Target Risk Analysis And Volatility

TGT -- USA Stock  

USD 107.28  0.32  0.30%

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.
Interest Expense

90 Days Market Risk

Very steady

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 Trend
Check current 30 days Target correlation with market (DOW)
β = 1.3415

Target Central Daily Price Deviation

Target Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Target Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Target moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

Target Projected Return Density Against Market

Considering 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 
      Returns 
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
α
Alpha over DOW
=0.35
β
Beta against DOW=1.34
σ
Overall volatility
=2.89
Ir
Information ratio =0.13

Target Return Volatility

the 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.
 Performance (%) 
      Timeline 

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

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 Current Risk Indicators

Target Suggested Diversification Pairs

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