Target Global Acquisition Stock Market Value
| TGAA Stock | USD 11.32 0.01 0.09% |
| Symbol | Target |
Target Global Acquisition Price To Book Ratio
Is Asset Management & Custody Banks space 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 Target Global. If investors know Target 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 Target Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.313 | Earnings Share 0.14 | Return On Assets (0.03) |
The market value of Target Global Acquisition is measured differently than its book value, which is the value of Target that is recorded on the company's balance sheet. Investors also form their own opinion of Target Global's value that differs from its market value or its book value, called intrinsic value, which is Target Global'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 Target Global's market value can be influenced by many factors that don't directly affect Target Global'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 Target Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Target Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Target Global'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.
Target Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Target Global's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Target Global.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Target Global on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Target Global Acquisition or generate 0.0% return on investment in Target Global over 30 days. Target Global is related to or competes with Patria Latin, and Healthcare. Target Global Acquisition I Corp. does not have significant operations More
Target Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Target Global's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Target Global Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.08) | |||
| Maximum Drawdown | 0.5324 |
Target Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target Global's standard deviation. In reality, there are many statistical measures that can use Target Global historical prices to predict the future Target Global's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.2524 |
Target Global Acquisition Backtested Returns
At this point, Target Global is very steady. Target Global Acquisition owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0895, which indicates the firm had a 0.0895% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Target Global Acquisition, which you can use to evaluate the volatility of the company. Please validate Target Global's Risk Adjusted Performance of (0.04), coefficient of variation of 2404.6, and Variance of 0.0096 to confirm if the risk estimate we provide is consistent with the expected return of 0.0083%. Target Global has a performance score of 7 on a scale of 0 to 100. The entity has a beta of -0.0235, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Target Global are expected to decrease at a much lower rate. During the bear market, Target Global is likely to outperform the market. Target Global Acquisition right now has a risk of 0.0933%. Please validate Target Global rate of daily change, and the relationship between the kurtosis and day typical price , to decide if Target Global will be following its existing price patterns.
Auto-correlation | 0.33 |
Below average predictability
Target Global Acquisition has below average predictability. Overlapping area represents the amount of predictability between Target Global time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Target Global Acquisition price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Target Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Target Global Acquisition lagged returns against current returns
Autocorrelation, which is Target Global stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Target Global's stock expected returns. We can calculate the autocorrelation of Target Global returns to help us make a trade decision. For example, suppose you find that Target Global has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Target Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Target Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target Global stock over time.
Current vs Lagged Prices |
| Timeline |
Target Global Lagged Returns
When evaluating Target Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target Global stock have on its future price. Target Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Target Global autocorrelation shows the relationship between Target Global stock current value and its past values and can show if there is a momentum factor associated with investing in Target Global Acquisition.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Target Global Acquisition is a strong investment it is important to analyze Target Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Target Global's future performance. For an informed investment choice regarding Target Stock, refer to the following important reports:Check out Target Global Correlation, Target Global Volatility and Target Global Alpha and Beta module to complement your research on Target Global. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Target Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.