ALMS vs TCRT: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and TCRT?
Across a 3-year window, the weekly returns of ALMS and TCRT correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 4479.6 %².
Within ALMS's tracked universe of 92 assets, TCRT comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 383.9 percentage points (+371.7% for ALMS against -12.2% for TCRT).
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.
ALMS vs TCRT: side by side
| ALMS (Alumis Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +371.7% | -12.2% |
| 5-year return | n/a | -99.3% |
| Volatility (ann.) | 130.0% | 121.9% |
| Beta vs S&P 500 | -1.50 | -1.11 |
| Max drawdown (3Y) | -78.9% | -95.0% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | TCRT |
|---|---|---|
| 2022 | – | -40.4% |
| 2023 | – | -89.2% |
| 2024 | – | -81.8% |
| 2025 | +24.2% | +69.1% |
| 2026 | +137.8% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and TCRT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALMS and TCRT?
The ALMS/TCRT correlation stands at 0.31 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for ALMS?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · TCRT correlations
