Target Backtesting

Target Corporation -- USA Stock  

USD 63.09  1.33  2.15%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Target Corporation and determine expected loss or profit from investing in Target over given investment horizon. Also please take a look at Target Hype Analysis, Target Correlation, Target Valuation, Target Volatility as well as analyze Target Alpha and Beta and Target Performance
Investment Horizon     30 Days    Login   to change

Target 'What if' Analysis

September 23, 2017
No Change 0.00  0.0%
In 31 days
October 23, 2017
If you would invest  0.00  in Target on September 23, 2017 and sell it all today you would earn a total of 0.00 from holding Target Corporation or generate 0.0% return on investment in Target over 30 days. Target is related to or competes with Macys, Dollar General, Home Depot, Dollar Tree, Vipshop Holdings, and Aarons. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products music...

Target Upside/Downside Indicators


Target Market Premium Indicators

Target lagged returns against current returns

 Current and Lagged Values 

Target regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Target Backtested Returns

Macroaxis considers Target not too risky given 1 month investment horizon. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2809 which indicates Target had 0.2809% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Target Corporation which you can use to evaluate future volatility of the company. Please operate Target Semi Deviation of 0.6664, Coefficient Of Variation of 462.06 and Risk Adjusted Performance of 0.0665 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Target holds performance score of 18. The entity has beta of 0.5287 which indicates as returns on market increase, Target returns are expected to increase less than the market. However during bear market, the loss on holding Target will be expected to be smaller as well.. Although it is vital to follow to Target current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Target technical indicators you can presently evaluate if the expected return of 0.3642% will be sustainable into the future. Please operates Target Total Risk Alpha, Downside Variance as well as the relationship between Downside Variance and Daily Balance Of Power to make a quick decision on weather Target existing price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.6) 

Good reverse predictability

Target Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Target time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 2017. 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 price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Target price fluctuation can be explain by its past prices. Given that Target Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Target for similar time interval.
Correlation Coefficient -0.6
Spearman Rank Test -0.82
Price Variance 3.11
Lagged Price Variance 0.68

Target Lagged Returns

 Regressed Prices 

Target Performance vs DOW

The median price of Target for the period between Sat, Sep 23, 2017 and Mon, Oct 23, 2017 is 58.91 with a coefficient of variation of 2.11. The daily time series for the period is distributed with a sample standard deviation of 1.25, arithmetic mean of 59.07, and mean deviation of 0.93. The Stock did not receive any noticable media coverage during the period.
Price Growth (%)