Finnovate Acquisition Corp Stock Price on June 18, 2024
| FNVT Stock | USD 11.62 0.03 0.26% |
If you're considering investing in Finnovate Stock, it is important to understand the factors that can impact its price. As of today, the current price of Finnovate Acquisition stands at 11.62, as last reported on the 23rd of November, with the highest price reaching 11.62 and the lowest price hitting 11.62 during the day. Currently, Finnovate Acquisition Corp is very steady. Finnovate Acquisition secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Finnovate Acquisition Corp, which you can use to evaluate the volatility of the firm. Please confirm Finnovate Acquisition's Standard Deviation of 0.1955, mean deviation of 0.0948, and Variance of 0.0382 to check if the risk estimate we provide is consistent with the expected return of 0.0215%.
Common Stock Shares Outstanding is likely to gain to about 15.1 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 46 M in 2024. . At this time, Finnovate Acquisition's Price Earnings Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 3.23 in 2024, whereas Price Cash Flow Ratio is likely to drop (198.65) in 2024. Finnovate Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Finnovate |
Sharpe Ratio = 0.1093
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Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Finnovate Acquisition is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Finnovate Acquisition by adding it to a well-diversified portfolio.
Price Book 3.5956 | Book Value (0.60) | Enterprise Value 80.3 M | Enterprise Value Ebitda (52.05) | Shares Float 2.5 M |
Finnovate Acquisition Valuation on June 18, 2024
It is possible to determine the worth of Finnovate Acquisition on a given historical date. On June 18, 2024 Finnovate was worth 11.44 at the beginning of the trading date compared to the closed value of 11.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Finnovate Acquisition stock. Still, in general, we apply an absolute valuation method to find Finnovate Acquisition's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Finnovate Acquisition where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Finnovate Acquisition's related companies.
| Open | High | Low | Close | Volume | |
| 11.44 | 11.44 | 11.44 | 11.44 | 6.00 | |
06/18/2024 | 11.44 | 11.44 | 11.44 | 11.44 | 1.00 |
| 11.44 | 11.44 | 11.44 | 11.44 | 1.00 |
| Backtest Finnovate Acquisition | | | Finnovate Acquisition History | | | Finnovate Acquisition Valuation | Previous | Next |
Finnovate Acquisition Trading Date Momentum on June 18, 2024
| On June 20 2024 Finnovate Acquisition Corp was traded for 11.44 at the closing time. The top price for the day was 11.44 and the lowest listed price was 11.44 . There was no trading activity during the period 1.0. Lack of trading volume on June 20, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.09% . |
Finnovate Acquisition Fundamentals Correlations and Trends
By evaluating Finnovate Acquisition's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Finnovate Acquisition's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Finnovate financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Finnovate Acquisition Stock history
Finnovate Acquisition investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Finnovate is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Finnovate Acquisition will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Finnovate Acquisition stock prices may prove useful in developing a viable investing in Finnovate Acquisition
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 13.4 M | 15.1 M | |
| Net Income Applicable To Common Shares | 1.3 M | 1.3 M |
Finnovate Acquisition Stock Technical Analysis
Finnovate Acquisition technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Finnovate Acquisition Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Finnovate Acquisition Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Finnovate Acquisition November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Finnovate Acquisition stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Finnovate Acquisition shares will generate the highest return on investment. By undertsting and applying Finnovate Acquisition stock market strength indicators, traders can identify Finnovate Acquisition Corp entry and exit signals to maximize returns
Finnovate Acquisition Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Finnovate Acquisition's price direction in advance. Along with the technical and fundamental analysis of Finnovate Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Finnovate to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0591 | |||
| Jensen Alpha | 0.0075 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.3024 |
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Additional Tools for Finnovate Stock Analysis
When running Finnovate Acquisition's price analysis, check to measure Finnovate Acquisition'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 Finnovate Acquisition is operating at the current time. Most of Finnovate Acquisition's value examination focuses on studying past and present price action to predict the probability of Finnovate Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Finnovate Acquisition's price. Additionally, you may evaluate how the addition of Finnovate Acquisition to your portfolios can decrease your overall portfolio volatility.