Target Stock Market Value

TGT Stock  USD 152.85  1.45  0.96%   
Target's market value is the price at which a share of Target trades on a public exchange. It measures the collective expectations of Target investors about its performance. Target is selling for under 152.85 as of the 13th of July 2024; that is 0.96% increase since the beginning of the trading day. The stock's last reported lowest price was 150.81.
With this module, you can estimate the performance of a buy and hold strategy of Target and determine expected loss or profit from investing in Target over a given investment horizon. Check out Target Correlation, Target Volatility and Target Alpha and Beta module to complement your research on Target.
For more information on how to buy Target Stock please use our How to Invest in Target guide.
Symbol

Target Price To Book Ratio

Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Target. If investors know Target will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Target listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
4.38
Earnings Share
8.92
Revenue Per Share
230.869
Quarterly Revenue Growth
(0.03)
The market value of Target is measured differently than its book value, which is the value of Target that is recorded on the company's balance sheet. Investors also form their own opinion of Target's value that differs from its market value or its book value, called intrinsic value, which is Target's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Target's market value can be influenced by many factors that don't directly affect Target's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Target's value and its price as these two are different measures arrived at by different means. Investors typically determine if Target is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Target's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Target 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Target's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Target.
0.00
06/13/2024
No Change 0.00  0.0 
In 31 days
07/13/2024
0.00
If you would invest  0.00  in Target on June 13, 2024 and sell it all today you would earn a total of 0.00 from holding Target or generate 0.0% return on investment in Target over 30 days. Target is related to or competes with Costco Wholesale, BJs Wholesale, Dollar Tree, Dollar General, Walmart, and Big Lots. Target Corporation operates as a general merchandise retailer in the United States More

Target Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Target's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Target upside and downside potential and time the market with a certain degree of confidence.

Target Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Target's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target's standard deviation. In reality, there are many statistical measures that can use Target historical prices to predict the future Target's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Target's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
150.98152.80154.62
Details
Intrinsic
Valuation
LowRealHigh
149.76151.57153.39
Details
Naive
Forecast
LowNextHigh
150.79152.61154.43
Details
35 Analysts
Consensus
LowTargetHigh
136.19149.66166.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Target. Your research has to be compared to or analyzed against Target's peers to derive any actionable benefits. When done correctly, Target's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Target.

Target Backtested Returns

Target owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0521, which indicates the firm had a -0.0521% return per unit of risk over the last 3 months. Target exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Target's Risk Adjusted Performance of (0.04), coefficient of variation of (1,213), and Variance of 3.26 to confirm the risk estimate we provide. The entity has a beta of 0.88, which indicates possible diversification benefits within a given portfolio. Target returns are very sensitive to returns on the market. As the market goes up or down, Target is expected to follow. At this point, Target has a negative expected return of -0.0942%. Please make sure to validate Target's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Target performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.61  

Good predictability

Target has good predictability. Overlapping area represents the amount of predictability between Target time series from 13th of June 2024 to 28th of June 2024 and 28th of June 2024 to 13th of July 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Target price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Target price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.39
Residual Average0.0
Price Variance8.22

Target lagged returns against current returns

Autocorrelation, which is Target stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Target's stock expected returns. We can calculate the autocorrelation of Target returns to help us make a trade decision. For example, suppose you find that Target has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Target regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Target stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target stock over time.
   Current vs Lagged Prices   
       Timeline  

Target Lagged Returns

When evaluating Target's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target stock have on its future price. Target autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Target autocorrelation shows the relationship between Target stock current value and its past values and can show if there is a momentum factor associated with investing in Target.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Target Stock Analysis

When running Target's price analysis, check to measure Target's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Target is operating at the current time. Most of Target's value examination focuses on studying past and present price action to predict the probability of Target's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Target's price. Additionally, you may evaluate how the addition of Target to your portfolios can decrease your overall portfolio volatility.