GRCE vs TRT: Correlation
Measured on weekly returns over the past three years, Grace Therapeutics, Inc. (GRCE) and Trio-Tech International (TRT) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRCE and TRT?
Over the past 3 years, GRCE and TRT moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.53) than the 3-year average (-0.26). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -2178.8 %².
Among the 10 assets we track against GRCE, TRT sits near the bottom by co-movement, at rank #10. The last year tells two different stories: TRT led by 325.1 percentage points, -29.6% for GRCE against +295.5% for TRT.
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.
GRCE vs TRT: side by side
| GRCE (Grace Therapeutics, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -29.6% | +295.5% |
| 5-year return | -88.8% | +365.8% |
| Volatility (ann.) | 78.2% | 107.4% |
| Beta vs S&P 500 | 0.95 | 0.18 |
| Max drawdown (3Y) | -60.0% | -54.6% |
| Market cap | – | – |
| P/E (trailing) | – | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRCE | TRT |
|---|---|---|
| 2022 | -60.3% | -66.5% |
| 2023 | -3.7% | +12.7% |
| 2024 | +29.4% | +14.6% |
| 2025 | -7.5% | +127.9% |
| 2026 | -37.6% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRCE and TRT good diversifiers for each other?
Yes. With a correlation of -0.26, GRCE and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GRCE and TRT?
As of 2026-08-27, the correlation of weekly returns between GRCE and TRT is -0.26 over 3 years, -0.53 over 1 year and -0.15 over 5 years.
Is TRT a good diversifier for GRCE?
Yes. With a correlation of -0.26, GRCE and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grce-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grce-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRCE correlations · TRT correlations
