Trinity Biotech plc (TRIB) — Stock Correlations & Overview
Over the past year, TRIB has moved most closely with JFIN, OND, JULZ. Explore the stocks most correlated and inversely correlated with TRIB below, along with its price, financials, and company profile.
Stocks correlated with TRIB
Correlation of daily returns. Higher positive values move with TRIB; negative values move opposite it. Informational only, not investment advice.
Most correlated with TRIB
| Symbol | Company | Correlation |
|---|---|---|
| JFIN | Jiayin Group Inc. American Depositary Shares | 0.36 |
| OND | ProShares On-Demand ETF | 0.32 |
| JULZ | TrueShares Structured Outcome (July) ETF | 0.31 |
| HFGM | Unlimited HFGM Global Macro ETF | 0.31 |
| ARVR | First Trust Indxx Metaverse ETF | 0.29 |
Most inversely correlated with TRIB
| Symbol | Company | Correlation |
|---|---|---|
| BOLD | Boundless Bio, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.36 |
| USDX | SGI Enhanced Core ETF | -0.32 |
| SPAQ | Horizon Kinetics SPAC Active ETF | -0.28 |
| TBUX | T. Rowe Price Ultra Short-Term Bond ETF | -0.27 |
| HSCS | HeartSciences Inc. Common StockORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES | -0.26 |
Frequently asked questions about TRIB correlations
- Which stocks are most correlated with TRIB?
- Based on one year of daily returns, the stocks most correlated with Trinity Biotech plc (TRIB) are JFIN (0.36), OND (0.32) and JULZ (0.31). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TRIB?
- Over the past year, the stocks most inversely correlated with Trinity Biotech plc (TRIB) are BOLD (-0.36), USDX (-0.32) and SPAQ (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TRIB correlations calculated?
- We compute the correlation of daily returns between TRIB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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