Target Backtesting

TGT -- USA Stock  

USD 70.94  0.23  0.32%

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

Target 'What if' Analysis

April 24, 2018
No Change 0.00  0.0%
In 31 days
May 24, 2018
If you would invest  0.00  in Target on April 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 Barnes Noble, Dollar Tree, Home Depot, Fossil, Best Buy, Aarons, and Dollar General. Target Corporation operates as a general merchandise retailer in the United States

Target Upside/Downside Indicators

Downside Deviation2.58
Information Ratio0.0024
Maximum Drawdown9.47
Value At Risk2.42
Potential Upside2.94

Target Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.0018

Target Backtested Returns

We consider Target not too risky. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0278 which indicates Target had 0.0278% 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-one technical indicators for Target Corporation which you can use to evaluate future volatility of the company. Please validate Target Semi Deviation of 2.41, Coefficient Of Variation of 41373.45 and Risk Adjusted Performance of 0.01 to confirm if risk estimate we provide are consistent with the epected return of 0.0518%. Target has performance score of 1 on a scale of 0 to 100. The entity has beta of 0.0 which indicates the returns on MARKET and Target are completely uncorrelated. Although it is extremely important to respect Target current price movements, it is better to be realistic regarding the information on 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 0.0518% will be sustainable into the future. Target right now has a risk of 1.8603%. Please validate Target Information Ratio and Downside Variance to decide if Target will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.05 

Virtually no predictability

Target Corporation has virtually no predictability. Overlapping area represents the amount of predictability between Target time series from April 24, 2018 to May 9, 2018 and May 9, 2018 to May 24, 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 0.05 indicates that only as little as 5.0% of current Target price fluctuation can be explain by its past prices.
Correlation Coefficient 0.05
Spearman Rank Test -0.55
Price Variance 6.22
Lagged Price Variance 1.14

Target lagged returns against current returns

 Current and Lagged Values 

Target regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Target Lagged Returns

 Regressed Prices 

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?
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 Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.