PEBK vs TRT: Correlation
Measured on weekly returns over the past three years, Peoples Bancorp of North Carolina, Inc. (PEBK) and Trio-Tech International (TRT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBK and TRT?
Across a 3-year window, the weekly returns of PEBK and TRT correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.14, with an annualized covariance of -731.5 %².
Among the 12 assets we track against PEBK, TRT sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with TRT ahead by 252.7 points (+42.8% versus +295.5%). One caveat on sizing: TRT is 3.5 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.
PEBK vs TRT: side by side
| PEBK (Peoples Bancorp of North Carolina, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +42.8% | +295.5% |
| 5-year return | +80.5% | +365.8% |
| Volatility (ann.) | 30.3% | 107.4% |
| Beta vs S&P 500 | 0.76 | 0.18 |
| Max drawdown (3Y) | -25.2% | -54.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | 12.0 | 209.6 |
| Dividend yield | 1.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEBK | TRT |
|---|---|---|
| 2022 | +21.8% | -66.5% |
| 2023 | -1.4% | +12.7% |
| 2024 | +4.3% | +14.6% |
| 2025 | +19.7% | +127.9% |
| 2026 | +21.5% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBK and TRT good diversifiers for each other?
Yes. With a correlation of -0.22, PEBK and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PEBK and TRT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.41 over the last year and -0.14 over 5 years.
Is TRT a good diversifier for PEBK?
Yes. With a correlation of -0.22, PEBK and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/pebk-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pebk-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PEBK correlations · TRT correlations
