Target Risk Analysis And Volatility Evaluation

TGT -- USA Stock  

USD 66.68  1.11  1.64%

Macroaxis considers Target to be not too risky. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2189 which indicates Target had -0.2189% of return per unit of risk over the last 2 months. 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 (467.49) and Risk Adjusted Performance of (0.27) to confirm risk estimate we provide.
Interest Expense
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.
2 Months Beta |Analyze Target Demand Trend
Check current 30 days Target correlation with market (DOW)
β = 1.0881

Target Central Daily Price Deviation

Target Technical Analysis

The output start index for this execution was zero with a total number of output elements of thirty-nine. 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.

Target Projected Return Density Against Market

Considering 30-days investment horizon, the stock has beta coefficient of 1.0881 . 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. Additionally, Target Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
Considering 30-days investment horizon, the coefficient of variation of Target is -456.74. The daily returns are destributed with a variance of 5.97 and standard deviation of 2.44. The mean deviation of Target Corporation is currently at 1.74. For similar time horizon, the selected benchmark (DOW) has volatility of 1.27
Alpha over DOW
Beta against DOW=1.09
Overall volatility
Information ratio =0.2

Target Return Volatility

Target Corporation has volatility of 2.4429% on return distribution over 30 days investment horizon. DOW inherits 1.282% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Market Risk Breakdown

Target Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

60 Days Economic Sensitivity

Almost mirrors market

Investment Outlook

Target Investment Opportunity

Target Corporation has a volatility of 2.44 and is 1.91 times more volatile than DOW. 22% 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 22 (%) of all global equities and portfolios over the last 30 days. Use Target Corporation to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Target to be traded at $64.68 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

correlation synergy
Very weak 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.

Target Volatility Indicators

Target Corporation Current Risk Indicators

Also please take a look at World Market Map. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.