Target Backtesting

Target Corporation -- USA Stock  

USD 75.03  2.07  2.84%

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
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Target 'What if' Analysis

January 24, 2018
0.00
No Change 0.00  0.0%
In 31 days
February 23, 2018
0.00
If you would invest  0.00  in Target on January 24, 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 Macys, Dollar General, Home Depot, Dollar Tree, Vipshop Holdings, and Aarons. Target Corporation operates as a general merchandise retailer

Target Upside/Downside Indicators

  

Target Market Premium Indicators

Target lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Target regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Target Backtested Returns

Macroaxis considers Target to be not too risky. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0485 which indicates Target had -0.0485% 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-one 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 1,184 and Risk Adjusted Performance of 0.14 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 0.8364 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-one different technical indicators which can help you to evaluate its performance. Target has expected return of -0.0934%. Please be advised to validate Target Information Ratio and Downside Variance 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(0.27) 

Weak reverse predictability

Target Corporation has weak reverse predictability. Overlapping area represents the amount of predictability between Target time series from January 24, 2018 to February 8, 2018 and February 8, 2018 to February 23, 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 -0.27 indicates that nearly 27.0% 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 -0.27
Spearman Rank Test -0.39
Price Variance 2.58
Lagged Price Variance 3.81

Target Lagged Returns

 Regressed Prices 
      Timeline 

Target Performance vs DOW

The median price of Target for the period between Wed, Jan 24, 2018 and Fri, Feb 23, 2018 is 75.03 with a coefficient of variation of 2.75. The daily time series for the period is distributed with a sample standard deviation of 2.05, arithmetic mean of 74.42, and mean deviation of 1.76. The Stock received some media coverage during the period.
February 20, 2018Target Dividend Paid
Price Growth (%)  
      Timeline 
1
Target exotic insider transaction detected02/22/2018