TriMas Correlations

TRS Stock

USD 26.95 0.36 1.35%

The current 90-days correlation between TriMas and Karat Packaging is 0.41 (i.e., Very weak diversification). The correlation of TriMas 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.

TriMas Correlation With Market

Very weak diversification

The correlation between TriMas and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TriMas 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 TriMas. 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.

For more information on how to buy TriMas Stock please use our How to Invest in TriMas guide.

Moving together with TriMas Stock

0.61	KRT	Karat Packaging	Pair Corr
0.67	PKG	Packaging Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.64	SEE	Sealed Air	Pair Corr
0.75	AMBP	Ardagh Metal Packaging	Pair Corr

Moving against TriMas Stock

0.61	DSHK	Drive Shack	Pair Corr
0.52	MYE	Myers Industries	Pair Corr
0.42	AVY	Avery Dennison Corp	Pair Corr
0.41	SON	Sonoco Products	Pair Corr
0.69	EBET	Ebet Inc	Pair Corr
0.63	EVKG	Ever Glory Internati	Pair Corr
0.62	WPRT	Westport Fuel Systems	Pair Corr
0.59	TFRFF	Tefron	Pair Corr
0.57	AIN	Albany International	Pair Corr
0.55	WINR	Simplicity Esports and	Pair Corr
0.55	IVP	Inspire Veterinary	Pair Corr
0.41	FRZA	Forza X1	Pair Corr
0.34	EFOI	Energy Focu	Pair Corr

Related Correlations Analysis

	GEF	KRT	REYN	SLGN	OI	SON	MYE	SEE	PTVE
GEF		0.96	-0.73	0.91	0.27	-0.71	-0.57	0.47	0.82	GEF
KRT	0.96		-0.8	0.9	0.18	-0.77	-0.66	0.48	0.73	KRT
REYN	-0.73	-0.8		-0.76	0.2	0.9	0.84	-0.55	-0.42	REYN
SLGN	0.91	0.9	-0.76		0.13	-0.7	-0.61	0.46	0.75	SLGN
OI	0.27	0.18	0.2	0.13		0.24	0.26	0.08	0.34	OI
SON	-0.71	-0.77	0.9	-0.7	0.24		0.82	-0.42	-0.44	SON
MYE	-0.57	-0.66	0.84	-0.61	0.26	0.82		-0.4	-0.38	MYE
SEE	0.47	0.48	-0.55	0.46	0.08	-0.42	-0.4		0.41	SEE
PTVE	0.82	0.73	-0.42	0.75	0.34	-0.44	-0.38	0.41		PTVE
	GEF	KRT	REYN	SLGN	OI	SON	MYE	SEE	PTVE

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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

KRT	+ 0.96	GEF
SLGN	+ 0.91	GEF
SLGN	+ 0.9	KRT
SON	+ 0.9	REYN
MYE	+ 0.84	REYN
PTVE	+ 0.82	GEF

High negative correlations

REYN	- 0.8	KRT
SON	- 0.77	KRT
SLGN	- 0.76	REYN
REYN	- 0.73	GEF
SON	- 0.71	GEF
SON	- 0.7	SLGN

Risk-Adjusted Indicators

There is a big difference between TriMas Stock performing well and TriMas 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 TriMas' 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
GEF	1.25	0.07	0.09	0.17	1.11	(1.52)	2.98	(2.28)	9.21
KRT	1.25	0.10	0.15	0.17	0.96	(1.46)	3.51	(1.89)	11.75
REYN	0.86	(0.17)	0.00	(0.50)	0.00	0.00	1.92	(2.19)	8.89
SLGN	0.88	0.08	0.04	0.23	0.83	(0.95)	1.74	(1.57)	5.37
OI	2.08	(0.16)	(0.01)	0.05	2.27	(2.56)	5.29	(3.81)	13.61
SON	0.85	(0.11)	0.00	(0.08)	0.00	0.00	1.67	(1.65)	4.84
MYE	1.80	(0.58)	0.00	(0.24)	0.00	0.00	3.00	(4.02)	11.90
SEE	1.18	(0.04)	(0.04)	0.08	1.48	(1.19)	2.26	(2.43)	8.28
PTVE	1.74	0.03	0.06	0.14	1.69	(2.02)	4.01	(2.77)	11.76

TriMas Corporate Management

Jan Dijk	VP Treasurer	Profile
Jodi Robin	General Secretary	Profile
Scott Mell	Chief Officer	Profile
Jill Stress	Chief Officer	Profile
Charles Manz	Pres Components	Profile
Marc Roberts	Pres Segment	Profile

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