Target Risk Analysis

Target Corporation -- USA Stock  

USD 62.08  0.71  1.16%

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 Trend
Check current 30 days Target correlation with market (DOW)
β = 0.8579
Target llmost one BetaTarget Beta Legend

Target Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Target Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 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).
 Predicted Return Density 
      Returns 
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
α
Alpha over DOW
=0.16
βBeta against DOW=0.86
σ
Overall volatility
=3.73
 IrInformation ratio =0.0398

Actual Return Volatility

Target Corporation has volatility of 3.7306% on return distribution over 30 days investment horizon. DOW inherits 0.5172% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Target Volatility Factors

30 Days Market Risk

Not too volatile

Chance of Distress in 24 months

30 Days Economic Sensitivity

Follows market closely

Total Debt

Target Total Debt History

Total Debt

Largest Trends

Target Largest Period Trend

Investment Outlook

Target Investment Opportunity
Target Corporation has a volatility of 3.73 and is 7.17 times more volatile than DOW. 34% of all equities and portfolios are less risky than Target. Compared to the overall equity markets, volatility of historical daily returns of Target Corporation is lower than 34 (%) of all global equities and portfolios over the last 30 days. Use Target Corporation to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Target to be traded at $68.29 in 30 days. Target returns are very sensitive to returns on the market. As market goes up or down, Target is expected to follow.

Target correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Target Corp. and equity matching DJI index in the same portfolio.