Target Corporation (TGT) Correlation Distribution
Across 6,809 rolling correlation observations between Target Corporation (TGT) and other NASDAQ-listed stocks, 72.9% are positive and 27.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 24.2% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.306
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.9%
- Strong positive (≥0.7)
- 24.2%
- Sector
- Retail-Variety Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 152 | 2.2% | |
| -0.6 to -0.5 | 152 | 2.2% | |
| -0.5 to -0.4 | 331 | 4.9% | |
| -0.4 to -0.3 | 330 | 4.8% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 271 | 4.0% | |
| -0.1 to 0.0 | 276 | 4.1% | |
| 0.0 to 0.1 | 275 | 4.0% | |
| 0.1 to 0.2 | 325 | 4.8% | |
| 0.2 to 0.3 | 325 | 4.8% | |
| 0.3 to 0.4 | 501 | 7.4% | |
| 0.4 to 0.5 | 501 | 7.4% | |
| 0.5 to 0.6 | 697 | 10.2% | |
| 0.6 to 0.7 | 696 | 10.2% | |
| 0.7 to 0.8 | 813 | 11.9% | |
| 0.8 to 0.9 | 813 | 11.9% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of TGT?
Target Corporation (TGT) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TGT positively correlated with other stocks?
Mostly yes — 72.9% of pairs are positive and 27.1% are negative. Strong positive correlations (≥0.7) make up 24.2%.
What is the most common correlation range for TGT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for TGT.
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