ANGO vs TCRT: Correlation
How closely do AngioDynamics, Inc. (ANGO) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGO and TCRT?
Across a 3-year window, the weekly returns of ANGO and TCRT correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -1455.5 %².
TCRT is close to the least connected end of ANGO's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months ANGO outperformed by 69.8 percentage points (+57.6% for ANGO against -12.2% for TCRT). One caveat on sizing: TCRT is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ANGO vs TCRT: side by side
| ANGO (AngioDynamics, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +57.6% | -12.2% |
| 5-year return | -44.6% | -99.3% |
| Volatility (ann.) | 50.1% | 121.9% |
| Beta vs S&P 500 | 0.26 | -1.11 |
| Max drawdown (3Y) | -37.3% | -95.0% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGO | TCRT |
|---|---|---|
| 2022 | -50.1% | -40.4% |
| 2023 | -43.1% | -89.2% |
| 2024 | +16.8% | -81.8% |
| 2025 | +40.2% | +69.1% |
| 2026 | +22.9% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGO and TCRT good diversifiers for each other?
Yes. With a correlation of -0.24, ANGO and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANGO and TCRT?
As of 2026-08-27, the correlation of weekly returns between ANGO and TCRT is -0.24 over 3 years, -0.14 over 1 year and -0.13 over 5 years.
Is TCRT a good diversifier for ANGO?
Yes. With a correlation of -0.24, ANGO and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/ango-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ango-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANGO correlations · TCRT correlations
