BANR vs TCRT: Correlation
Measured on weekly returns over the past three years, Banner Corporation (BANR) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANR and TCRT?
Across a 3-year window, the weekly returns of BANR and TCRT correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.23). Stretching to 5 years gives -0.11, with an annualized covariance of -816.4 %².
Out of 18 assets tracked against BANR, TCRT lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months BANR outperformed by 19.3 percentage points (+7.1% for BANR against -12.2% for TCRT). Note the risk asymmetry: TCRT runs 4.2 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.
BANR vs TCRT: side by side
| BANR (Banner Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +7.1% | -12.2% |
| 5-year return | +46.1% | -99.3% |
| Volatility (ann.) | 28.8% | 121.9% |
| Beta vs S&P 500 | 0.80 | -1.11 |
| Max drawdown (3Y) | -25.4% | -95.0% |
| Market cap | $2.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANR | TCRT |
|---|---|---|
| 2022 | +7.2% | -40.4% |
| 2023 | -11.9% | -89.2% |
| 2024 | +29.5% | -81.8% |
| 2025 | -3.2% | +69.1% |
| 2026 | +14.6% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANR and TCRT good diversifiers for each other?
Yes. With a correlation of -0.23, BANR and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BANR and TCRT?
As of 2026-08-27, the correlation of weekly returns between BANR and TCRT is -0.23 over 3 years, -0.12 over 1 year and -0.11 over 5 years.
Is TCRT a good diversifier for BANR?
Yes. With a correlation of -0.23, BANR and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/banr-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banr-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANR correlations · TCRT correlations
