TARGET's market value is the price at which a share of TARGET trades on an exchange. It measures the collective expectations of TARGET P 7 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of TARGET P 7 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 information on how to trade TARGET Bond refer to our How to Trade TARGET Bond guide.
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 bond 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.
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 bond 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 P 7 upside and downside potential and time the market with a certain degree of confidence.
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.
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 P 7.
TARGET P 7 Backtested Returns
TARGET appears to be very steady, given 3 months investment horizon. TARGET P 7 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the bond had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for TARGET P 7, which you can use to evaluate the volatility of the entity. Please review TARGET's Risk Adjusted Performance of 0.0813, market risk adjusted performance of 3.18, and Downside Deviation of 1.46 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.0522, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TARGET's returns are expected to increase less than the market. However, during the bear market, the loss of holding TARGET is expected to be smaller as well.
Auto-correlation
-0.98
Near perfect reversele predictability
TARGET P 7 has near perfect reversele predictability. Overlapping area represents the amount of predictability between TARGET time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 P 7 price movement. The serial correlation of -0.98 indicates that 98.0% of current TARGET price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.98
Spearman Rank Test
0.5
Residual Average
0.0
Price Variance
32.36
TARGET P 7 lagged returns against current returns
Autocorrelation, which is TARGET bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TARGET bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TARGET bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in TARGET P 7.
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.
TARGET financial ratios help investors to determine whether TARGET Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TARGET with respect to the benefits of owning TARGET security.