APP vs TRMB: Correlation
How closely do AppLovin (APP) and Trimble Inc. (TRMB) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and TRMB?
Across a 3-year window, the weekly returns of APP and TRMB correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 1517.2 %².
Few assets follow APP as closely as TRMB, which ranks #2 of 44 tracked partners. On 12-month performance TRMB holds a 7.4-point edge, -32.5% against -25.1%. This link changes with the market regime, having swung between 0.23 and 0.79 on a rolling one-year basis. Risk is not evenly split, since APP carries 2.7 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.
APP vs TRMB: side by side
| APP (AppLovin) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -32.5% | -25.1% |
| 5-year return | +326.5% | -35.7% |
| Volatility (ann.) | 84.3% | 30.9% |
| Beta vs S&P 500 | 3.10 | 1.13 |
| Max drawdown (3Y) | -59.3% | -42.7% |
| Market cap | $105.0B | $14.3B |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Information Technology |
Year-by-year returns
| Year | APP | TRMB |
|---|---|---|
| 2022 | -88.8% | -42.0% |
| 2023 | +278.4% | +5.2% |
| 2024 | +712.6% | +32.8% |
| 2025 | +108.1% | +10.9% |
| 2026 | -53.6% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and TRMB good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APP and TRMB?
The APP/TRMB correlation stands at 0.58 on a 3-year window (1 year: 0.48, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for APP?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/app-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/app-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APP correlations · TRMB correlations
