Trio-Tech International (TRT) — Stock Correlations & Overview
Over the past year, TRT has moved most closely with TXN, CAMT, POWI. Explore the stocks most correlated and inversely correlated with TRT below, along with its price, financials, and company profile.
Stocks correlated with TRT
Correlation of daily returns. Higher positive values move with TRT; negative values move opposite it. Informational only, not investment advice.
Most correlated with TRT
| Symbol | Company | Correlation |
|---|---|---|
| TXN | Texas Instruments IncorporatedSEMICONDUCTORS & RELATED DEVICES | 0.40 |
| CAMT | Camtek Ltd | 0.38 |
| POWI | Power Integrations IncSEMICONDUCTORS & RELATED DEVICES | 0.38 |
| XSD | State Street SPDR S&P Semiconductor ETF | 0.38 |
| SEDG | SolarEdge Technologies, Inc.SEMICONDUCTORS & RELATED DEVICES | 0.35 |
Most inversely correlated with TRT
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.34 |
| STRA | Strategic Education, Inc. Common StockSERVICES-EDUCATIONAL SERVICES | -0.31 |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -0.30 |
| GRCE | Grace Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.30 |
| QCMD | Direxion Daily QCOM Bear 1X ETF | -0.29 |
Frequently asked questions about TRT correlations
- Which stocks are most correlated with TRT?
- Based on one year of daily returns, the stocks most correlated with Trio-Tech International (TRT) are TXN (0.40), CAMT (0.38) and POWI (0.38). 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 TRT?
- Over the past year, the stocks most inversely correlated with Trio-Tech International (TRT) are SOXS (-0.34), STRA (-0.31) and YQQQ (-0.30). 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 TRT correlations calculated?
- We compute the correlation of daily returns between TRT 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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