STVN vs TRMB: Correlation
How closely do Stevanato Group S.p.A. (STVN) and Trimble Inc. (TRMB) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STVN and TRMB?
On 3 years of weekly data the STVN/TRMB correlation comes out at 0.33, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.33). The 5-year figure is 0.37, and annualized covariance runs at 486.6 %².
Within STVN's tracked universe of 10 assets, TRMB comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STVN outperformed by 25.0 percentage points (-0.1% for STVN against -25.1% for TRMB). Risk is not evenly split, since STVN carries 1.5 times the volatility of the other side.
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.
STVN vs TRMB: side by side
| STVN (Stevanato Group S.p.A.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -0.1% | -25.1% |
| 5-year return | -6.9% | -35.7% |
| Volatility (ann.) | 47.2% | 30.9% |
| Beta vs S&P 500 | 0.80 | 1.13 |
| Max drawdown (3Y) | -61.0% | -42.7% |
| Market cap | $6.1B | $14.3B |
| P/E (trailing) | 39.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | STVN | TRMB |
|---|---|---|
| 2022 | -19.7% | -42.0% |
| 2023 | +52.2% | +5.2% |
| 2024 | -19.9% | +32.8% |
| 2025 | -7.4% | +10.9% |
| 2026 | +11.2% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STVN and TRMB good diversifiers for each other?
Reasonably. At 0.33, STVN and TRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between STVN and TRMB?
The STVN/TRMB correlation stands at 0.33 on a 3-year window (1 year: 0.54, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for STVN?
Reasonably. At 0.33, STVN and TRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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/stvn-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stvn-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STVN correlations · TRMB correlations
