Fg Acquisition Corp Stock Fundamentals

FGAA-U Stock   11.78  0.00  0.00%   
FG Acquisition Corp fundamentals help investors to digest information that contributes to FG Acquisition's financial success or failures. It also enables traders to predict the movement of FGAA-U Stock. The fundamental analysis module provides a way to measure FG Acquisition's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to FG Acquisition stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

FG Acquisition Corp Company Shares Outstanding Analysis

FG Acquisition's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Shares Outstanding

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Public Shares

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Repurchased

More About Shares Outstanding | All Equity Analysis

Current FG Acquisition Shares Outstanding

    
  3.76 K  
Most of FG Acquisition's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, FG Acquisition Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Competition

Based on the latest financial disclosure, FG Acquisition Corp has 3.76 K of shares currently outstending. This is 100.0% lower than that of the Capital Markets sector and significantly higher than that of the Financials industry. The shares outstanding for all Canada stocks is 100.0% higher than that of the company.

FG Acquisition Corp Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining FG Acquisition's current stock value. Our valuation model uses many indicators to compare FG Acquisition value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across FG Acquisition competition to find correlations between indicators driving FG Acquisition's intrinsic value. More Info.
FG Acquisition Corp is one of the top stocks in return on asset category among its peers. It also is rated as one of the top companies in current valuation category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value FG Acquisition by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for FG Acquisition's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

FGAA-U Shares Outstanding Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses FG Acquisition's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of FG Acquisition could also be used in its relative valuation, which is a method of valuing FG Acquisition by comparing valuation metrics of similar companies.
FG Acquisition is currently under evaluation in shares outstanding category among its peers.

FGAA-U Fundamentals

About FG Acquisition Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze FG Acquisition Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of FG Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of FG Acquisition Corp 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.
Last ReportedProjected for Next Year

Pair Trading with FG Acquisition

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 FG Acquisition 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 FG Acquisition will appreciate offsetting losses from the drop in the long position's value.

Moving together with FGAA-U Stock

  0.62JPM JPMorgan ChasePairCorr

Moving against FGAA-U Stock

  0.55PFE Pfizer Inc CDRPairCorr
  0.49TKU Tarku ResourcesPairCorr
The ability to find closely correlated positions to FG 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 FG 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 FG 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 FG Acquisition Corp to buy it.
The correlation of FG 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 FG Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FG 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.
Correlation analysis and pair trading evaluation for FG Acquisition 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

Other Information on Investing in FGAA-U Stock

FG Acquisition financial ratios help investors to determine whether FGAA-U Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FGAA-U with respect to the benefits of owning FG Acquisition security.