Tlgy Acquisition Corp Stock Market Value
| TLGYU Stock | USD 11.55 0.00 0.00% |
| Symbol | TLGY |
TLGY Acquisition Corp 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 TLGY Acquisition. If investors know TLGY 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 TLGY Acquisition 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 4.93 | Return On Assets (0.02) |
The market value of TLGY Acquisition Corp is measured differently than its book value, which is the value of TLGY that is recorded on the company's balance sheet. Investors also form their own opinion of TLGY Acquisition's value that differs from its market value or its book value, called intrinsic value, which is TLGY Acquisition'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 TLGY Acquisition's market value can be influenced by many factors that don't directly affect TLGY Acquisition'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 TLGY Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if TLGY Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TLGY Acquisition'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.
TLGY Acquisition '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 TLGY Acquisition'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 TLGY Acquisition.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in TLGY Acquisition on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding TLGY Acquisition Corp or generate 0.0% return on investment in TLGY Acquisition over 720 days. TLGY Acquisition is related to or competes with Target Global. TLGY Acquisition Corporation does not have significant operations More
TLGY Acquisition 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 TLGY Acquisition'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 TLGY Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.43 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 3.89 |
TLGY Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TLGY Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TLGY Acquisition's standard deviation. In reality, there are many statistical measures that can use TLGY Acquisition historical prices to predict the future TLGY Acquisition's volatility.| Risk Adjusted Performance | 0.0356 | |||
| Jensen Alpha | 0.0871 | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.792 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TLGY Acquisition's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TLGY Acquisition Corp Backtested Returns
Currently, TLGY Acquisition Corp is somewhat reliable. TLGY Acquisition Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0372, which indicates the firm had a 0.0372% return per unit of volatility over the last 3 months. We have found nineteen technical indicators for TLGY Acquisition Corp, which you can use to evaluate the volatility of the company. Please validate TLGY Acquisition's risk adjusted performance of 0.0356, and Variance of 9.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. TLGY Acquisition has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TLGY Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding TLGY Acquisition is expected to be smaller as well. TLGY Acquisition Corp currently has a risk of 3.13%. Please validate TLGY Acquisition standard deviation, potential upside, as well as the relationship between the Potential Upside and relative strength index , to decide if TLGY Acquisition will be following its existing price patterns.
Auto-correlation | 0.59 |
Modest predictability
TLGY Acquisition Corp has modest predictability. Overlapping area represents the amount of predictability between TLGY Acquisition time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 TLGY Acquisition Corp price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current TLGY Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
TLGY Acquisition Corp lagged returns against current returns
Autocorrelation, which is TLGY Acquisition 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 TLGY Acquisition's stock expected returns. We can calculate the autocorrelation of TLGY Acquisition returns to help us make a trade decision. For example, suppose you find that TLGY Acquisition 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 |
TLGY Acquisition 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 TLGY Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TLGY Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TLGY Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
TLGY Acquisition Lagged Returns
When evaluating TLGY Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TLGY Acquisition stock have on its future price. TLGY Acquisition 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, TLGY Acquisition autocorrelation shows the relationship between TLGY Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in TLGY Acquisition Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TLGY Stock Analysis
When running TLGY Acquisition's price analysis, check to measure TLGY Acquisition'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 TLGY Acquisition is operating at the current time. Most of TLGY Acquisition's value examination focuses on studying past and present price action to predict the probability of TLGY Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TLGY Acquisition's price. Additionally, you may evaluate how the addition of TLGY Acquisition to your portfolios can decrease your overall portfolio volatility.