GDHG vs TRSG: Correlation
How closely do Golden Heaven Group Holdings Ltd. - Class A (GDHG) and Tungray Technologies Inc - Class A (TRSG) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDHG and TRSG?
Over the past 3 years, GDHG and TRSG moved with a correlation of 0.43, which is moderate. The past 12 months show a weaker link (-0.09) than the 3-year average (0.43). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8005.9 %².
Few assets follow GDHG as closely as TRSG, which ranks #3 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with TRSG ahead by 69.6 points (-77.4% versus -7.8%). Note the risk asymmetry: GDHG runs 2.2 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.
GDHG vs TRSG: side by side
| GDHG (Golden Heaven Group Holdings Ltd. - Class A) | TRSG (Tungray Technologies Inc - Class A) | |
|---|---|---|
| 1-year return | -77.4% | -7.8% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 203.3% | 92.3% |
| Beta vs S&P 500 | 1.20 | 0.67 |
| Max drawdown (3Y) | -100.0% | -86.3% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDHG | TRSG |
|---|---|---|
| 2024 | -93.7% | – |
| 2025 | -99.8% | -49.2% |
| 2026 | -31.8% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDHG and TRSG good diversifiers for each other?
Reasonably. At 0.43, GDHG and TRSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GDHG and TRSG?
The GDHG/TRSG correlation stands at 0.43 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRSG a good diversifier for GDHG?
Reasonably. At 0.43, GDHG and TRSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: GDHG correlations · TRSG correlations
