TRSG vs WOR: Correlation
Measured on weekly returns over the past three years, Tungray Technologies Inc - Class A (TRSG) and Worthington Enterprises, Inc. (WOR) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRSG and WOR?
On 3 years of weekly data the TRSG/WOR correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.37 over 3. The 5-year figure is n/a, and annualized covariance runs at 1176.7 %².
Among the 24 assets we track against TRSG, WOR ranks #4 by 3-year correlation. Over the last 12 months TRSG came out ahead by 5.3 percentage points (-7.8% against -13.1%). Note the risk asymmetry: TRSG runs 2.7 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.
TRSG vs WOR: side by side
| TRSG (Tungray Technologies Inc - Class A) | WOR (Worthington Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -7.8% | -13.1% |
| 5-year return | n/a | +73.3% |
| Volatility (ann.) | 92.3% | 34.7% |
| Beta vs S&P 500 | 0.67 | 0.83 |
| Max drawdown (3Y) | -86.3% | -42.4% |
| Market cap | – | $2.8B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRSG | WOR |
|---|---|---|
| 2022 | – | -6.9% |
| 2023 | – | +91.6% |
| 2024 | – | -29.3% |
| 2025 | -49.2% | +30.3% |
| 2026 | +36.7% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRSG and WOR good diversifiers for each other?
Reasonably. At 0.37, TRSG and WOR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TRSG and WOR?
The TRSG/WOR correlation stands at 0.37 on a 3-year window (1 year: 0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WOR a good diversifier for TRSG?
Reasonably. At 0.37, TRSG and WOR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: TRSG correlations · WOR correlations
