IHT vs TRSG: Correlation
How closely do InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) and Tungray Technologies Inc - Class A (TRSG) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHT and TRSG?
Across a 3-year window, the weekly returns of IHT and TRSG correlate at 0.27, weak. Lately the two have drifted apart, with the 1-year correlation at 0.05 versus 0.27 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 1231.2 %².
TRSG is one of the assets that tracks IHT most closely: it ranks #3 out of the 20 assets we track against IHT. Their recent paths diverged sharply: over the last 12 months TRSG outperformed by 26.0 percentage points (-33.8% for IHT against -7.8% for TRSG). Note the risk asymmetry: TRSG runs 1.7 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.
IHT vs TRSG: side by side
| IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | TRSG (Tungray Technologies Inc - Class A) | |
|---|---|---|
| 1-year return | -33.8% | -7.8% |
| 5-year return | -63.6% | n/a |
| Volatility (ann.) | 55.0% | 92.3% |
| Beta vs S&P 500 | 0.07 | 0.67 |
| Max drawdown (3Y) | -69.6% | -86.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHT | TRSG |
|---|---|---|
| 2022 | -22.9% | – |
| 2023 | +2.3% | – |
| 2024 | +29.5% | – |
| 2025 | -37.4% | -49.2% |
| 2026 | -3.6% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHT and TRSG good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IHT and TRSG?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.05 over the last year and n/a over 5 years.
Is TRSG a good diversifier for IHT?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 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/iht-vs-trsg.json
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Related comparisons
Hubs: IHT correlations · TRSG correlations
