TriMas Correlations
| TRS Stock | USD 24.59 0.05 0.20% |
The current 90-days correlation between TriMas and Karat Packaging is 0.4 (i.e., Very weak diversification). The correlation of TriMas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
TriMas Correlation With Market
Very weak diversification
The correlation between TriMas and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TriMas and DJI in the same portfolio, assuming nothing else is changed.
TriMas |
Moving together with TriMas Stock
Moving against TriMas Stock
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between TriMas Stock performing well and TriMas Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze TriMas' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GEF | 1.15 | (0.07) | 0.00 | (0.01) | 0.00 | 2.59 | 11.60 | |||
| KRT | 1.18 | 0.20 | 0.14 | 0.14 | 1.26 | 3.17 | 14.46 | |||
| REYN | 0.80 | (0.20) | 0.00 | (0.50) | 0.00 | 0.97 | 8.13 | |||
| SLGN | 0.88 | 0.02 | 0.01 | 0.06 | 1.02 | 1.75 | 5.76 | |||
| OI | 1.96 | (0.37) | 0.00 | (0.16) | 0.00 | 4.86 | 12.91 | |||
| SON | 0.85 | (0.15) | 0.00 | (0.22) | 0.00 | 1.59 | 4.99 | |||
| MYE | 2.04 | (0.35) | 0.00 | (0.20) | 0.00 | 3.75 | 12.86 | |||
| SEE | 1.24 | (0.08) | 0.00 | (0.05) | 0.00 | 2.06 | 8.29 | |||
| PTVE | 1.75 | 0.62 | 0.40 | 0.62 | 0.91 | 5.59 | 18.83 |
TriMas Corporate Management
| Jan Dijk | VP Treasurer | Profile | |
| Jodi Robin | General Secretary | Profile | |
| Scott Mell | Chief Officer | Profile | |
| Jill Stress | Chief Officer | Profile | |
| Charles Manz | Pres Components | Profile | |
| Marc Roberts | Pres Segment | Profile |