Trio Tech Correlations
| TRT Stock | USD 8.40 0.05 0.59% |
The current 90-days correlation between Trio Tech International and Franklin Wireless Corp is -0.11 (i.e., Good diversification). 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
Good diversification
The correlation between Trio Tech International and DJI is -0.12 (i.e., Good 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.
Moving together with Trio Stock
| 0.78 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.61 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.74 | HYMTF | Hyundai Motor | PairCorr |
| 0.77 | FR | First Industrial Realty | PairCorr |
| 0.64 | MMM | 3M Company | PairCorr |
| 0.64 | WMT | Walmart Aggressive Push | PairCorr |
| 0.85 | CAT | Caterpillar | PairCorr |
| 0.9 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.73 | MRK | Merck Company | PairCorr |
Moving against Trio Stock
| 0.86 | HD | Home Depot | PairCorr |
| 0.79 | DIS | Walt Disney | PairCorr |
| 0.78 | T | ATT Inc | PairCorr |
| 0.77 | PG | Procter Gamble | PairCorr |
| 0.73 | VZ | Verizon Communications | PairCorr |
| 0.67 | BA | Boeing | PairCorr |
| 0.65 | NXPI | NXP Semiconductors Tech Boost | PairCorr |
| 0.56 | HPQ | HP Inc | PairCorr |
| 0.31 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FKWL | 1.60 | 0.08 | 0.01 | 0.48 | 1.56 | 3.89 | 9.65 | |||
| BRID | 1.79 | 0.02 | (0.02) | 0.40 | 2.45 | 4.11 | 12.89 | |||
| FHBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LWAY | 1.99 | (0.33) | 0.00 | (0.31) | 0.00 | 4.00 | 24.43 | |||
| GAMCF | 0.02 | 0.00 | 0.00 | 1.16 | 0.00 | 0.00 | 0.77 | |||
| NPNTQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HFFG | 2.44 | (0.42) | 0.00 | (0.20) | 0.00 | 6.64 | 25.44 | |||
| CLLFF | 0.62 | 0.39 | 0.00 | (0.29) | 0.00 | 0.00 | 18.33 |
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 |