Trio Tech Correlations
| TRT Stock | USD 6.43 0.22 3.31% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trio Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trio Tech International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Trio Tech International and NYA is -0.19 (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 NYA in the same portfolio, assuming nothing else is changed.
Trio |
The ability to find closely correlated positions to Trio Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trio Tech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trio Tech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trio Tech International to buy it.
Moving together with Trio Stock
| 0.81 | MU | Micron Technology Financial Report 26th of June 2024 | PairCorr |
| 0.73 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.77 | NVDA | NVIDIA Aggressive Push | PairCorr |
Moving against Trio Stock
| 0.83 | AAPL | Apple Inc Earnings Call This Week | PairCorr |
| 0.81 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.8 | BOXL | Boxlight Corp Class Financial Report 8th of May 2024 | PairCorr |
| 0.75 | SNOW | Snowflake Financial Report 22nd of May 2024 | PairCorr |
| 0.68 | WDAY | Workday Financial Report 23rd of May 2024 | PairCorr |
| 0.68 | TWLO | Twilio Inc Financial Report 14th of May 2024 | PairCorr |
| 0.61 | UIS | Unisys Earnings Call Next Week | PairCorr |
| 0.58 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
| 0.51 | NOW | ServiceNow Financial Report 24th of July 2024 | PairCorr |
| 0.51 | CSCO | Cisco Systems Report 15th of May 2024 | PairCorr |
| 0.5 | ADSK | Autodesk Financial Report 23rd of May 2024 | PairCorr |
| 0.49 | SYTA | Siyata MobileInc Report 21st of May 2024 | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Trio Tech without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Trio Tech Corporate Management
Elected by the shareholders, the Trio Tech's board of directors comprises two types of representatives: Trio Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trio. The board's role is to monitor Trio Tech's management team and ensure that shareholders' interests are well served. Trio Tech's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trio Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| A Wilson | Independent Chairman of the Board | Profile | |
| Anitha Srinivasan | Chief Officer | Profile | |
| Siew Soon | Corporate Vice President | Profile | |
| Srinivasan Anitha | Chief Officer | Profile |
Already Invested in Trio Tech International?
The danger of trading Trio Tech International is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Trio Tech is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Trio Tech. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Trio Tech International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Trio Tech International is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Trio Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Trio Tech International Stock. Highlighted below are key reports to facilitate an investment decision about Trio Tech International Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Tech International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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When running Trio Tech's price analysis, check to measure Trio Tech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Trio Tech is operating at the current time. Most of Trio Tech's value examination focuses on studying past and present price action to predict the probability of Trio Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trio Tech's price. Additionally, you may evaluate how the addition of Trio Tech to your portfolios can decrease your overall portfolio volatility.
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Is Trio Tech's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trio Tech. If investors know Trio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trio Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.028 | Earnings Share 0.21 | Revenue Per Share 10.023 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0113 |
The market value of Trio Tech International is measured differently than its book value, which is the value of Trio that is recorded on the company's balance sheet. Investors also form their own opinion of Trio Tech's value that differs from its market value or its book value, called intrinsic value, which is Trio Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trio Tech's market value can be influenced by many factors that don't directly affect Trio Tech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Trio Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trio Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trio Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.