Trio Tech Correlations

TRT Stock

USD 5.91 0.23 3.75%

The correlation of Trio Tech 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.

Trio Tech Correlation With Market

Weak diversification

The correlation between Trio Tech International and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trio Tech International and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Tech International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against Trio Stock

0.48	FSLR	First Solar	Pair Corr
0.45	ICG	Intchains Group Trending	Pair Corr
0.42	ENPH	Enphase Energy	Pair Corr
0.42	TER	Teradyne	Pair Corr
0.39	ENTG	Entegris	Pair Corr
0.38	JKS	JinkoSolar Holding	Pair Corr
0.34	FORM	FormFactor	Pair Corr
0.34	STM	STMicroelectronics NV ADR Sell-off Trend	Pair Corr
0.32	VECO	Veeco Instruments	Pair Corr
0.41	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.41	MOBX	Mobix Labs	Pair Corr
0.4	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.39	KLAC	KLA Tencor	Pair Corr
0.35	VLN	Valens Buyout Trend	Pair Corr

Related Correlations Analysis

	AEHR	CAMT	NVMI	ACLS	COHU	VECO	ICHR	AXTI	IPGP	DSCSY
AEHR		0.6	0.26	0.25	-0.13	0.26	-0.53	0.73	-0.02	-0.42	AEHR
CAMT	0.6		0.69	0.44	-0.18	0.47	-0.32	0.52	-0.07	-0.27	CAMT
NVMI	0.26	0.69		0.56	-0.04	0.69	0.03	0.42	-0.06	-0.16	NVMI
ACLS	0.25	0.44	0.56		-0.45	0.94	-0.42	0.64	-0.12	-0.38	ACLS
COHU	-0.13	-0.18	-0.04	-0.45		-0.41	0.62	-0.33	0.74	0.64	COHU
VECO	0.26	0.47	0.69	0.94	-0.41		-0.28	0.64	-0.18	-0.36	VECO
ICHR	-0.53	-0.32	0.03	-0.42	0.62	-0.28		-0.55	0.2	0.5	ICHR
AXTI	0.73	0.52	0.42	0.64	-0.33	0.64	-0.55		0.01	-0.47	AXTI
IPGP	-0.02	-0.07	-0.06	-0.12	0.74	-0.18	0.2	0.01		0.6	IPGP
DSCSY	-0.42	-0.27	-0.16	-0.38	0.64	-0.36	0.5	-0.47	0.6		DSCSY
	AEHR	CAMT	NVMI	ACLS	COHU	VECO	ICHR	AXTI	IPGP	DSCSY

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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

VECO	+ 0.94	ACLS
IPGP	+ 0.74	COHU
AXTI	+ 0.73	AEHR
NVMI	+ 0.69	CAMT
VECO	+ 0.69	NVMI
AXTI	+ 0.64	ACLS

High negative correlations

AXTI	- 0.55	ICHR
ICHR	- 0.53	AEHR
DSCSY	- 0.47	AXTI
COHU	- 0.45	ACLS
ICHR	- 0.42	ACLS
DSCSY	- 0.42	AEHR

Risk-Adjusted Indicators

There is a big difference between Trio Stock performing well and Trio Tech 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 Trio Tech's 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
AEHR	4.20	0.64	0.13	2.00	4.21	(4.95)	8.93	(6.96)	34.55
CAMT	2.66	0.16	0.04	0.51	3.04	(2.92)	6.30	(5.72)	18.78
NVMI	2.28	0.05	0.00	(0.08)	3.06	(2.64)	5.57	(6.09)	15.87
ACLS	1.82	(0.52)	0.00	(234.98)	0.00	0.00	3.87	(5.16)	14.28
COHU	2.10	0.18	0.07	0.88	2.22	(2.37)	4.19	(3.97)	14.26
VECO	1.61	(0.21)	0.00	(2.30)	0.00	0.00	3.29	(3.39)	12.77
ICHR	2.55	0.20	0.07	0.15	2.75	(2.87)	4.69	(5.06)	22.04
AXTI	3.91	0.29	0.05	0.46	4.88	(4.47)	6.83	(5.98)	38.81
IPGP	1.83	0.07	0.03	0.24	2.14	(1.87)	4.86	(3.32)	11.69
DSCSY	2.43	0.16	0.04	2.10	2.99	(2.59)	5.02	(5.53)	16.54

Trio Tech Corporate Management

A Wilson	Independent Chairman of the Board	Profile
Anitha Srinivasan	Chief Officer	Profile
Siew Soon	Corporate Vice President	Profile
Srinivasan Anitha	Chief Officer	Profile

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