Trinity Industries Correlations

TRN Stock

USD 30.78 0.47 1.55%

The current 90-days correlation between Trinity Industries and Greenbrier Companies is 0.79 (i.e., Poor 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

Very weak diversification

The correlation between Trinity Industries 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 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

0.94	GBX	Greenbrier Companies	Pair Corr
0.7	WAB	Westinghouse Air Brake	Pair Corr
0.61	GTEC	Greenland Acquisition	Pair Corr
0.89	ALSN	Allison Transmission	Pair Corr
0.75	J	Jacobs Solutions	Pair Corr

Moving against Trinity Stock

0.39	SLDPW	Solid Power	Pair Corr
0.33	MVST	Microvast Holdings	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	FSTR	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI
FSTR		0.24	0.54	0.53	0.47	0.47	0.41	0.37	0.4	FSTR
RAIL	0.24		0.67	0.2	0.4	-0.07	0.55	0.66	-0.15	RAIL
WAB	0.54	0.67		0.45	0.69	0.27	0.46	0.49	0.29	WAB
NSC	0.53	0.2	0.45		0.46	0.9	0.6	0.44	0.79	NSC
GBX	0.47	0.4	0.69	0.46		0.53	0.07	0.13	0.48	GBX
CSX	0.47	-0.07	0.27	0.9	0.53		0.25	0.08	0.86	CSX
UNP	0.41	0.55	0.46	0.6	0.07	0.25		0.86	0.22	UNP
CP	0.37	0.66	0.49	0.44	0.13	0.08	0.86		0.12	CP
CNI	0.4	-0.15	0.29	0.79	0.48	0.86	0.22	0.12		CNI
	FSTR	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI

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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

CSX	+ 0.9	NSC
CNI	+ 0.86	CSX
CP	+ 0.86	UNP
CNI	+ 0.79	NSC
GBX	+ 0.69	WAB
WAB	+ 0.67	RAIL

High negative correlations

CNI	- 0.15	RAIL
CSX	- 0.07	RAIL

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	1.77	0.01	0.00	0.00	2.21	(1.95)	3.64	(3.61)	10.16
RAIL	3.53	(0.20)	0.00	(0.15)	0.00	0.00	7.02	(7.31)	24.08
WAB	1.22	(0.09)	0.00	0.28	0.00	0.00	1.96	(3.77)	12.32
NSC	1.07	(0.09)	0.00	(0.16)	0.00	0.00	2.06	(2.86)	6.43
GBX	1.31	(0.25)	0.00	(0.32)	0.00	0.00	2.57	(3.36)	9.05
CSX	0.97	(0.14)	0.00	(0.28)	0.00	0.00	1.65	(2.58)	6.56
UNP	0.95	0.05	0.05	0.06	1.16	(0.99)	2.27	(1.93)	7.26
CP	1.15	0.05	0.03	0.07	1.58	(1.17)	2.30	(1.98)	9.92
CNI	0.99	(0.08)	0.00	(0.52)	0.00	0.00	2.13	(1.92)	7.75

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