MYE vs TRS: Correlation
Measured on weekly returns over the past three years, Myers Industries, Inc. (MYE) and TriMas Corporation (TRS) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYE and TRS?
Across a 3-year window, the weekly returns of MYE and TRS correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 670.7 %².
Among the 13 assets we track against MYE, TRS ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MYE ahead by 99.1 points (+101.9% versus +2.8%).
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.
MYE vs TRS: side by side
| MYE (Myers Industries, Inc.) | TRS (TriMas Corporation) | |
|---|---|---|
| 1-year return | +101.9% | +2.8% |
| 5-year return | +70.0% | +25.8% |
| Volatility (ann.) | 39.3% | 33.3% |
| Beta vs S&P 500 | 0.73 | 0.76 |
| Max drawdown (3Y) | -59.0% | -29.5% |
| Market cap | $1.3B | $1.4B |
| P/E (trailing) | 24.8 | 19.2 |
| Dividend yield | 1.62% | 0.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYE | TRS |
|---|---|---|
| 2022 | +14.0% | -24.6% |
| 2023 | -9.5% | -8.1% |
| 2024 | -41.4% | -2.3% |
| 2025 | +75.7% | +45.0% |
| 2026 | +79.9% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYE and TRS good diversifiers for each other?
Only partially. A correlation of 0.51 means MYE and TRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MYE and TRS?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.47 over the last year and 0.47 over 5 years.
Is TRS a good diversifier for MYE?
Only partially. A correlation of 0.51 means MYE and TRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mye-vs-trs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mye-vs-trs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MYE correlations · TRS correlations
