Target (Brazil) Market Value
| TGTB34 Stock | BRL 812.00 28.82 3.43% |
| Symbol | Target |
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.
| 12/16/2024 |
| 01/15/2025 |
If you would invest 0.00 in Target on December 16, 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 METISA Metalrgica, Unity Software, Electronic Arts, Universal Health, Paycom Software, Take Two, and Spotify Technology. 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.
| Downside Deviation | 4.63 | |||
| Information Ratio | 0.034 | |||
| Maximum Drawdown | 27.72 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 4.32 |
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.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | 0.0979 | |||
| Total Risk Alpha | 0.1652 | |||
| Sortino Ratio | 0.0256 | |||
| Treynor Ratio | (0.24) |
Target Backtested Returns
Target owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0182, which indicates the firm had a -0.0182% return per unit of risk over the last 3 months. Target exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Target's Coefficient Of Variation of 3050.85, risk adjusted performance of 0.0345, and Semi Deviation of 4.1 to confirm the risk estimate we provide. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Target are expected to decrease at a much lower rate. During the bear market, Target is likely to outperform the market. At this point, Target has a negative expected return of -0.0655%. Please make sure to validate Target's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Target performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Target has very weak reverse predictability. Overlapping area represents the amount of predictability between Target time series from 16th of December 2024 to 31st of December 2024 and 31st of December 2024 to 15th of January 2025. 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 -0.02 indicates that only 2.0% of current Target price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 171.32 |
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 |
Also Currently Popular
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Information and Resources on Investing in Target Stock
When determining whether Target is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Target Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Target Stock. Highlighted below are key reports to facilitate an investment decision about Target Stock:Check out Target Correlation, Target Volatility and Target Alpha and Beta module to complement your research on Target. For information on how to trade Target Stock refer to our How to Trade Target Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Target technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.