Co-movers

daily closes · 499dMethod

Moved together

TGTwithWMT

×0.19co-movement · WMT on TGT · 499d

r 0.27scale to r 0.75

Shared co-movers1with TGTwith WMT

HDHome Depot, Inc.r 0.45r 0.38

TGT, solidWMT, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

TGTTarget Corp

153.80+1.30%· post 154.25

Mkt cap$70.1BRevenue$26.5BQ2 FY26Revenue$105BFY25

WMTWalmart Inc.

123.51+1.86%· post 123.53

ClosedOct 30 '26

Mkt cap$979.9BRevenue$188BQ2 FY27Revenue$713BFY26

vs

Compare

ClosedOct 30 '26

TGTTarget Corp

vs

WMTWalmart Inc.

153.80+1.30%post 154.25

Price

123.51+1.86%post 123.53

$70.1B

Mkt cap

$979.9B

Q2 FY26$26.5B

Revenue

$188BQ2 FY27

FY25$105B

Revenue

$713BFY26

TGT compared with WMT: revenue, margins and what each company keeps, and the suppliers and customers both name