Finnovate Acquisition Corp Stock Performance
| FNVT Stock | USD 11.62 0.00 0.00% |
Finnovate Acquisition has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0418, 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 variance and skewness , to decide if Finnovate Acquisition will be following its price patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Finnovate Acquisition Corp are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Finnovate Acquisition is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Actual Historical Performance (%)
Year To Date Return 4.97 | Ten Year Return 17.97 | All Time Return 17.97 |
1 | FNVT stock soars to all-time high of 11.53 amid market optimism - Investing.com | 09/05/2024 |
2 | Disposition of 325000 shares by Meitav Investment House Ltd of Finnovate Acquisition at 10.55 subject to Rule 16b-3 | 09/17/2024 |
3 | Glazer Capital LLC Trims Stock Position in Finnovate Acquisition Corp. - MarketBeat | 09/24/2024 |
4 | FINNOVATE ACQUISITION CORP. ANNOUNCES REVISED MONTHLY SPONSOR CONTRIBUTION OF 0.05 PER SHARE TO TRUST ACCOUNT FOR PROPOSED EXTENSION AND POSTPONEMENT OF SHAREHO... | 11/01/2024 |
| Begin Period Cash Flow | 244.2 K | |
| Free Cash Flow | -786.6 K |
Finnovate |
Finnovate Acquisition Relative Risk vs. Return Landscape
If you would invest 1,146 in Finnovate Acquisition Corp on August 29, 2024 and sell it today you would earn a total of 16.00 from holding Finnovate Acquisition Corp or generate 1.4% return on investment over 90 days. Finnovate Acquisition Corp is currently generating 0.0222% in daily expected returns and assumes 0.2% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of stocks are less volatile than Finnovate, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Finnovate Acquisition Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finnovate Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Finnovate Acquisition Corp, and traders can use it to determine the average amount a Finnovate Acquisition's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1111
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| Negative Returns | FNVT |
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.
Finnovate Acquisition Fundamentals Growth
Finnovate Stock prices reflect investors' perceptions of the future prospects and financial health of Finnovate Acquisition, and Finnovate Acquisition fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Finnovate Stock performance.
| Return On Equity | 0.59 | ||||
| Return On Asset | 0.0011 | ||||
| Current Valuation | 80.3 M | ||||
| Shares Outstanding | 6.71 M | ||||
| Price To Book | 3.60 X | ||||
| EBITDA | 2.49 M | ||||
| Net Income | 2.49 M | ||||
| Cash And Equivalents | 604.19 K | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 1.34 M | ||||
| Debt To Equity | 0.72 % | ||||
| Current Ratio | 2.02 X | ||||
| Book Value Per Share | (0.60) X | ||||
| Cash Flow From Operations | (786.64 K) | ||||
| Earnings Per Share | 0.08 X | ||||
| Market Capitalization | 77.98 M | ||||
| Total Asset | 51.24 M | ||||
| Retained Earnings | (2.8 M) | ||||
| Working Capital | (2.8 M) | ||||
About Finnovate Acquisition Performance
Assessing Finnovate Acquisition's fundamental ratios provides investors with valuable insights into Finnovate Acquisition's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Finnovate Acquisition is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.05 | |
| Return On Capital Employed | (0.04) | (0.04) | |
| Return On Assets | 0.05 | 0.05 | |
| Return On Equity | 0.05 | 0.05 |
Things to note about Finnovate Acquisition performance evaluation
Checking the ongoing alerts about Finnovate Acquisition for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Finnovate Acquisition help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Finnovate Acquisition Corp currently holds about 604.19 K in cash with (786.64 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Finnovate Acquisition has a frail financial position based on the latest SEC disclosures | |
| Roughly 63.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: FINNOVATE ACQUISITION CORP. ANNOUNCES REVISED MONTHLY SPONSOR CONTRIBUTION OF 0.05 PER SHARE TO TRUST ACCOUNT FOR PROPOSED EXTENSION AND POSTPONEMENT OF SHAREHOLDER MEETING TO 1000 AM EASTERN TIME NOVEMBER 6, 2024 |
- Analyzing Finnovate Acquisition's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Finnovate Acquisition's stock is overvalued or undervalued compared to its peers.
- Examining Finnovate Acquisition's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Finnovate Acquisition's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Finnovate Acquisition's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Finnovate Acquisition's stock. These opinions can provide insight into Finnovate Acquisition's potential for growth and whether the stock is currently undervalued or overvalued.
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.