TLGY Acquisition Stock Forecast - Naive Prediction

TLGY Stock  USD 11.64  0.00  0.00%   
The Naive Prediction forecasted value of TLGY Acquisition Corp on the next trading day is expected to be 11.63 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.41. TLGY Stock Forecast is based on your current time horizon.
  
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the TLGY Acquisition's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
2010-12-31
Previous Quarter
40.6 K
Current Value
38.6 K
Quarterly Volatility
523.5 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for TLGY Acquisition is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of TLGY Acquisition Corp value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

TLGY Acquisition Naive Prediction Price Forecast For the 17th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of TLGY Acquisition Corp on the next trading day is expected to be 11.63 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000074, and the sum of the absolute errors of 0.41.
Please note that although there have been many attempts to predict TLGY Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that TLGY Acquisition's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

TLGY Acquisition Stock Forecast Pattern

Backtest TLGY AcquisitionTLGY Acquisition Price PredictionBuy or Sell Advice 

TLGY Acquisition Forecasted Value

In the context of forecasting TLGY Acquisition's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. TLGY Acquisition's downside and upside margins for the forecasting period are 11.55 and 11.70, respectively. We have considered TLGY Acquisition's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
11.64
11.63
Expected Value
11.70
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of TLGY Acquisition stock data series using in forecasting. Note that when a statistical model is used to represent TLGY Acquisition stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria108.5985
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0068
MAPEMean absolute percentage error6.0E-4
SAESum of the absolute errors0.4118
This model is not at all useful as a medium-long range forecasting tool of TLGY Acquisition Corp. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict TLGY Acquisition. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for TLGY Acquisition

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TLGY Acquisition Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
11.5711.6411.71
Details
Intrinsic
Valuation
LowRealHigh
11.5411.6111.68
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as TLGY Acquisition. Your research has to be compared to or analyzed against TLGY Acquisition's peers to derive any actionable benefits. When done correctly, TLGY Acquisition's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in TLGY Acquisition Corp.

Other Forecasting Options for TLGY Acquisition

For every potential investor in TLGY, whether a beginner or expert, TLGY Acquisition's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. TLGY Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in TLGY. Basic forecasting techniques help filter out the noise by identifying TLGY Acquisition's price trends.

TLGY Acquisition Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TLGY Acquisition stock to make a market-neutral strategy. Peer analysis of TLGY Acquisition could also be used in its relative valuation, which is a method of valuing TLGY Acquisition by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

TLGY Acquisition Corp Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of TLGY Acquisition's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of TLGY Acquisition's current price.

TLGY Acquisition Market Strength Events

Market strength indicators help investors to evaluate how TLGY Acquisition stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TLGY Acquisition shares will generate the highest return on investment. By undertsting and applying TLGY Acquisition stock market strength indicators, traders can identify TLGY Acquisition Corp entry and exit signals to maximize returns.

TLGY Acquisition Risk Indicators

The analysis of TLGY Acquisition's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in TLGY Acquisition's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tlgy stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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.

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.