MSLE vs TGT: Correlation
Satellos Bioscience Inc. (MSLE) and Target Corporation (TGT) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSLE and TGT?
Across a 3-year window, the weekly returns of MSLE and TGT correlate at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.30 over 3 years. Stretching to 5 years gives 0.12, with an annualized covariance of 767.8 %².
By 3-year correlation, TGT places #5 of the 10 assets tracked against MSLE. Over the last 12 months MSLE came out ahead by 5.8 percentage points (+82.0% against +76.2%). One caveat on sizing: MSLE is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MSLE vs TGT: side by side
| MSLE (Satellos Bioscience Inc.) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +82.0% | +76.2% |
| 5-year return | -36.4% | -22.2% |
| Volatility (ann.) | 80.3% | 32.0% |
| Beta vs S&P 500 | 0.86 | 0.62 |
| Max drawdown (3Y) | -57.0% | -49.8% |
| Market cap | $0.2B | $75.4B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | MSLE | TGT |
|---|---|---|
| 2022 | -78.8% | -34.2% |
| 2023 | +89.0% | -1.4% |
| 2024 | +81.5% | -2.3% |
| 2025 | -16.9% | -24.5% |
| 2026 | +63.4% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSLE and TGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MSLE and TGT?
The MSLE/TGT correlation stands at 0.30 on a 3-year window (1 year: 0.16, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is TGT a good diversifier for MSLE?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MSLE correlations · TGT correlations
