InFintT Acquisition Correlations

IFIN Stock  USD 11.49  0.01  0.09%   
The correlation of InFintT Acquisition is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as InFintT Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InFintT Acquisition Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Average diversification

The correlation between InFintT Acquisition Corp and NYA is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InFintT Acquisition Corp and NYA in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InFintT Acquisition Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
  
The ability to find closely correlated positions to InFintT Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InFintT Acquisition when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back InFintT Acquisition - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling InFintT Acquisition Corp to buy it.

Moving together with InFintT Stock

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Moving against InFintT Stock

  0.83ECPG Encore Capital Group Financial Report 1st of May 2024 PairCorr
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  0.58AX Axos Financial Financial Report 25th of April 2024 PairCorr
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Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
VMCAFXCO
FXCOMACA
KRNLMACA
VMCAMACA
KRNLFXCO
FXCOHHLA
  
High negative correlations   
VMCAESACU
FXCOESACU
CFFEENCPW
ESACUENCPW
NBSTWENCPW
ESACUMACA

Risk-Adjusted Indicators

There is a big difference between InFintT Stock performing well and InFintT Acquisition Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze InFintT Acquisition's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ENCPW  15.87  2.54  0.16  0.51  13.23 
 48.40 
 126.82 
NBSTW  18.52  4.87  0.21  3.96  15.53 
 73.91 
 133.73 
HHLA  0.19  0.00 (0.10) 0.08  0.33 
 0.28 
 3.35 
CFFE  6.12  0.90  0.13 (13.31) 5.78 
 12.69 
 61.73 
MACA  0.19  0.01 (0.05) 0.22  0.32 
 0.54 
 5.16 
ESACU  1.57 (0.79) 0.00 (0.42) 0.00 
 1.37 
 31.72 
AACIU  0.32  0.03  0.00  0.21  0.00 
 1.78 
 10.57 
FXCO  0.13  0.04  0.00  2.99  0.00 
 0.64 
 1.66 
VMCA  0.16  0.01 (0.10) 0.21  0.19 
 0.45 
 2.04 
KRNL  0.19  0.02 (0.08)(0.33) 0.25 
 0.47 
 4.15 

Be your own money manager

Our tools can tell you how much better you can do entering a position in InFintT Acquisition without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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InFintT Acquisition Corporate Management

Elected by the shareholders, the InFintT Acquisition's board of directors comprises two types of representatives: InFintT Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of InFintT. The board's role is to monitor InFintT Acquisition's management team and ensure that shareholders' interests are well served. InFintT Acquisition's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, InFintT Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jing HuangIndependent DirectorProfile
Kevin ChenDirectorProfile
Dave CameronIndependent DirectorProfile
Andrey NovikovIndependent DirectorProfile
Michael MoradzadehIndependent DirectorProfile

Already Invested in InFintT Acquisition Corp?

The danger of trading InFintT Acquisition Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of InFintT Acquisition is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than InFintT Acquisition. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile InFintT Acquisition Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether InFintT Acquisition Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of InFintT Acquisition's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Infintt Acquisition Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Infintt Acquisition Corp Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InFintT Acquisition Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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When running InFintT Acquisition's price analysis, check to measure InFintT 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 InFintT Acquisition is operating at the current time. Most of InFintT Acquisition's value examination focuses on studying past and present price action to predict the probability of InFintT 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 InFintT Acquisition's price. Additionally, you may evaluate how the addition of InFintT Acquisition to your portfolios can decrease your overall portfolio volatility.
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Is InFintT Acquisition's industry 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 InFintT Acquisition. If investors know InFintT 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 InFintT 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
1.806
Earnings Share
0.2
Return On Assets
(0.01)
The market value of InFintT Acquisition Corp is measured differently than its book value, which is the value of InFintT that is recorded on the company's balance sheet. Investors also form their own opinion of InFintT Acquisition's value that differs from its market value or its book value, called intrinsic value, which is InFintT 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 InFintT Acquisition's market value can be influenced by many factors that don't directly affect InFintT 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 InFintT Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if InFintT Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InFintT 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.