Macroaxis considers Target not too volatile given 1 month investment horizon. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0546 which indicates Target had 0.0546% 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 3.31, Coefficient Of Variation of 1247.64 and Risk Adjusted Performance of 0.0497 to confirm if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Target Market Sensitivity
|Target returns are very sensitive to returns on the market. As market goes up or down, Target is expected to follow.One Month Beta |Analyze Target Demand TrendCheck current 30 days Target correlation with market (DOW)|
β = 0.8579
Target Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Target has beta of 0.8579 . This entails Target Corporation market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Target is expected to follow. Moreover, Target Corporation has an alpha of 0.1642 implying that it can potentially generate 0.1642% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Target is 1831.38. The daily returns are destributed with a variance of 13.92 and standard deviation of 3.73. The mean deviation of Target Corporation is currently at 2.35. For similar time horizon, the selected benchmark (DOW) has volatility of 0.51