Ace Global Business Acquisition Headlines

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