ORRF vs TRT: Correlation
Orrstown Financial Services, Inc. (ORRF) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORRF and TRT?
Over the past 3 years, ORRF and TRT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.23). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -701.6 %².
Among the 17 assets we track against ORRF, TRT sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with TRT ahead by 270.9 points (+24.6% versus +295.5%). Note the risk asymmetry: TRT runs 3.8 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.
ORRF vs TRT: side by side
| ORRF (Orrstown Financial Services, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +24.6% | +295.5% |
| 5-year return | +111.1% | +365.8% |
| Volatility (ann.) | 28.5% | 107.4% |
| Beta vs S&P 500 | 0.84 | 0.18 |
| Max drawdown (3Y) | -35.9% | -54.6% |
| Market cap | $0.8B | – |
| P/E (trailing) | 9.5 | 209.6 |
| Dividend yield | 2.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORRF | TRT |
|---|---|---|
| 2022 | -5.3% | -66.5% |
| 2023 | +32.3% | +12.7% |
| 2024 | +27.7% | +14.6% |
| 2025 | -0.0% | +127.9% |
| 2026 | +21.8% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORRF and TRT good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ORRF and TRT?
The ORRF/TRT correlation stands at -0.23 on a 3-year window (1 year: -0.48, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for ORRF?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/orrf-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/orrf-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORRF correlations · TRT correlations
