TriMas Correlations

TRS Stock

USD 36.01 0.24 0.66%

The current 90-days correlation between TriMas and Winmark is 0.01 (i.e., Significant 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

Poor diversification

The correlation between TriMas and DJI is 0.76 (i.e., Poor 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.

Build AI portfolio with TriMas Stock

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 real.

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

Moving together with TriMas Stock

0.72	FUCA	FANUC PUNSPADR 110	Pair Corr
0.77	HI	Hillenbrand Earnings Call Today	Pair Corr
0.62	IR	Ingersoll Rand Earnings Call Tomorrow	Pair Corr
0.71	PH	Parker Hannifin	Pair Corr
0.67	PL	Planet Labs PBC Downward Rally	Pair Corr
0.76	TE	T1 Energy Symbol Change	Pair Corr
0.77	21T	Bodycote PLC	Pair Corr
0.8	JUN3	Jungheinrich AG ONVZO	Pair Corr
0.62	HZ8	Insteel Industries	Pair Corr
0.65	BRM	BioRem Inc	Pair Corr

Moving against TriMas Stock

0.54	INRN	Interroll Holding	Pair Corr
0.69	D7G	Nel ASA	Pair Corr
0.6	WATR	Current Water Techno	Pair Corr
0.69	EPOW	Sunrise New Energy	Pair Corr

Related Correlations Analysis

	WINA	RERE	RVLV	TILE	ARCO	GOOS	MBC	SBH	ARHS	OI
WINA		0.58	0.32	0.7	0.58	-0.31	0.69	0.46	0.08	0.58	WINA
RERE	0.58		0.86	0.81	0.66	-0.18	0.8	0.53	0.65	0.91	RERE
RVLV	0.32	0.86		0.54	0.33	0.04	0.57	0.34	0.82	0.78	RVLV
TILE	0.7	0.81	0.54		0.9	-0.42	0.93	0.69	0.42	0.87	TILE
ARCO	0.58	0.66	0.33	0.9		-0.32	0.78	0.63	0.22	0.72	ARCO
GOOS	-0.31	-0.18	0.04	-0.42	-0.32		-0.3	-0.05	0.07	-0.29	GOOS
MBC	0.69	0.8	0.57	0.93	0.78	-0.3		0.71	0.49	0.86	MBC
SBH	0.46	0.53	0.34	0.69	0.63	-0.05	0.71		0.34	0.53	SBH
ARHS	0.08	0.65	0.82	0.42	0.22	0.07	0.49	0.34		0.69	ARHS
OI	0.58	0.91	0.78	0.87	0.72	-0.29	0.86	0.53	0.69		OI
	WINA	RERE	RVLV	TILE	ARCO	GOOS	MBC	SBH	ARHS	OI

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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

MBC	+ 0.93	TILE
OI	+ 0.91	RERE
ARCO	+ 0.9	TILE
OI	+ 0.87	TILE
RVLV	+ 0.86	RERE
OI	+ 0.86	MBC

High negative correlations

GOOS	- 0.42	TILE
GOOS	- 0.32	ARCO
GOOS	- 0.31	WINA
MBC	- 0.3	GOOS
OI	- 0.29	GOOS
GOOS	- 0.18	RERE

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
WINA	1.71	(0.03)	(0.01)	0.05	2.24	(1.68)	3.40	(4.32)	10.99
RERE	2.19	0.66	0.24	1.21	2.14	(2.46)	6.33	(3.25)	14.39
RVLV	2.20	0.19	0.10	0.22	2.02	(2.56)	4.52	(3.09)	13.47
TILE	1.16	0.32	0.26	0.34	0.96	(1.42)	2.87	(2.07)	8.15
ARCO	1.40	0.21	0.15	0.26	1.25	(1.85)	4.36	(2.72)	9.83
GOOS	2.51	(0.40)	0.00	(0.07)	0.00	0.00	4.62	(5.44)	24.25
MBC	1.91	0.25	0.16	0.22	1.69	(2.42)	5.50	(3.58)	10.05
SBH	2.08	0.09	0.02	0.21	2.89	(2.01)	4.70	(4.37)	11.38
ARHS	2.03	0.05	0.03	0.12	2.25	(2.40)	4.68	(3.69)	12.28
OI	1.64	0.21	0.11	0.25	1.65	(1.75)	4.00	(2.95)	9.23

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

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