INHD vs TRMB: Correlation
Measured on weekly returns over the past three years, Inno Holdings Inc. (INHD) and Trimble Inc. (TRMB) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INHD and TRMB?
Across a 3-year window, the weekly returns of INHD and TRMB correlate at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.16 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -10496.2 %².
Within INHD's tracked universe of 25 assets, TRMB comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRMB outperformed by 74.7 percentage points (-99.8% for INHD against -25.1% for TRMB). Note the risk asymmetry: INHD runs 72.4 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.
INHD vs TRMB: side by side
| INHD (Inno Holdings Inc.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -99.8% | -25.1% |
| 5-year return | n/a | -35.7% |
| Volatility (ann.) | 2238.2% | 30.9% |
| Beta vs S&P 500 | -0.52 | 1.13 |
| Max drawdown (3Y) | -100.0% | -42.7% |
| Market cap | – | $14.3B |
| P/E (trailing) | 0.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | INHD | TRMB |
|---|---|---|
| 2022 | – | -42.0% |
| 2023 | – | +5.2% |
| 2024 | -67.3% | +32.8% |
| 2025 | -99.0% | +10.9% |
| 2026 | -73.7% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INHD and TRMB good diversifiers for each other?
Yes. With a correlation of -0.16, INHD and TRMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INHD and TRMB?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is TRMB a good diversifier for INHD?
Yes. With a correlation of -0.16, INHD and TRMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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/inhd-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inhd-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INHD correlations · TRMB correlations
