APA vs TCRT: Correlation
APA Corporation (APA) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APA and TCRT?
On 3 years of weekly data the APA/TCRT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.22 over 3. The 5-year figure is -0.09, and annualized covariance runs at -1096.8 %².
By 3-year correlation, TCRT places #35 of the 43 assets tracked against APA. Their recent paths diverged sharply: over the last 12 months APA outperformed by 106.3 percentage points (+94.1% for APA against -12.2% for TCRT). Note the risk asymmetry: TCRT runs 2.9 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.
APA vs TCRT: side by side
| APA (APA Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +94.1% | -12.2% |
| 5-year return | +164.2% | -99.3% |
| Volatility (ann.) | 41.8% | 121.9% |
| Beta vs S&P 500 | 0.38 | -1.11 |
| Max drawdown (3Y) | -67.4% | -95.0% |
| Market cap | $14.8B | – |
| P/E (trailing) | 8.7 | – |
| Dividend yield | 2.43% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | APA | TCRT |
|---|---|---|
| 2022 | +76.4% | -40.4% |
| 2023 | -21.2% | -89.2% |
| 2024 | -33.4% | -81.8% |
| 2025 | +11.5% | +69.1% |
| 2026 | +77.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APA and TCRT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APA and TCRT?
As of 2026-08-27, the correlation of weekly returns between APA and TCRT is -0.22 over 3 years, -0.19 over 1 year and -0.09 over 5 years.
Is TCRT a good diversifier for APA?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/apa-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apa-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APA correlations · TCRT correlations
