SENEA vs TR: Correlation
Measured on weekly returns over the past three years, Seneca Foods Corp. (SENEA) and Tootsie Roll Industries, Inc. (TR) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SENEA and TR?
On 3 years of weekly data the SENEA/TR correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.36). The 5-year figure is 0.32, and annualized covariance runs at 298.5 %².
In SENEA's tracked universe of 11 assets, TR sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months SENEA outperformed by 69.2 percentage points (+73.3% for SENEA against +4.1% for TR).
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.
SENEA vs TR: side by side
| SENEA (Seneca Foods Corp.) | TR (Tootsie Roll Industries, Inc.) | |
|---|---|---|
| 1-year return | +73.3% | +4.1% |
| 5-year return | +294.2% | +57.7% |
| Volatility (ann.) | 33.3% | 25.1% |
| Beta vs S&P 500 | 0.07 | 0.05 |
| Max drawdown (3Y) | -22.8% | -20.0% |
| Market cap | $1.3B | $3.1B |
| P/E (trailing) | 11.1 | 32.2 |
| Dividend yield | 0.00% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SENEA | TR |
|---|---|---|
| 2022 | +27.1% | +22.3% |
| 2023 | -14.0% | -18.8% |
| 2024 | +51.1% | +1.4% |
| 2025 | +39.6% | +17.9% |
| 2026 | +73.8% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SENEA and TR good diversifiers for each other?
Reasonably. At 0.36, SENEA and TR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SENEA and TR?
As of 2026-08-27, the correlation of weekly returns between SENEA and TR is 0.36 over 3 years, 0.57 over 1 year and 0.32 over 5 years.
Is TR a good diversifier for SENEA?
Reasonably. At 0.36, SENEA and TR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/senea-vs-tr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/senea-vs-tr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SENEA correlations · TR correlations
