TLGY Acquisition Correlations

TLGY Stock

USD 11.83 0.00 0.00%

The current 90-days correlation between TLGY Acquisition Corp and LAMF Global Ventures is -0.04 (i.e., Good diversification). The correlation of TLGY 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 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.

TLGY Acquisition Correlation With Market

Significant diversification

The correlation between TLGY Acquisition Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TLGY Acquisition Corp 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 TLGY Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with TLGY Stock

0.76	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.82	AXP	American Express	Pair Corr
0.92	GCMG	GCM Grosvenor	Pair Corr
0.72	GECC	Great Elm Capital	Pair Corr
0.87	MAIN	Main Street Capital	Pair Corr
0.61	PFSI	PennyMac Finl Svcs Normal Trading	Pair Corr
0.92	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.88	ARES	Ares Management LP Earnings Call This Week	Pair Corr
0.66	COOP	Mr Cooper Group Earnings Call This Week	Pair Corr
0.91	C	Citigroup Earnings Call This Week	Pair Corr
0.76	V	Visa Class A	Pair Corr
0.66	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.78	BK	Bank of New York	Pair Corr
0.86	DB	Deutsche Bank AG	Pair Corr
0.85	GL	Globe Life Earnings Call This Week	Pair Corr

Moving against TLGY Stock

0.68	WD	Walker Dunlop	Pair Corr
0.54	RKT	Rocket Companies	Pair Corr
0.5	DHIL	Diamond Hill Investment	Pair Corr
0.39	BEN	Franklin Resources	Pair Corr
0.59	CB	Chubb Sell-off Trend	Pair Corr
0.42	NU	Nu Holdings Buyout Trend	Pair Corr
0.34	KB	KB Financial Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LATGU	EMLDU	DUNE	LGVC	OPA	ITAQ	GENQ	CPAA
LATGU		-0.03	0.29	-0.02	0.42	0.25	0.12	0.5	LATGU
EMLDU	-0.03		0.39	0.0	0.23	0.28	-0.02	0.26	EMLDU
DUNE	0.29	0.39		0.21	0.69	0.6	0.19	0.8	DUNE
LGVC	-0.02	0.0	0.21		0.01	0.12	0.0	0.07	LGVC
OPA	0.42	0.23	0.69	0.01		0.55	0.13	0.83	OPA
ITAQ	0.25	0.28	0.6	0.12	0.55		0.02	0.66	ITAQ
GENQ	0.12	-0.02	0.19	0.0	0.13	0.02		0.27	GENQ
CPAA	0.5	0.26	0.8	0.07	0.83	0.66	0.27		CPAA
	LATGU	EMLDU	DUNE	LGVC	OPA	ITAQ	GENQ	CPAA

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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

CPAA	+ 0.83	OPA
CPAA	+ 0.8	DUNE
OPA	+ 0.69	DUNE
CPAA	+ 0.66	ITAQ
ITAQ	+ 0.6	DUNE
ITAQ	+ 0.55	OPA

High negative correlations

EMLDU	- 0.03	LATGU
GENQ	- 0.02	EMLDU
LGVC	- 0.02	LATGU
GENQ	- 0.0	LGVC
LGVC	- 0.0	EMLDU

Risk-Adjusted Indicators

There is a big difference between TLGY Stock performing well and TLGY 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 TLGY 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LATGU	2.09	(0.04)	0.00	0.34	0.00	0.00	8.69	(7.12)	35.24
EMLDU	1.39	0.22	0.04	(5.67)	1.68	(4.40)	6.01	(2.34)	22.35
DUNE	0.08	0.01	(0.48)	(0.94)	0.00	(0.25)	0.30	(0.10)	1.11
LGVC	0.37	0.04	(0.07)	(0.01)	0.73	(0.68)	0.67	(0.66)	9.80
OPA	0.23	0.03	(0.08)	(0.84)	0.36	(0.40)	0.58	(0.29)	4.86
ITAQ	0.18	0.02	(0.18)	(0.42)	0.11	(0.46)	0.67	(0.47)	2.30
GENQ	0.23	(0.05)	0.00	1.12	0.00	0.00	0.28	(0.83)	2.46
CPAA	0.07	0.01	(0.64)	0.51	0.00	(0.12)	0.20	(0.10)	0.30

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