ADM vs TCRT: Correlation
Measured on weekly returns over the past three years, Archer Daniels Midland (ADM) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and TCRT?
Across a 3-year window, the weekly returns of ADM and TCRT correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.23 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -820.3 %².
By 3-year correlation, TCRT places #28 of the 33 assets tracked against ADM. Their recent paths diverged sharply: over the last 12 months ADM outperformed by 42.0 percentage points (+29.8% for ADM against -12.2% for TCRT). Note the risk asymmetry: TCRT runs 4.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADM vs TCRT: side by side
| ADM (Archer Daniels Midland) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +29.8% | -12.2% |
| 5-year return | +51.7% | -99.3% |
| Volatility (ann.) | 29.9% | 121.9% |
| Beta vs S&P 500 | 0.24 | -1.11 |
| Max drawdown (3Y) | -46.0% | -95.0% |
| Market cap | $38.1B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | TCRT |
|---|---|---|
| 2022 | +40.0% | -40.4% |
| 2023 | -20.4% | -89.2% |
| 2024 | -27.5% | -81.8% |
| 2025 | +18.2% | +69.1% |
| 2026 | +40.4% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and TCRT good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADM and TCRT?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.04 over the last year and -0.10 over 5 years.
Is TCRT a good diversifier for ADM?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adm-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADM correlations · TCRT correlations
