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.
|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 TrendCheck current 30 days Target correlation with market (DOW)|
β = 1.0881
Target Central Daily Price Deviation
Target Technical Analysis
Target Projected Return Density Against MarketConsidering 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||=||0.47|
|Beta against DOW||=||1.09|
Target Return VolatilityTarget 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.
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