Target Correlations
| TGTB34 Stock | BRL 604.51 -8.48 -1.38% |
Current 90-days correlation between Target and Metalurgica Gerdau SA is -0.16 (i.e., Excellent diversification).When its correlation with a broad index is high, most of the stock's return is explained by market movement.
Market Linkage for Target
Excellent diversification
Across the chosen horizon, Target and Dow Jones show a correlation of -0.2 and fall into the Excellent diversification bucket. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding Target alone.
Target |
Correlation data for Target reflects how it moves relative to similar exposures. The dataset reflects observed co-movement patterns from historical price data.
Moving together with Target Stock
| 0.82 | COWC34 | Costco Wholesale | PairCorr |
| 0.66 | H1CA34 | HCA Healthcare | PairCorr |
| 0.63 | CLXC34 | Clorox | PairCorr |
| 0.84 | TPIS3F | TPIS3F | PairCorr |
Moving against Target Stock
Related Correlations Analysis
| -0.3 | 0.11 | 0.9 | -0.32 | 0.01 | M1CH34 | ||
| -0.3 | 0.59 | -0.35 | 0.66 | -0.55 | A1KA34 | ||
| 0.11 | 0.59 | 0.05 | 0.74 | -0.92 | TECN3 | ||
| 0.9 | -0.35 | 0.05 | -0.4 | 0.01 | GOAU4 | ||
| -0.32 | 0.66 | 0.74 | -0.4 | -0.78 | K1SG34 | ||
| 0.01 | -0.55 | -0.92 | 0.01 | -0.78 | U1BE34 | ||
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
| High negative correlations
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Risk-Adjusted Indicators
Strong stock returns do not always mean Target Company is outperforming its peers on a fundamental level. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| M1CH34 | 1.38 | -0.08 | 0.00 | -0.26 | 0.00 | 3.92 | 17.39 | |||
| A1KA34 | 2.03 | 0.31 | 0.11 | -0.46 | 2.87 | 5.45 | 24.62 | |||
| TECN3 | 1.53 | 0.37 | 0.20 | 0.37 | 1.64 | 3.66 | 10.70 | |||
| GOAU4 | 1.36 | -0.10 | 0.00 | -0.34 | 0.00 | 2.74 | 8.45 | |||
| K1SG34 | 1.80 | 0.88 | 0.00 | 1.29 | 0.00 | 3.66 | 31.93 | |||
| U1BE34 | 1.68 | -0.12 | 0.00 | -0.29 | 0.00 | 3.07 | 10.08 |
Be your own money manager
A disciplined portfolio workflow around Target should test whether the position strengthens diversification, return efficiency, and overall portfolio fit. The better process compares expected return, volatility, and correlation before the position is increased or introduced.
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Target Corporate Management
Governance review matters for Target because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.
| Brett Craig | Ex Officer | Profile | |
| John Hulbert | VP Relations | Profile | |
| Michael Fiddelke | Ex CFO | Profile | |
| Matthew Liegel | Chief Officer | Profile |