PRFX vs TGT: Correlation
How closely do PRF Technologies Ltd. (PRFX) and Target Corporation (TGT) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRFX and TGT?
Across a 3-year window, the weekly returns of PRFX and TGT correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.26 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -2398.2 %².
Among the 23 assets we track against PRFX, TGT sits near the bottom by co-movement, at rank #21. The last year tells two different stories: TGT led by 163.9 percentage points, -87.7% for PRFX against +76.2% for TGT. Note the risk asymmetry: PRFX runs 9.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PRFX vs TGT: side by side
| PRFX (PRF Technologies Ltd.) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | -87.7% | +76.2% |
| 5-year return | -99.9% | -22.2% |
| Volatility (ann.) | 291.2% | 32.0% |
| Beta vs S&P 500 | 2.46 | 0.62 |
| Max drawdown (3Y) | -99.3% | -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 | PRFX | TGT |
|---|---|---|
| 2022 | -68.9% | -34.2% |
| 2023 | -33.4% | -1.4% |
| 2024 | -79.7% | -2.3% |
| 2025 | -80.9% | -24.5% |
| 2026 | -69.3% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRFX and TGT good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PRFX and TGT?
The PRFX/TGT correlation stands at -0.26 on a 3-year window (1 year: 0.12, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is TGT a good diversifier for PRFX?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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: PRFX correlations · TGT correlations
