Finnovate Acquisition Corp Stock Market Value
| FNVT Stock | USD 11.62 0.03 0.26% |
| Symbol | Finnovate |
Finnovate Acquisition Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Finnovate Acquisition. If investors know Finnovate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Finnovate Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Earnings Share 0.08 | Return On Assets 0.0011 | Return On Equity 0.5867 |
The market value of Finnovate Acquisition is measured differently than its book value, which is the value of Finnovate that is recorded on the company's balance sheet. Investors also form their own opinion of Finnovate Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Finnovate Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Finnovate Acquisition's market value can be influenced by many factors that don't directly affect Finnovate Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Finnovate Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Finnovate Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Finnovate Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Finnovate Acquisition 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Finnovate Acquisition's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Finnovate Acquisition.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Finnovate Acquisition on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Finnovate Acquisition Corp or generate 0.0% return on investment in Finnovate Acquisition over 180 days. Finnovate Acquisition is related to or competes with Broad Capital, and Welsbach Technology. Finnovate Acquisition Corp. does not have significant operations More
Finnovate Acquisition Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Finnovate Acquisition's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Finnovate Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.38 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 0.349 |
Finnovate Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finnovate Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Finnovate Acquisition's standard deviation. In reality, there are many statistical measures that can use Finnovate Acquisition historical prices to predict the future Finnovate Acquisition's volatility.| Risk Adjusted Performance | 0.0591 | |||
| Jensen Alpha | 0.0075 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.3024 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Finnovate Acquisition's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Finnovate Acquisition Backtested Returns
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 Mean Deviation of 0.0948, standard deviation of 0.1955, and Variance of 0.0382 to check if the risk estimate we provide is consistent with the expected return of 0.0219%. Finnovate Acquisition has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0414, which means not very significant fluctuations relative to the market. As returns on the market increase, Finnovate Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Finnovate Acquisition is expected to be smaller as well. Finnovate Acquisition right now shows a risk of 0.2%. Please confirm Finnovate Acquisition information ratio, skewness, as well as the relationship between the Skewness and price action indicator , to decide if Finnovate Acquisition will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
Finnovate Acquisition Corp has average predictability. Overlapping area represents the amount of predictability between Finnovate Acquisition time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Finnovate Acquisition price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Finnovate Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Finnovate Acquisition lagged returns against current returns
Autocorrelation, which is Finnovate Acquisition stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Finnovate Acquisition's stock expected returns. We can calculate the autocorrelation of Finnovate Acquisition returns to help us make a trade decision. For example, suppose you find that Finnovate Acquisition has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Finnovate Acquisition regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Finnovate Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Finnovate Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Finnovate Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
Finnovate Acquisition Lagged Returns
When evaluating Finnovate Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Finnovate Acquisition stock have on its future price. Finnovate Acquisition autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Finnovate Acquisition autocorrelation shows the relationship between Finnovate Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Finnovate Acquisition Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.