BAC vs TCRT: Correlation
How closely do Bank of America (BAC) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and TCRT?
Over the past 3 years, BAC and TCRT moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -670.1 %².
Within BAC's tracked universe of 45 assets, TCRT comes in at #40 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BAC outperformed by 36.3 percentage points (+24.1% for BAC against -12.2% for TCRT). Note the risk asymmetry: TCRT runs 4.6 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.
BAC vs TCRT: side by side
| BAC (Bank of America) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | -12.2% |
| 5-year return | +66.0% | -99.3% |
| Volatility (ann.) | 26.5% | 121.9% |
| Beta vs S&P 500 | 1.11 | -1.11 |
| Max drawdown (3Y) | -27.5% | -95.0% |
| Market cap | $427.7B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BAC | TCRT |
|---|---|---|
| 2022 | -23.8% | -40.4% |
| 2023 | +4.8% | -89.2% |
| 2024 | +33.9% | -81.8% |
| 2025 | +28.0% | +69.1% |
| 2026 | +12.4% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and TCRT good diversifiers for each other?
Yes. With a correlation of -0.21, BAC and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BAC and TCRT?
As of 2026-08-27, the correlation of weekly returns between BAC and TCRT is -0.21 over 3 years, -0.22 over 1 year and -0.05 over 5 years.
Is TCRT a good diversifier for BAC?
Yes. With a correlation of -0.21, BAC and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bac-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bac-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · TCRT correlations
