Trimas Corporation (TRS) Correlation Distribution
Across 6,809 rolling correlation observations between Trimas Corporation (TRS) and other NASDAQ-listed stocks, 74.1% are positive and 25.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 19.2% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.308
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.1%
- Strong positive (≥0.7)
- 19.2%
- Sector
- Metal Forgings & Stampings
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 141 | 2.1% | |
| -0.6 to -0.5 | 140 | 2.1% | |
| -0.5 to -0.4 | 323 | 4.7% | |
| -0.4 to -0.3 | 323 | 4.7% | |
| -0.3 to -0.2 | 274 | 4.0% | |
| -0.2 to -0.1 | 274 | 4.0% | |
| -0.1 to 0.0 | 262 | 3.8% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 344 | 5.1% | |
| 0.2 to 0.3 | 344 | 5.1% | |
| 0.3 to 0.4 | 509 | 7.5% | |
| 0.4 to 0.5 | 509 | 7.5% | |
| 0.5 to 0.6 | 886 | 13.0% | |
| 0.6 to 0.7 | 885 | 13.0% | |
| 0.7 to 0.8 | 654 | 9.6% | |
| 0.8 to 0.9 | 654 | 9.6% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of TRS?
Trimas Corporation (TRS) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TRS positively correlated with other stocks?
Mostly yes — 74.1% of pairs are positive and 25.9% are negative. Strong positive correlations (≥0.7) make up 19.2%.
What is the most common correlation range for TRS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.8% of all pairs.
Explore the full interactive correlation distribution for TRS.
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