Target Corporation (TGT) — Stock Correlations & Overview
Over the past year, TGT has moved most closely with XRT, RETL, FXD. Explore the stocks most correlated and inversely correlated with TGT below, along with its price, financials, and company profile.
Stocks correlated with TGT
Correlation of daily returns. Higher positive values move with TGT; negative values move opposite it. Informational only, not investment advice.
Most correlated with TGT
| Symbol | Company | Correlation |
|---|---|---|
| XRT | State Street SPDR S&P Retail ETF | 0.59 |
| RETL | Direxion Daily Retail Bull 3X ETF | 0.59 |
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.52 |
| RDIV | Invesco S&P Ultra Dividend Revenue ETFINVESTMENT ADVICE | 0.52 |
| RSPS | Invesco S&P 500 Equal Weight Consumer Staples ETF | 0.52 |
Most inversely correlated with TGT
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.64 |
| SZK | ProShares UltraShort Consumer Staples | -0.46 |
| SBB | ProShares Short SmallCap600 | -0.36 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.35 |
| SDD | ProShares UltraShort SmallCap600 | -0.34 |
Frequently asked questions about TGT correlations
- Which stocks are most correlated with TGT?
- Based on one year of daily returns, the stocks most correlated with Target Corporation (TGT) are XRT (0.59), RETL (0.59) and FXD (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TGT?
- Over the past year, the stocks most inversely correlated with Target Corporation (TGT) are EMTY (-0.64), SZK (-0.46) and SBB (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TGT correlations calculated?
- We compute the correlation of daily returns between TGT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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