TCBX vs TRT: Correlation
Measured on weekly returns over the past three years, Third Coast Bancshares, Inc. (TCBX) and Trio-Tech International (TRT) 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 TCBX and TRT?
Across a 3-year window, the weekly returns of TCBX and TRT correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.54 versus -0.23 over 3 years. Stretching to 5 years gives -0.06, with an annualized covariance of -792.2 %².
TRT is close to the least connected end of TCBX's tracked universe, ranking #11 of 13. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 282.7 percentage points (+12.8% for TCBX against +295.5% for TRT). Risk is not evenly split, since TRT carries 3.4 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.
TCBX vs TRT: side by side
| TCBX (Third Coast Bancshares, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +12.8% | +295.5% |
| 5-year return | +80.3% | +365.8% |
| Volatility (ann.) | 31.7% | 107.4% |
| Beta vs S&P 500 | 0.88 | 0.18 |
| Max drawdown (3Y) | -28.9% | -54.6% |
| Market cap | $0.8B | – |
| P/E (trailing) | 11.0 | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCBX | TRT |
|---|---|---|
| 2022 | -29.1% | -66.5% |
| 2023 | +7.8% | +12.7% |
| 2024 | +70.9% | +14.6% |
| 2025 | +12.0% | +127.9% |
| 2026 | +18.6% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCBX and TRT 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 TCBX and TRT?
As of 2026-08-27, the correlation of weekly returns between TCBX and TRT is -0.23 over 3 years, -0.54 over 1 year and -0.06 over 5 years.
Is TRT a good diversifier for TCBX?
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?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tcbx-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tcbx-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TCBX correlations · TRT correlations
