BKR vs TCRT: Correlation
Measured on weekly returns over the past three years, Baker Hughes (BKR) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKR and TCRT?
Over the past 3 years, BKR and TCRT moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -849.4 %².
Out of 30 assets tracked against BKR, TCRT lands near the bottom at #27. The last year tells two different stories: BKR led by 53.1 percentage points, +40.9% for BKR against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 3.8 times the volatility of the other side.
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.
BKR vs TCRT: side by side
| BKR (Baker Hughes) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +40.9% | -12.2% |
| 5-year return | +205.5% | -99.3% |
| Volatility (ann.) | 32.2% | 121.9% |
| Beta vs S&P 500 | 0.61 | -1.11 |
| Max drawdown (3Y) | -28.0% | -95.0% |
| Market cap | $61.7B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.48% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | BKR | TCRT |
|---|---|---|
| 2022 | +26.0% | -40.4% |
| 2023 | +18.6% | -89.2% |
| 2024 | +23.1% | -81.8% |
| 2025 | +13.4% | +69.1% |
| 2026 | +37.9% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKR and TCRT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BKR and TCRT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.16 over the last year and -0.12 over 5 years.
Is TCRT a good diversifier for BKR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/bkr-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkr-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKR correlations · TCRT correlations
