Arena Beneish M Score

AFAC
 Stock
  

USD 10.06  0.03  0.30%   

This module uses fundamental data of Arena Fortify to approximate the value of its Beneish M Score. Arena Fortify M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Please continue to Arena Fortify Piotroski F Score and Arena Fortify Altman Z Score analysis.
  
As of August 10, 2022, Total Debt is expected to decline to about 3.1 M. In addition to that, Debt Non Current is expected to decline to about 3.1 M.
At this time, it appears that Arena Fortify Acquisition is an unlikely manipulator. The earnings manipulation may begin if Arena Fortify's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Arena Fortify executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Arena Fortify's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-5.18
Beneish M Score - Unlikely Manipulator
Elasticity of ReceivablesN/AFocus
Asset QualityN/AFocus
Expense CoverageN/AFocus
Gross Margin StrengsN/AFocus
Accruals FactorN/AFocus
Depreciation ResistanceN/AFocus
Net Sales GrowthN/AFocus
Financial Leverage Condition1.0Focus

Arena Fortify Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Arena Fortify's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Selling General and Administrative Expense612.8 K616.4 K
Slightly Down
Decreasing
Slightly volatile
Total Assets158.6 M159.5 M
Slightly Down
Decreasing
Slightly volatile
Investments157.4 M158.4 M
Slightly Down
Decreasing
Slightly volatile
Investments Non Current157.4 M158.4 M
Slightly Down
Decreasing
Slightly volatile
Total Liabilities10.2 M10.3 M
Slightly Down
Decreasing
Slightly volatile
Current Assets931.3 K936.8 K
Slightly Down
Decreasing
Slightly volatile
Assets Non Current157.7 M158.6 M
Slightly Down
Decreasing
Slightly volatile
Current Liabilities858.7 K863.7 K
Slightly Down
Decreasing
Slightly volatile
Liabilities Non Current9.4 M9.4 M
Slightly Down
Decreasing
Slightly volatile
Total Debt3.1 M3.1 M
Slightly Down
Decreasing
Slightly volatile
Debt Non Current3.1 M3.1 M
Slightly Down
Decreasing
Slightly volatile

Arena Fortify Acquisition Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Arena Fortify's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Arena Fortify in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Arena Fortify's degree of accounting gimmicks and manipulations.

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About Arena Fortify Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Arena Fortify Acquisition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Arena Fortify using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Arena Fortify Acquisition based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Arena Fortify Acquisition Corp. does not have significant operations. The company was incorporated in 2021 and is based in New York, New York. Arena Fortify operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.

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Our tools can tell you how much better you can do entering a position in Arena Fortify without increasing your portfolio risk or giving up 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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Pair Trading with Arena Fortify

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Arena Fortify position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Arena Fortify will appreciate offsetting losses from the drop in the long position's value.

Moving against Arena Fortify

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The ability to find closely correlated positions to Arena Fortify could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arena Fortify 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 Arena Fortify - 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 Arena Fortify Acquisition to buy it.
The correlation of Arena Fortify is a statistical measure of how it moves in relation to other equities. 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 Arena Fortify moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Fortify Acquisition 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.
Correlation analysis and pair trading evaluation for Arena Fortify can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Arena Fortify Piotroski F Score and Arena Fortify Altman Z Score analysis. Note that the Arena Fortify Acquisition information on this page should be used as a complementary analysis to other Arena Fortify's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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Is Arena Fortify'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 Arena Fortify. If investors know Arena 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 Arena Fortify listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
216.9 M
The market value of Arena Fortify Acquisition is measured differently than its book value, which is the value of Arena that is recorded on the company's balance sheet. Investors also form their own opinion of Arena Fortify's value that differs from its market value or its book value, called intrinsic value, which is Arena Fortify'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 Arena Fortify's market value can be influenced by many factors that don't directly affect Arena Fortify'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 Arena Fortify's value and its price as these two are different measures arrived at by different means. Investors typically determine Arena Fortify value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arena Fortify'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.