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Finnovate Acquisition (Finnovate Acquisition) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Finnovate Acquisition Momentum Rank?

Finnovate Acquisition has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Finnovate Acquisition Momentum Rank Related Terms

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Finnovate Acquisition (Finnovate Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Finnovate Acquisition Corp (NAS:FNVT) » Definitions » Momentum Rank
Comparable Companies
FTII DIST NCAC GAMC MARX HSPO TENK CFFE ATMV CNGL PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
20 Genesis Close, The White House, George Town, Grand Cayman, CYM, KY1 1208
Website
https://www.finnovateacquisition.com
Finnovate Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.
Executives
Chun Yi Hao director 2 BURLINGTON WOODS DRIVE, SUITE 100, BURLINGTON MA 01803
Sanjay Prasad director 25 MALL ROAD, SUITE 330, BURLINGTON MA 01803
Tiemei Sarah Li director THE WHITE HOUSE, 20 GENESIS CLOSE, GEORGE TOWN E9 KY1 1208
Meitav Investment House Ltd 10 percent owner 30 DEREKH SHESHET HA-YAMIM ST., BENE-BERAQ L3 5112302
Wang Chiu Wong director, 10 percent owner, officer: Chief Financial Officer THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN, E9 KY1 1208
Calvin Kung director, 10 percent owner, officer: Chief Executive Officer THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN E9 KY1 1208
Sunorange Ltd. 10 percent owner C/O FINNOVATE ACQUISITION CORP., THE WHITE HOUSE 20 GENESIS CLOSE,, GEORGE TOWN E9 KY11208
Mitchell Alan Garber director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Ron Avshalom Golan director, officer: Chief Financial Officer 6 FROGNAL CLOSE, LONDON X0 NW3 6YB
Gustavo Rodolfo Schwed director 34 WEST 17TH STREET, PH, NEW YORK NY 10011
David Gershon director, officer: Chief Executive Officer 9 MAURIZIO VITALE APT. 47, TEL AVIV L3 6965104
Nadav Zohar director C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Jonathan Ophir officer: Chief Investment Officer C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Finnovate Sponsor L.p. 10 percent owner C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139
Finnovate Sponsor Llc 10 percent owner C/O FINNOVATE ACQUISITION CORP., 94 YIGAL ALON ST., TEL AVIV L3 6789139