CAPS vs TRSG: Correlation
How closely do Capstone Holding Corp. (CAPS) and Tungray Technologies Inc - Class A (TRSG) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAPS and TRSG?
Across a 3-year window, the weekly returns of CAPS and TRSG correlate at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.30 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 2531.8 %².
Few assets follow CAPS as closely as TRSG, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months TRSG outperformed by 77.2 percentage points (-85.0% for CAPS against -7.8% for TRSG).
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.
CAPS vs TRSG: side by side
| CAPS (Capstone Holding Corp.) | TRSG (Tungray Technologies Inc - Class A) | |
|---|---|---|
| 1-year return | -85.0% | -7.8% |
| 5-year return | -99.2% | n/a |
| Volatility (ann.) | 81.8% | 92.3% |
| Beta vs S&P 500 | 0.82 | 0.67 |
| Max drawdown (3Y) | -97.5% | -86.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAPS | TRSG |
|---|---|---|
| 2022 | +114.5% | – |
| 2023 | -85.9% | – |
| 2024 | -56.9% | – |
| 2025 | -67.4% | -49.2% |
| 2026 | -74.7% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAPS and TRSG good diversifiers for each other?
Reasonably. At 0.30, CAPS and TRSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CAPS and TRSG?
The CAPS/TRSG correlation stands at 0.30 on a 3-year window (1 year: 0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRSG a good diversifier for CAPS?
Reasonably. At 0.30, CAPS and TRSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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/caps-vs-trsg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/caps-vs-trsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CAPS correlations · TRSG correlations
