We consider Target not too risky. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0742 which indicates Target had 0.0742% 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 1.17, Coefficient Of Variation of 5738.16 and Risk Adjusted Performance of 0.0122 to confirm if risk estimate we provide are consistent with the epected return of 0.092%.
|Investment Horizon||30 Days Login to change|
Target Market Sensitivity
|As returns on market increase, Target returns are expected to increase less than the market. However during bear market, the loss on holding Target will be expected to be smaller as well.One Month Beta |Analyze Target Demand TrendCheck current 30 days Target correlation with market (DOW)|
β = 0.4174
Projected Return Density Against MarketConsidering 30-days investment horizon, Target has beta of 0.4174 . This entails as returns on market go up, Target average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Target Corporation will be expected to be much smaller as well. 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 1348.21. The daily returns are destributed with a variance of 1.54 and standard deviation of 1.24. The mean deviation of Target Corporation is currently at 0.9. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23