CTSH vs TRT: Correlation
Cognizant (CTSH) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and TRT?
Across a 3-year window, the weekly returns of CTSH and TRT correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -787.8 %².
Out of 44 assets tracked against CTSH, TRT lands near the bottom at #41. Correlation aside, the last 12 months split them widely, with TRT ahead by 305.3 points (-9.8% versus +295.5%). Risk is not evenly split, since TRT carries 3.3 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.
CTSH vs TRT: side by side
| CTSH (Cognizant) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -9.8% | +295.5% |
| 5-year return | -9.6% | +365.8% |
| Volatility (ann.) | 32.3% | 107.4% |
| Beta vs S&P 500 | 0.89 | 0.18 |
| Max drawdown (3Y) | -56.1% | -54.6% |
| Market cap | $28.7B | – |
| P/E (trailing) | 13.3 | 209.6 |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | TRT |
|---|---|---|
| 2022 | -34.5% | -66.5% |
| 2023 | +34.4% | +12.7% |
| 2024 | +3.5% | +14.6% |
| 2025 | +9.7% | +127.9% |
| 2026 | -21.8% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CTSH and TRT?
The CTSH/TRT correlation stands at -0.23 on a 3-year window (1 year: -0.31, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for CTSH?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
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/ctsh-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctsh-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTSH correlations · TRT correlations
