BANF vs TCRT: Correlation
How closely do BancFirst Corporation (BANF) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANF and TCRT?
Over the past 3 years, BANF and TCRT moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.19). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -660.9 %².
TCRT is close to the least connected end of BANF's tracked universe, ranking #14 of 16. Twelve-month performance is nearly a tie, at -16.1% for BANF and -12.2% for TCRT. One caveat on sizing: TCRT is 4.3 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.
BANF vs TCRT: side by side
| BANF (BancFirst Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -16.1% | -12.2% |
| 5-year return | +116.0% | -99.3% |
| Volatility (ann.) | 28.2% | 121.9% |
| Beta vs S&P 500 | 0.72 | -1.11 |
| Max drawdown (3Y) | -23.6% | -95.0% |
| Market cap | $3.7B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 1.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANF | TCRT |
|---|---|---|
| 2022 | +27.1% | -40.4% |
| 2023 | +12.4% | -89.2% |
| 2024 | +22.6% | -81.8% |
| 2025 | -8.0% | +69.1% |
| 2026 | +5.1% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANF and TCRT good diversifiers for each other?
Yes. With a correlation of -0.19, BANF and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BANF and TCRT?
As of 2026-08-27, the correlation of weekly returns between BANF and TCRT is -0.19 over 3 years, -0.08 over 1 year and -0.11 over 5 years.
Is TCRT a good diversifier for BANF?
Yes. With a correlation of -0.19, BANF and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/banf-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banf-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANF correlations · TCRT correlations
