Fortune Rise Acquisition Price on February 28, 2023
| FRLAUDelisted Stock | USD 11.69 0.00 0.00% |
If you're considering investing in Fortune Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortune Rise stands at 11.69, as last reported on the 2nd of December, with the highest price reaching 11.69 and the lowest price hitting 11.69 during the day. Currently, Fortune Rise Acquisition is very steady. Fortune Rise Acquisition secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Fortune Rise Acquisition, which you can use to evaluate the volatility of the firm. Please confirm Fortune Rise's Mean Deviation of 0.1948, variance of 0.249, and Standard Deviation of 0.499 to check if the risk estimate we provide is consistent with the expected return of 0.0745%.
Fortune Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortune |
Sharpe Ratio = 0.1662
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| Cash | FRLAU | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.45 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Fortune Rise is performing at about 13% 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 Fortune Rise by adding it to a well-diversified portfolio.
Fortune Rise Valuation on February 28, 2023
It is possible to determine the worth of Fortune Rise on a given historical date. On February 28, 2023 Fortune was worth 10.4 at the beginning of the trading date compared to the closed value of 10.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortune Rise stock. Still, in general, we apply an absolute valuation method to find Fortune Rise'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 Fortune Rise where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortune Rise's related companies.
| Open | High | Low | Close | Volume | |
| 10.40 | 10.40 | 10.40 | 10.40 | 1.00 | |
02/28/2023 | 10.40 | 10.40 | 10.40 | 10.40 | 1.00 |
| 10.52 | 10.56 | 10.52 | 10.53 | 2,067 |
| Backtest Fortune Rise | | | Fortune Rise History | | | Fortune Rise Valuation | Previous | Next |
Fortune Rise Trading Date Momentum on February 28, 2023
| On March 01 2023 Fortune Rise Acquisition was traded for 10.53 at the closing time. The highest daily price throughout the period was 10.56 and the lowest price was 10.52 . The daily volume was 2.1 K. The net trading volume on 03/01/2023 added to the next day price appreciation. The overall trading delta to closing price of the next trading day was 1.25% . The overall trading delta to current closing price is 1.25% . |
Fortune Rise Acquisition Fundamentals Correlations and Trends
By evaluating Fortune Rise'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 Fortune Rise's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortune financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortune Rise Stock history
Fortune Rise 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 Fortune is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortune Rise 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 Fortune Rise stock prices may prove useful in developing a viable investing in Fortune Rise
Fortune Rise Acquisition Corporation does not have significant operations. The company was incorporated in 2021 and is based in Metuchen, New Jersey. Fortune Rise is traded on NASDAQ Exchange in the United States.
Fortune Rise Stock Technical Analysis
Fortune Rise 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Fortune Rise Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Fortune Rise Acquisition 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.
Fortune Rise December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortune Rise stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortune Rise shares will generate the highest return on investment. By undertsting and applying Fortune Rise stock market strength indicators, traders can identify Fortune Rise Acquisition entry and exit signals to maximize returns
Fortune Rise Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortune Rise's price direction in advance. Along with the technical and fundamental analysis of Fortune Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortune 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 | 0.1252 | |||
| Jensen Alpha | 0.0783 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (3.06) |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Consideration for investing in Fortune Stock
If you are still planning to invest in Fortune Rise Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Fortune Rise's history and understand the potential risks before investing.
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