SLSR vs TGB: Correlation
How closely do Solaris Resources Inc. (SLSR) and Trekor Metals Limited (TGB) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLSR and TGB?
Over the past 3 years, SLSR and TGB moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.75) than the 3-year average (0.50). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1952.1 %².
In SLSR's tracked universe of 10 assets, TGB sits right near the top at #3. Correlation aside, the last 12 months split them widely, with TGB ahead by 144.7 points (+59.7% versus +204.4%).
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.
SLSR vs TGB: side by side
| SLSR (Solaris Resources Inc.) | TGB (Trekor Metals Limited) | |
|---|---|---|
| 1-year return | +59.7% | +204.4% |
| 5-year return | -4.4% | +450.0% |
| Volatility (ann.) | 63.0% | 62.1% |
| Beta vs S&P 500 | 1.40 | 1.89 |
| Max drawdown (3Y) | -56.9% | -44.3% |
| Market cap | $1.5B | $3.5B |
| P/E (trailing) | – | 484.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLSR | TGB |
|---|---|---|
| 2022 | -65.7% | -28.3% |
| 2023 | -33.7% | -4.8% |
| 2024 | +1.8% | +38.6% |
| 2025 | +156.7% | +191.8% |
| 2026 | +11.8% | +71.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLSR and TGB good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SLSR and TGB?
The SLSR/TGB correlation stands at 0.50 on a 3-year window (1 year: 0.75, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is TGB a good diversifier for SLSR?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/slsr-vs-tgb.json
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Related comparisons
Hubs: SLSR correlations · TGB correlations
