AFYA vs TRT: Correlation
Measured on weekly returns over the past three years, Afya Limited - Class A (AFYA) and Trio-Tech International (TRT) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFYA and TRT?
Across a 3-year window, the weekly returns of AFYA and TRT correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.25 over 3 years. Stretching to 5 years gives -0.08, with an annualized covariance of -796.0 %².
Out of 10 assets tracked against AFYA, TRT lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 296.5 percentage points (-1.0% for AFYA against +295.5% for TRT). Note the risk asymmetry: TRT runs 3.6 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.
AFYA vs TRT: side by side
| AFYA (Afya Limited - Class A) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -1.0% | +295.5% |
| 5-year return | -27.6% | +365.8% |
| Volatility (ann.) | 30.2% | 107.4% |
| Beta vs S&P 500 | 0.56 | 0.18 |
| Max drawdown (3Y) | -40.4% | -54.6% |
| Market cap | $1.3B | – |
| P/E (trailing) | 8.5 | 209.6 |
| Dividend yield | 23.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFYA | TRT |
|---|---|---|
| 2022 | -0.6% | -66.5% |
| 2023 | +40.4% | +12.7% |
| 2024 | -27.6% | +14.6% |
| 2025 | -1.7% | +127.9% |
| 2026 | -3.0% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFYA and TRT good diversifiers for each other?
Yes. With a correlation of -0.25, AFYA and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AFYA and TRT?
The AFYA/TRT correlation stands at -0.25 on a 3-year window (1 year: -0.43, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for AFYA?
Yes. With a correlation of -0.25, AFYA and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afya-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afya-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFYA correlations · TRT correlations
