Target Corp (UK) Market Value
| 0LD8 Stock | 124.96 3.73 3.08% |
| Symbol | Target |
Target Corp '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 Corp'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 Corp.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Target Corp on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Target Corp or generate 0.0% return on investment in Target Corp over 30 days. Target Corp is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and Hon Hai. Target Corp is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Target Corp 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 Corp'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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 24.38 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 2.32 |
Target Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target Corp's standard deviation. In reality, there are many statistical measures that can use Target Corp historical prices to predict the future Target Corp's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (3.17) |
Target Corp Backtested Returns
Target Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Target Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Target Corp's Coefficient Of Variation of (1,035), risk adjusted performance of (0.07), and Variance of 8.64 to confirm the risk estimate we provide. The entity has a beta of 0.0927, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Target Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Target Corp is expected to be smaller as well. At this point, Target Corp has a negative expected return of -0.31%. Please make sure to validate Target Corp's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Target Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Target Corp has very weak predictability. Overlapping area represents the amount of predictability between Target Corp time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current Target Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 213.27 |
Target Corp lagged returns against current returns
Autocorrelation, which is Target Corp 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 Corp's stock expected returns. We can calculate the autocorrelation of Target Corp returns to help us make a trade decision. For example, suppose you find that Target Corp 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 Corp 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 Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Target Corp Lagged Returns
When evaluating Target Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target Corp stock have on its future price. Target Corp 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 Corp autocorrelation shows the relationship between Target Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Target Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Target Stock Analysis
When running Target Corp's price analysis, check to measure Target Corp'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 Corp is operating at the current time. Most of Target Corp's value examination focuses on studying past and present price action to predict the probability of Target Corp'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 Corp's price. Additionally, you may evaluate how the addition of Target Corp to your portfolios can decrease your overall portfolio volatility.