Macroaxis considers Target very steady given 3 months investment horizon. Target owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1354 which indicates the firm had 0.1354% of return per unit of risk over the last 3 months. Our philosophy towards measuring volatility of a stock is to use all available market data together with stock 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 operate Target Coefficient Of Variation of 710.46, Risk Adjusted Performance of 0.1308 and Semi Deviation of 0.9844 to confirm if our risk estimates are consistent with your expectations.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Responds to market
|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. 3 Months Beta |Analyze Target Demand TrendCheck current 30 days Target correlation with market (DOW)|
β = 1.3415
Target Central Daily Price Deviation
Target Technical Analysis
Target Projected Return Density Against MarketConsidering 30-days investment horizon, the stock has beta coefficient of 1.3415 . 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. Moreover, The company has an alpha of 0.346 implying that it can potentially generate 0.346% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of Target is 738.5. The daily returns are destributed with a variance of 8.37 and standard deviation of 2.89. The mean deviation of Target Corporation is currently at 1.39. For similar time horizon, the selected benchmark (DOW) has volatility of 0.88
|Alpha over DOW||=||0.35|
|Beta against DOW||=||1.34|
Target Return Volatilitythe firm has volatility of 2.8934% on return distribution over 30 days investment horizon. the entity inherits 0.9012% risk (volatility on return distribution) over the 30 days horizon.
Target Investment Opportunity
Target Corporation has a volatility of 2.89 and is 3.21 times more volatile than DOW. 25% 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 25 (%) of all global equities and portfolios over the last 30 days. Use Target Corporation to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Target to be traded at $112.64 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Target will likely underperform.
Target correlation with market
Target Current Risk Indicators
|Risk Adjusted Performance||0.1308|
|Market Risk Adjusted Performance||0.2996|
|Coefficient Of Variation||710.46|
Target Suggested Diversification Pairs