Trinity Industries Correlations

TRN Stock

USD 26.28 0.54 2.01%

The current 90-days correlation between Trinity Industries and Greenbrier Companies is 0.66 (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 0.52 (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.

Build AI portfolio with Trinity Stock

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

0.78	BBU	Brookfield Business	Pair Corr
0.66	FIP	FTAI Infrastructure	Pair Corr
0.92	GBX	Greenbrier Companies	Pair Corr
0.76	FSTR	LB Foster	Pair Corr
0.8	HON	Honeywell International Earnings Call This Week	Pair Corr
0.65	MLR	Miller Industries	Pair Corr
0.8	MMM	3M Company	Pair Corr
0.68	MPU	Mega Matrix Corp	Pair Corr
0.81	NXT	Nextracker Class A	Pair Corr
0.62	RUN	Sunrun Inc	Pair Corr
0.83	VMI	Valmont Industries Earnings Call This Week	Pair Corr
0.79	WAB	Westinghouse Air Brake Earnings Call This Week	Pair Corr
0.72	NNBR	NN Inc	Pair Corr
0.88	PLOW	Douglas Dynamics	Pair Corr
0.78	RAIL	Freightcar America	Pair Corr
0.68	ARRY	Array Technologies	Pair Corr
0.71	ATMU	Atmus Filtration Tec	Pair Corr
0.77	SHLS	Shoals Technologies	Pair Corr
0.73	TOYO	TOYO Co,	Pair Corr
0.91	CVGI	Commercial Vehicle	Pair Corr
0.8	J	Jacobs Solutions	Pair Corr
0.91	R	Ryder System Earnings Call This Week	Pair Corr
0.69	AL	Air Lease	Pair Corr

Moving against Trinity Stock

0.46	FBYD	Falcons Beyond Global,	Pair Corr
0.61	PFAI	Pinnacle Food Group	Pair Corr
0.32	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	FSTR	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI
FSTR		0.75	0.5	0.61	0.79	0.59	0.71	0.26	0.19	FSTR
RAIL	0.75		0.83	0.91	0.82	0.91	0.78	0.7	0.59	RAIL
WAB	0.5	0.83		0.92	0.78	0.93	0.8	0.85	0.78	WAB
NSC	0.61	0.91	0.92		0.76	0.99	0.84	0.83	0.73	NSC
GBX	0.79	0.82	0.78	0.76		0.77	0.86	0.61	0.58	GBX
CSX	0.59	0.91	0.93	0.99	0.77		0.84	0.86	0.76	CSX
UNP	0.71	0.78	0.8	0.84	0.86	0.84		0.73	0.7	UNP
CP	0.26	0.7	0.85	0.83	0.61	0.86	0.73		0.92	CP
CNI	0.19	0.59	0.78	0.73	0.58	0.76	0.7	0.92		CNI
	FSTR	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI

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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	1.69	0.04	0.04	0.17	2.04	(1.81)	3.81	(3.11)	11.27
RAIL	3.79	1.15	0.35	1.68	2.73	(5.08)	9.51	(5.08)	24.26
WAB	0.92	0.17	0.20	0.28	0.54	(1.16)	2.39	(1.26)	7.87
NSC	1.03	0.23	0.19	0.39	0.64	(1.12)	2.54	(1.66)	8.89
GBX	1.65	0.19	0.12	0.32	1.32	(2.06)	3.52	(2.82)	24.64
CSX	1.02	0.19	0.16	0.34	0.68	(1.13)	2.11	(1.47)	7.83
UNP	0.93	(0.09)	(0.10)	0.03	1.00	(1.02)	1.69	(1.81)	8.79
CP	0.92	0.00	(0.05)	0.13	0.96	(1.02)	2.52	(1.69)	6.32
CNI	0.93	0.05	(0.08)	(0.37)	1.07	(1.15)	2.01	(1.73)	9.34

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