SIEB vs TRMD: Correlation
Measured on weekly returns over the past three years, Siebert Financial Corp. (SIEB) and TORM plc (TRMD) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIEB and TRMD?
Across a 3-year window, the weekly returns of SIEB and TRMD correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.23). Stretching to 5 years gives -0.11, with an annualized covariance of -519.3 %².
TRMD is close to the least connected end of SIEB's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months TRMD outperformed by 90.0 percentage points (-28.6% for SIEB against +61.4% for TRMD).
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.
SIEB vs TRMD: side by side
| SIEB (Siebert Financial Corp.) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | -28.6% | +61.4% |
| 5-year return | -48.4% | +679.6% |
| Volatility (ann.) | 56.9% | 39.6% |
| Beta vs S&P 500 | 0.90 | 0.60 |
| Max drawdown (3Y) | -70.6% | -60.6% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIEB | TRMD |
|---|---|---|
| 2022 | -41.4% | +297.7% |
| 2023 | +23.5% | +31.6% |
| 2024 | +88.1% | -23.5% |
| 2025 | +11.1% | +11.3% |
| 2026 | -43.9% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIEB and TRMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between SIEB and TRMD?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.40 over the last year and -0.11 over 5 years.
Is TRMD a good diversifier for SIEB?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/sieb-vs-trmd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sieb-vs-trmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SIEB correlations · TRMD correlations
