Trinity Industries Correlations

TRN Stock

USD 37.55 0.38 1.02%

The current 90-days correlation between Trinity Industries and Greenbrier Companies is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trinity Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Trinity Industries Correlation With Market

Poor diversification

The correlation between Trinity Industries and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trinity Industries 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 Trinity Industries. 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.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.

Moving together with Trinity Stock

0.83	BBU	Brookfield Business	Pair Corr
0.86	GBX	Greenbrier Companies	Pair Corr
0.64	GFF	Griffon	Pair Corr
0.71	FSTR	LB Foster	Pair Corr
0.83	HON	Honeywell International	Pair Corr
0.82	MLR	Miller Industries	Pair Corr
0.9	VMI	Valmont Industries	Pair Corr
0.93	WAB	Westinghouse Air Brake	Pair Corr
0.84	HYLN	Hyliion Holdings Corp Trending	Pair Corr
0.73	CRESW	Cresud SACIF y	Pair Corr
0.88	ALSN	Allison Transmission	Pair Corr
0.82	B	Barnes Group	Pair Corr
0.71	G	Genpact Limited	Pair Corr
0.8	J	Jacobs Solutions	Pair Corr

Moving against Trinity Stock

0.86	RUN	Sunrun Inc Aggressive Push	Pair Corr
0.73	WPRT	Westport Fuel Systems	Pair Corr
0.55	EFSH	1847 Holdings LLC	Pair Corr
0.81	PITA	Heramba Electric plc	Pair Corr
0.74	CVGI	Commercial Vehicle	Pair Corr
0.71	SLDPW	Solid Power	Pair Corr
0.66	SLDP	Solid Power	Pair Corr
0.62	BEEM	Beam Global	Pair Corr
0.59	SHLS	Shoals Technologies Buyout Trend	Pair Corr
0.56	ZEO	Zeo Energy Corp Symbol Change	Pair Corr
0.44	PLOW	Douglas Dynamics	Pair Corr
0.36	FBYDW	Falcons Beyond Global,	Pair Corr

Related Correlations Analysis

	FSTR	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI
FSTR		0.04	0.61	0.65	0.73	0.6	-0.29	-0.62	-0.52	FSTR
RAIL	0.04		0.7	0.25	0.5	0.16	-0.61	-0.36	-0.49	RAIL
WAB	0.61	0.7		0.58	0.87	0.57	-0.68	-0.72	-0.73	WAB
NSC	0.65	0.25	0.58		0.73	0.74	-0.1	-0.56	-0.45	NSC
GBX	0.73	0.5	0.87	0.73		0.54	-0.66	-0.84	-0.81	GBX
CSX	0.6	0.16	0.57	0.74	0.54		0.06	-0.31	-0.17	CSX
UNP	-0.29	-0.61	-0.68	-0.1	-0.66	0.06		0.74	0.85	UNP
CP	-0.62	-0.36	-0.72	-0.56	-0.84	-0.31	0.74		0.93	CP
CNI	-0.52	-0.49	-0.73	-0.45	-0.81	-0.17	0.85	0.93		CNI
	FSTR	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CNI	+ 0.93	CP
GBX	+ 0.87	WAB
CNI	+ 0.85	UNP
CSX	+ 0.74	NSC
CP	+ 0.74	UNP
GBX	+ 0.73	FSTR

High negative correlations

CP	- 0.84	GBX
CNI	- 0.81	GBX
CNI	- 0.73	WAB
CP	- 0.72	WAB
UNP	- 0.68	WAB
UNP	- 0.66	GBX

Risk-Adjusted Indicators

There is a big difference between Trinity Stock performing well and Trinity Industries 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 Trinity Industries' 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
FSTR	2.16	0.47	0.28	0.36	1.60	(2.57)	6.37	(3.40)	14.55
RAIL	5.60	0.92	0.11	0.89	7.67	(6.16)	10.76	(9.73)	49.53
WAB	0.85	0.16	0.20	0.26	0.55	(1.09)	2.14	(1.07)	5.10
NSC	1.27	0.01	0.06	0.12	1.31	(1.38)	2.69	(2.27)	12.14
GBX	1.54	0.42	0.35	0.43	0.82	(1.87)	3.46	(2.32)	19.01
CSX	1.20	(0.05)	0.00	0.09	1.79	(1.26)	2.20	(2.44)	11.99
UNP	0.97	(0.14)	(0.09)	0.00	1.40	(0.90)	1.72	(2.01)	8.64
CP	0.93	(0.15)	0.00	(0.12)	0.00	0.00	2.07	(1.66)	4.89
CNI	0.87	(0.16)	0.00	(0.04)	0.00	0.00	2.21	(1.71)	5.28

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC