We consider Target not too risky. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0716 which indicates Target had 0.0716% 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 0.9436, Coefficient Of Variation of 1267.07 and Risk Adjusted Performance of 0.0262 to confirm if risk estimate we provide are consistent with the epected return of 0.0852%.
|Investment Horizon||30 Days Login to change|
Target Market Sensitivity
|As returns on market increase, returns on owning Target are expected to decrease at a much smaller rate. During bear market, Target is likely to outperform the market.One Month Beta |Analyze Target Demand TrendCheck current 30 days Target correlation with market (DOW)|
β = -0.5577
Projected Return Density Against MarketConsidering 30-days investment horizon, Target Corporation has beta of -0.5577 . This entails as returns on benchmark increase, returns on holding Target are expected to decrease at a much smaller rate. During bear market, however, Target Corporation is likely to outperform the market. Moreover, Target Corporation has an alpha of 0.155 implying that it can potentially generate 0.155% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Target is 1395.69. The daily returns are destributed with a variance of 1.41 and standard deviation of 1.19. The mean deviation of Target Corporation is currently at 0.85. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23