Target Global Acquisition Stock Market Value
| TGAAU Stock | USD 11.28 0.00 0.00% |
| 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 (0.02) | 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.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Target Global on December 5, 2022 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 720 days. Target Global is related to or competes with PowerUp Acquisition, Aurora Innovation, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. 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 | (12.12) | |||
| Maximum Drawdown | 0.0886 |
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 | (0.79) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (4.73) |
Target Global Acquisition Backtested Returns
Target Global Acquisition owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Target Global Acquisition exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Target Global's Variance of 1.0E-4, coefficient of variation of (812.40), and Risk Adjusted Performance of (0.79) to confirm the risk estimate we provide. The entity has a beta of 0.0024, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Target Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Target Global is expected to be smaller as well. At this point, Target Global Acquisition has a negative expected return of -0.0014%. Please make sure to validate Target Global's risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if Target Global Acquisition performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Target Global Acquisition has modest predictability. Overlapping area represents the amount of predictability between Target Global time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 0.54 indicates that about 54.0% of current Target Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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 |
Thematic Opportunities
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Additional Tools for Target Stock Analysis
When running Target Global's price analysis, check to measure Target Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Target Global is operating at the current time. Most of Target Global's value examination focuses on studying past and present price action to predict the probability of Target Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Target Global's price. Additionally, you may evaluate how the addition of Target Global to your portfolios can decrease your overall portfolio volatility.