TRC vs TRT: Correlation
How closely do Tejon Ranch Co (TRC) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRC and TRT?
Over the past 3 years, TRC and TRT moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -400.1 %².
Among the 11 assets we track against TRC, TRT sits near the bottom by co-movement, at rank #9. The last year tells two different stories: TRT led by 302.6 percentage points, -7.1% for TRC against +295.5% for TRT. Note the risk asymmetry: TRT runs 4.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TRC vs TRT: side by side
| TRC (Tejon Ranch Co) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -7.1% | +295.5% |
| 5-year return | -15.6% | +365.8% |
| Volatility (ann.) | 23.7% | 107.4% |
| Beta vs S&P 500 | 0.44 | 0.18 |
| Max drawdown (3Y) | -24.3% | -54.6% |
| Market cap | $0.4B | – |
| P/E (trailing) | 73.4 | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRC | TRT |
|---|---|---|
| 2022 | -1.3% | -66.5% |
| 2023 | -8.7% | +12.7% |
| 2024 | -7.6% | +14.6% |
| 2025 | -0.8% | +127.9% |
| 2026 | +2.3% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRC and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between TRC and TRT?
The TRC/TRT correlation stands at -0.16 on a 3-year window (1 year: -0.24, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for TRC?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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/trc-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/trc-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TRC correlations · TRT correlations
