LIQT vs TRMD: Correlation
Measured on weekly returns over the past three years, LiqTech International, Inc. (LIQT) and TORM plc (TRMD) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIQT and TRMD?
On 3 years of weekly data the LIQT/TRMD correlation comes out at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.47 versus 0.33 over 3 years. The 5-year figure is 0.11, and annualized covariance runs at 891.8 %².
In LIQT's tracked universe of 12 assets, TRMD sits right near the top at #1. Correlation aside, the last 12 months split them widely, with TRMD ahead by 132.5 points (-71.1% versus +61.4%). One caveat on sizing: LIQT is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LIQT vs TRMD: side by side
| LIQT (LiqTech International, Inc.) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | -71.1% | +61.4% |
| 5-year return | -98.6% | +679.6% |
| Volatility (ann.) | 68.6% | 39.6% |
| Beta vs S&P 500 | 0.75 | 0.60 |
| Max drawdown (3Y) | -87.4% | -60.6% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIQT | TRMD |
|---|---|---|
| 2022 | -93.4% | +297.7% |
| 2023 | +12.2% | +31.6% |
| 2024 | -46.0% | -23.5% |
| 2025 | -20.7% | +11.3% |
| 2026 | -61.6% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIQT and TRMD good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LIQT and TRMD?
The LIQT/TRMD correlation stands at 0.33 on a 3-year window (1 year: 0.47, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is TRMD a good diversifier for LIQT?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 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/liqt-vs-trmd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/liqt-vs-trmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIQT correlations · TRMD correlations
