SANG vs TRSG: Correlation
Sangoma Technologies Corporation (SANG) and Tungray Technologies Inc - Class A (TRSG) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SANG and TRSG?
Over the past 3 years, SANG and TRSG moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -863.2 %².
Out of 10 assets tracked against SANG, TRSG lands near the bottom at #10. The last year tells two different stories: TRSG led by 28.1 percentage points, -35.9% for SANG against -7.8% for TRSG. One caveat on sizing: TRSG is 2.2 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.
SANG vs TRSG: side by side
| SANG (Sangoma Technologies Corporation) | TRSG (Tungray Technologies Inc - Class A) | |
|---|---|---|
| 1-year return | -35.9% | -7.8% |
| 5-year return | -78.8% | n/a |
| Volatility (ann.) | 42.3% | 92.3% |
| Beta vs S&P 500 | 0.77 | 0.67 |
| Max drawdown (3Y) | -55.6% | -86.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SANG | TRSG |
|---|---|---|
| 2022 | -71.2% | – |
| 2023 | -34.0% | – |
| 2024 | +123.1% | – |
| 2025 | -29.0% | -49.2% |
| 2026 | -25.2% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SANG and TRSG good diversifiers for each other?
Yes. With a correlation of -0.25, SANG and TRSG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SANG and TRSG?
The SANG/TRSG correlation stands at -0.25 on a 3-year window (1 year: -0.16, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRSG a good diversifier for SANG?
Yes. With a correlation of -0.25, SANG and TRSG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/sang-vs-trsg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sang-vs-trsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SANG correlations · TRSG correlations
