LINK vs TRMD: Correlation
Interlink Electronics, Inc. (LINK) and TORM plc (TRMD) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LINK and TRMD?
Over the past 3 years, LINK and TRMD moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -868.9 %².
Among the 13 assets we track against LINK, TRMD sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months TRMD outperformed by 62.9 percentage points (-1.5% for LINK against +61.4% for TRMD). Note the risk asymmetry: LINK runs 2.1 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.
LINK vs TRMD: side by side
| LINK (Interlink Electronics, Inc.) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | -1.5% | +61.4% |
| 5-year return | +17.2% | +679.6% |
| Volatility (ann.) | 81.3% | 39.6% |
| Beta vs S&P 500 | 1.01 | 0.60 |
| Max drawdown (3Y) | -71.3% | -60.6% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LINK | TRMD |
|---|---|---|
| 2022 | -15.7% | +297.7% |
| 2023 | +56.5% | +31.6% |
| 2024 | -26.8% | -23.5% |
| 2025 | -6.7% | +11.3% |
| 2026 | +34.0% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LINK and TRMD good diversifiers for each other?
Yes. With a correlation of -0.27, LINK and TRMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LINK and TRMD?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.20 over the last year and -0.18 over 5 years.
Is TRMD a good diversifier for LINK?
Yes. With a correlation of -0.27, LINK and TRMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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
$ curl https://www.pairbook.io/api/v1/pairs/link-vs-trmd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/link-vs-trmd/)
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Related comparisons
Hubs: LINK correlations · TRMD correlations
