We consider Target not too volatile. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0466 which indicates Target had 0.0466% 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 validate Target Semi Deviation of 3.33, Coefficient Of Variation of 1789.17 and Risk Adjusted Performance of 0.0364 to confirm if risk estimate we provide are consistent with the epected return of 0.1692%.
|Investment Horizon||30 Days Login to change|
Target Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Target will likely underperform.One Month Beta |Analyze Target Demand TrendCheck current 30 days Target correlation with market (DOW)|
β = 1.1917
Target Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, the stock has beta coefficient of 1.1917 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Target will likely underperform. 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
Considering 30-days investment horizon, the coefficient of variation of Target is 2146.45. The daily returns are destributed with a variance of 13.19 and standard deviation of 3.63. The mean deviation of Target Corporation is currently at 2.22. For similar time horizon, the selected benchmark (DOW) has volatility of 0.5