TLGY Acquisition Correlations

TLGY Stock

USD 11.64 0.01 0.09%

The current 90-days correlation between TLGY Acquisition Corp and LAMF Global Ventures is 0.12 (i.e., Average 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 0.01 (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

0.88	BN	Brookfield Corp	Pair Corr
0.9	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.92	CG	Carlyle Group	Pair Corr
0.95	APO	Apollo Global Management	Pair Corr
0.87	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.92	BAM	Brookfield Asset Man	Pair Corr
0.8	BEN	Franklin Resources	Pair Corr
0.91	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.92	KKR	KKR Co LP Normal Trading	Pair Corr
0.92	OWL	Blue Owl Capital	Pair Corr
0.91	MAIN	Main Street Capital	Pair Corr
0.88	ARCC	Ares Capital	Pair Corr
0.88	ARES	Ares Management LP	Pair Corr
0.87	TROW	T Rowe Price	Pair Corr
0.62	CNNE	Cannae Holdings	Pair Corr
0.86	C	Citigroup Aggressive Push	Pair Corr
0.76	V	Visa Class A	Pair Corr
0.77	AB	AllianceBernstein	Pair Corr
0.83	AC	Associated Capital	Pair Corr
0.69	AX	Axos Financial	Pair Corr
0.93	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.66	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.82	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.64	GL	Globe Life	Pair Corr
0.86	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.91	LC	LendingClub Corp	Pair Corr
0.86	LX	Lexinfintech Holdings Trending	Pair Corr
0.87	MA	Mastercard	Pair Corr

Moving against TLGY Stock

0.4	EG	Everest Group	Pair Corr
0.88	IX	Orix Corp Ads	Pair Corr
0.84	XP	Xp Inc Downward Rally	Pair Corr
0.8	WU	Western Union	Pair Corr
0.72	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.71	RM	Regional Management Corp	Pair Corr
0.58	PT	Pintec Technology	Pair Corr
0.44	WF	Woori Financial Group	Pair Corr
0.42	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	LATGU	EMLDU	DUNE	LGVC	OPA	ITAQ	GENQ	CPAA
LATGU		0.07	-0.05	-0.18	-0.17	-0.13	-0.03	-0.15	LATGU
EMLDU	0.07		0.39	0.0	0.23	0.28	-0.02	0.26	EMLDU
DUNE	-0.05	0.39		0.21	0.69	0.6	0.19	0.8	DUNE
LGVC	-0.18	0.0	0.21		0.01	0.12	0.0	0.07	LGVC
OPA	-0.17	0.23	0.69	0.01		0.55	0.13	0.83	OPA
ITAQ	-0.13	0.28	0.6	0.12	0.55		0.02	0.66	ITAQ
GENQ	-0.03	-0.02	0.19	0.0	0.13	0.02		0.27	GENQ
CPAA	-0.15	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

LGVC	- 0.18	LATGU
OPA	- 0.17	LATGU
CPAA	- 0.15	LATGU
ITAQ	- 0.13	LATGU
DUNE	- 0.05	LATGU
GENQ	- 0.03	LATGU

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	0.50	(0.01)	0.00	0.04	0.00	0.00	0.86	(0.43)	14.97
EMLDU	1.39	0.22	0.03	9.59	1.68	(4.40)	6.01	(2.34)	22.35
DUNE	0.08	0.00	(0.66)	0.18	0.00	(0.25)	0.30	(0.10)	1.11
LGVC	0.37	(0.01)	(0.09)	0.04	0.73	(0.68)	0.67	(0.66)	9.80
OPA	0.23	0.04	(0.13)	(0.29)	0.36	(0.40)	0.58	(0.29)	4.86
ITAQ	0.18	0.00	(0.25)	0.00	0.11	(0.46)	0.67	(0.47)	2.30
GENQ	0.23	(0.05)	0.00	3.05	0.00	0.00	0.28	(0.83)	2.46
CPAA	0.07	0.01	(0.88)	(0.31)	0.00	(0.12)	0.20	(0.10)	0.30

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