BA vs TCRT: Correlation
Measured on weekly returns over the past three years, Boeing (BA) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and TCRT?
Over the past 3 years, BA and TCRT moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.15) than the 3-year average (-0.20). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -896.0 %².
Among the 37 assets we track against BA, TCRT sits near the bottom by co-movement, at rank #34. Their 12-month results are close: -10.9% for BA against -12.2% for TCRT. Note the risk asymmetry: TCRT runs 3.3 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.
BA vs TCRT: side by side
| BA (Boeing) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -10.9% | -12.2% |
| 5-year return | -3.6% | -99.3% |
| Volatility (ann.) | 36.4% | 121.9% |
| Beta vs S&P 500 | 1.43 | -1.11 |
| Max drawdown (3Y) | -48.3% | -95.0% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | TCRT |
|---|---|---|
| 2022 | -5.4% | -40.4% |
| 2023 | +36.8% | -89.2% |
| 2024 | -32.1% | -81.8% |
| 2025 | +22.7% | +69.1% |
| 2026 | -3.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and TCRT good diversifiers for each other?
Yes. With a correlation of -0.20, BA and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BA and TCRT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with 0.15 over the last year and -0.07 over 5 years.
Is TCRT a good diversifier for BA?
Yes. With a correlation of -0.20, BA and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/ba-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ba-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BA correlations · TCRT correlations
