MRBK vs TRT: Correlation
How closely do Meridian Corporation (MRBK) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRBK and TRT?
Across a 3-year window, the weekly returns of MRBK and TRT correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.24 over 3 years. Stretching to 5 years gives -0.08, with an annualized covariance of -925.1 %².
Among the 13 assets we track against MRBK, TRT sits near the bottom by co-movement, at rank #11. The last year tells two different stories: TRT led by 268.8 percentage points, +26.7% for MRBK against +295.5% for TRT. Note the risk asymmetry: TRT runs 3.0 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.
MRBK vs TRT: side by side
| MRBK (Meridian Corporation) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +26.7% | +295.5% |
| 5-year return | +64.7% | +365.8% |
| Volatility (ann.) | 35.7% | 107.4% |
| Beta vs S&P 500 | 0.96 | 0.18 |
| Max drawdown (3Y) | -39.2% | -54.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | 10.6 | 209.6 |
| Dividend yield | 2.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRBK | TRT |
|---|---|---|
| 2022 | -13.3% | -66.5% |
| 2023 | -4.1% | +12.7% |
| 2024 | +3.4% | +14.6% |
| 2025 | +32.7% | +127.9% |
| 2026 | +12.4% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRBK and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between MRBK and TRT?
As of 2026-08-27, the correlation of weekly returns between MRBK and TRT is -0.24 over 3 years, -0.47 over 1 year and -0.08 over 5 years.
Is TRT a good diversifier for MRBK?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/mrbk-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mrbk-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRBK correlations · TRT correlations
