Target Backtesting

TGT -- USA Stock  

USD 69.52  0.27  0.38%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Target 'What if' Analysis

October 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
November 21, 2018
0.00
If you would invest  0.00  in Target on October 22, 2018 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 Vipshop Holdings, Rite Aid, Sally Beauty, Sprouts Farmers, Spectrum Brands, SUPERVALU, and Sysco. Target Corporation operates as a general merchandise retailer in the United States

Target Upside/Downside Indicators

Information Ratio0.1
Maximum Drawdown5.49
Value At Risk2.50
Potential Upside1.99
  

Target Market Premium Indicators

Risk Adjusted Performance0.17
Jensen Alpha0.20
Total Risk Alpha0.13
Treynor Ratio0.48

Target Backtested Returns

Macroaxis considers Target to be not too volatile. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2738 which indicates Target had -0.2738% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Target Corporation exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Target Coefficient Of Variation of 710.03 and Risk Adjusted Performance of 0.17 to confirm risk estimate we provide. Macroaxis gives Target performance score of 0 on a scale of 0 to 100. The entity has beta of 0.4994 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.. Even though it is essential to pay attention to Target current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Target Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Target has expected return of -0.7425%. Please be advised to validate Target Total Risk Alpha, Downside Variance as well as the relationship between Downside Variance and Daily Balance Of Power to decide if Target past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.72) 
correlation synergy

Almost perfect reverse predictability

Target Corporation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Target time series from October 22, 2018 to November 6, 2018 and November 6, 2018 to November 21, 2018. 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 -0.72 indicates that around 72.0% 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-0.72
Spearman Rank Test-0.79
Residual Average0.0
Price Variance37.38

Target lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Target regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Target Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - TGT

Target Investor Sentiment

Predominant part of Macroaxis users are at this time bullish on Target Corporation. What is your outlook on investing in Target Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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