NEXR vs TGT: Correlation
Measured on weekly returns over the past three years, Nexera Technologies Ltd (NEXR) and Target Corporation (TGT) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXR and TGT?
On 3 years of weekly data the NEXR/TGT correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.14) runs above the 3-year figure (-0.28). The 5-year figure is -0.24, and annualized covariance runs at -5830.4 %².
Among the 22 assets we track against NEXR, TGT sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months TGT outperformed by 175.9 percentage points (-99.7% for NEXR against +76.2% for TGT). Risk is not evenly split, since NEXR carries 20.5 times the volatility of the other side.
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.
NEXR vs TGT: side by side
| NEXR (Nexera Technologies Ltd) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | -99.7% | +76.2% |
| 5-year return | n/a | -22.2% |
| Volatility (ann.) | 656.6% | 32.0% |
| Beta vs S&P 500 | 3.62 | 0.62 |
| Max drawdown (3Y) | -100.0% | -49.8% |
| Market cap | – | $75.4B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | NEXR | TGT |
|---|---|---|
| 2022 | – | -34.2% |
| 2023 | -62.4% | -1.4% |
| 2024 | -15.7% | -2.3% |
| 2025 | -98.1% | -24.5% |
| 2026 | -98.3% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXR and TGT good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NEXR and TGT?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with 0.14 over the last year and -0.24 over 5 years.
Is TGT a good diversifier for NEXR?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: NEXR correlations · TGT correlations
