Target Global Correlations

TGAAU Stock

USD 11.28 0.00 0.00%

The current 90-days correlation between Target Global Acquisition and Enterprise 40 Technology is 0.13 (i.e., Average diversification). The correlation of Target Global 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Target Global Correlation With Market

Average diversification

The correlation between Target Global Acquisition and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Global Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Target Global Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Target Stock

0.67

Everest Group

Pair Corr

Moving against Target Stock

0.86	V	Visa Class A	Pair Corr
0.84	CNNE	Cannae Holdings	Pair Corr
0.83	AX	Axos Financial	Pair Corr
0.83	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.8	TROW	T Rowe Price	Pair Corr
0.8	C	Citigroup Aggressive Push	Pair Corr
0.79	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.78	BAM	Brookfield Asset Man	Pair Corr
0.78	BEN	Franklin Resources	Pair Corr
0.78	KKR	KKR Co LP Normal Trading	Pair Corr
0.77	APO	Apollo Global Management	Pair Corr
0.72	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.69	BN	Brookfield Corp	Pair Corr
0.68	ROCL	Roth CH Acquisition	Pair Corr
0.68	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.67	DHIL	Diamond Hill Investment	Pair Corr
0.67	CM	Canadian Imperial Bank Earnings Call Next Week	Pair Corr
0.65	CG	Carlyle Group	Pair Corr
0.64	MAIN	Main Street Capital	Pair Corr
0.61	L	Loews Corp	Pair Corr
0.59	OWL	Blue Owl Capital	Pair Corr
0.59	ARES	Ares Management LP	Pair Corr
0.54	ARCC	Ares Capital	Pair Corr
0.53	AB	AllianceBernstein	Pair Corr
0.51	AC	Associated Capital	Pair Corr
0.38	GLSTU	Global Star Acquisition	Pair Corr
0.85	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.85	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.84	LC	LendingClub Corp	Pair Corr
0.83	RF	Regions Financial Sell-off Trend	Pair Corr
0.82	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.81	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.79	WT	WisdomTree	Pair Corr
0.72	MC	Moelis	Pair Corr
0.7	PX	P10 Inc	Pair Corr
0.69	VALU	Value Line	Pair Corr

Related Correlations Analysis

	ENTFU	WWACU	TOACU	IGTAU	CDAQU
ENTFU		0.1	0.16	-0.43	-0.06	ENTFU
WWACU	0.1		-0.04	-0.02	-0.05	WWACU
TOACU	0.16	-0.04		-0.49	-0.12	TOACU
IGTAU	-0.43	-0.02	-0.49		-0.17	IGTAU
CDAQU	-0.06	-0.05	-0.12	-0.17		CDAQU
	ENTFU	WWACU	TOACU	IGTAU	CDAQU

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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

TOACU	+ 0.16	ENTFU
WWACU	+ 0.1	ENTFU

High negative correlations

IGTAU	- 0.49	TOACU
IGTAU	- 0.43	ENTFU
CDAQU	- 0.17	IGTAU
CDAQU	- 0.12	TOACU
CDAQU	- 0.06	ENTFU
CDAQU	- 0.05	WWACU

Risk-Adjusted Indicators

There is a big difference between Target Stock performing well and Target Global 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 Target Global'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ENTFU	0.29	0.04	(0.05)	(0.56)	0.48	(1.11)	0.86	(0.56)	7.14
WWACU	0.78	0.08	(0.03)	(0.04)	1.56	(1.45)	2.30	(2.53)	15.50
TOACU	0.37	(0.02)	0.00	(0.02)	0.00	0.00	0.76	(0.09)	12.71
IGTAU	0.56	(0.08)	0.00	(0.44)	0.00	0.00	1.67	(3.55)	10.67
CDAQU	0.30	0.02	0.00	(0.25)	0.00	0.00	0.37	0.00	8.90

Target Global Corporate Management

Yaron Valler	Chief Officer	Profile
Shmuel Chafets	Chief Officer	Profile
Heiko Dimmerling	CFO Director	Profile
Michael Minnick	Chief Officer	Profile

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