ARL vs TCI: Correlation
How closely do American Realty Investors, Inc. (ARL) and Transcontinental Realty Investors, Inc. (TCI) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARL and TCI?
Over the past 3 years, ARL and TCI moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1122.5 %².
TCI is one of the assets that tracks ARL most closely: it ranks #1 out of the 10 assets we track against ARL. Over the last 12 months ARL came out ahead by 12.5 percentage points (-2.8% against -15.3%).
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.
ARL vs TCI: side by side
| ARL (American Realty Investors, Inc.) | TCI (Transcontinental Realty Investors, Inc.) | |
|---|---|---|
| 1-year return | -2.8% | -15.3% |
| 5-year return | +36.2% | +9.7% |
| Volatility (ann.) | 52.7% | 44.2% |
| Beta vs S&P 500 | 0.99 | 0.28 |
| Max drawdown (3Y) | -57.8% | -43.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | 29.4 | 41.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARL | TCI |
|---|---|---|
| 2022 | +102.8% | +13.0% |
| 2023 | -32.1% | -21.8% |
| 2024 | -15.7% | -13.7% |
| 2025 | +9.4% | +96.6% |
| 2026 | -6.6% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARL and TCI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARL and TCI?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.46 over the last year and 0.42 over 5 years.
Is TCI a good diversifier for ARL?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: ARL correlations · TCI correlations
