Target Correlations

TGT Stock

USD 105.47 2.63 2.56%

The current 90-days correlation between Target and Kroger Company is 0.34 (i.e., Weak diversification). The correlation of Target is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Target Correlation With Market

Almost no diversification

The correlation between Target and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Target Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Target. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Target Stock please use our How to Invest in Target guide.

Moving together with Target Stock

0.82	LILIF	Argentina Lithium Energy	Pair Corr
0.81	KGC	Kinross Gold	Pair Corr
0.86	ACN	Accenture plc	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.73	MRK	Merck Company Earnings Call This Week	Pair Corr
0.94	BA	Boeing Sell-off Trend	Pair Corr
0.73	INTC	Intel Aggressive Push	Pair Corr
0.66	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.8	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against Target Stock

0.7	HPQ	HP Inc	Pair Corr
0.69	T	ATT Inc Earnings Call This Week	Pair Corr
0.63	ATMV	ATMV Old Symbol Change	Pair Corr
0.61	KR	Kroger Company	Pair Corr
0.58	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	KR	CCEP	ABEV	DG	DLTR	SYY	KDP	KMB	JBS	HSY
KR		0.3	-0.4	-0.7	-0.69	0.09	-0.15	0.5	-0.23	-0.16	KR
CCEP	0.3		0.16	0.09	0.07	0.27	0.33	-0.11	0.42	0.37	CCEP
ABEV	-0.4	0.16		0.74	0.62	0.54	0.03	-0.6	0.8	0.65	ABEV
DG	-0.7	0.09	0.74		0.95	0.3	0.4	-0.54	0.67	0.73	DG
DLTR	-0.69	0.07	0.62	0.95		0.13	0.46	-0.54	0.56	0.69	DLTR
SYY	0.09	0.27	0.54	0.3	0.13		-0.1	-0.01	0.54	0.54	SYY
KDP	-0.15	0.33	0.03	0.4	0.46	-0.1		0.09	0.3	0.4	KDP
KMB	0.5	-0.11	-0.6	-0.54	-0.54	-0.01	0.09		-0.38	-0.29	KMB
JBS	-0.23	0.42	0.8	0.67	0.56	0.54	0.3	-0.38		0.79	JBS
HSY	-0.16	0.37	0.65	0.73	0.69	0.54	0.4	-0.29	0.79		HSY
	KR	CCEP	ABEV	DG	DLTR	SYY	KDP	KMB	JBS	HSY

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DLTR	+ 0.95	DG
JBS	+ 0.8	ABEV
HSY	+ 0.79	JBS
DG	+ 0.74	ABEV
HSY	+ 0.73	DG
HSY	+ 0.69	DLTR

High negative correlations

DG	- 0.7	KR
DLTR	- 0.69	KR
KMB	- 0.6	ABEV
KMB	- 0.54	DLTR
KMB	- 0.54	DG
ABEV	- 0.4	KR

Risk-Adjusted Indicators

There is a big difference between Target Stock performing well and Target Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Target's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KR	1.20	(0.11)	0.00	(2.02)	0.00	0.00	2.55	(2.68)	7.52
CCEP	0.83	0.02	(0.01)	1.86	1.29	(0.76)	1.95	(2.11)	5.66
ABEV	1.21	0.42	0.26	1.14	0.94	(1.64)	3.04	(1.71)	10.33
DG	1.72	0.52	0.24	1.50	1.56	(1.97)	4.59	(2.38)	20.14
DLTR	1.93	0.27	0.11	6.21	1.87	(2.13)	4.05	(2.85)	10.30
SYY	1.05	0.15	0.09	(2.54)	0.98	(1.26)	2.68	(2.10)	11.45
KDP	1.07	(0.08)	0.00	(1.82)	0.00	0.00	1.97	(1.93)	5.87
KMB	1.11	(0.27)	0.00	(0.58)	0.00	0.00	2.17	(1.59)	17.56
JBS	1.27	0.32	0.16	(1.19)	1.41	(1.40)	2.58	(2.78)	8.67
HSY	1.17	0.10	0.05	(52.21)	1.42	(1.22)	2.37	(2.35)	6.22

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC