ALX vs TRT: Correlation
How closely do Alexander's, Inc. (ALX) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALX and TRT?
Across a 3-year window, the weekly returns of ALX and TRT correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.23). Stretching to 5 years gives -0.11, with an annualized covariance of -643.7 %².
Among the 12 assets we track against ALX, TRT sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with TRT ahead by 271.4 points (+24.1% versus +295.5%). Risk is not evenly split, since TRT carries 4.1 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.
ALX vs TRT: side by side
| ALX (Alexander's, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +24.1% | +295.5% |
| 5-year return | +51.5% | +365.8% |
| Volatility (ann.) | 26.4% | 107.4% |
| Beta vs S&P 500 | 0.64 | 0.18 |
| Max drawdown (3Y) | -23.2% | -54.6% |
| Market cap | $1.4B | – |
| P/E (trailing) | 8.2 | 209.6 |
| Dividend yield | 6.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALX | TRT |
|---|---|---|
| 2022 | -9.1% | -66.5% |
| 2023 | +6.4% | +12.7% |
| 2024 | +1.4% | +14.6% |
| 2025 | +18.4% | +127.9% |
| 2026 | +31.2% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALX and TRT good diversifiers for each other?
Yes. With a correlation of -0.23, ALX and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALX and TRT?
As of 2026-08-27, the correlation of weekly returns between ALX and TRT is -0.23 over 3 years, -0.36 over 1 year and -0.11 over 5 years.
Is TRT a good diversifier for ALX?
Yes. With a correlation of -0.23, ALX and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alx-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alx-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALX correlations · TRT correlations
