IMKTA vs TR: Correlation
Ingles Markets, Incorporated (IMKTA) and Tootsie Roll Industries, Inc. (TR) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMKTA and TR?
Over the past 3 years, IMKTA and TR moved with a correlation of 0.39, which is moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.39). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 244.5 %².
By 3-year correlation, TR places #6 of the 13 assets tracked against IMKTA. The last year tells two different stories: IMKTA led by 18.4 percentage points, +22.5% for IMKTA against +4.1% for TR.
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.
IMKTA vs TR: side by side
| IMKTA (Ingles Markets, Incorporated) | TR (Tootsie Roll Industries, Inc.) | |
|---|---|---|
| 1-year return | +22.5% | +4.1% |
| 5-year return | +28.3% | +57.7% |
| Volatility (ann.) | 24.9% | 25.1% |
| Beta vs S&P 500 | 0.17 | 0.05 |
| Max drawdown (3Y) | -32.0% | -20.0% |
| Market cap | $1.6B | $3.1B |
| P/E (trailing) | 15.2 | 32.2 |
| Dividend yield | 0.79% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMKTA | TR |
|---|---|---|
| 2022 | +12.6% | +22.3% |
| 2023 | -9.8% | -18.8% |
| 2024 | -24.7% | +1.4% |
| 2025 | +7.4% | +17.9% |
| 2026 | +20.7% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMKTA and TR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMKTA and TR?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.55 over the last year and 0.41 over 5 years.
Is TR a good diversifier for IMKTA?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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
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Related comparisons
Hubs: IMKTA correlations · TR correlations
