BMY vs TCRT: Correlation
Bristol Myers Squibb (BMY) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMY and TCRT?
Over the past 3 years, BMY and TCRT moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.17 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -579.2 %².
By 3-year correlation, TCRT places #26 of the 31 assets tracked against BMY. The last year tells two different stories: BMY led by 59.5 percentage points, +47.3% for BMY against -12.2% for TCRT. Note the risk asymmetry: TCRT runs 4.4 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.
BMY vs TCRT: side by side
| BMY (Bristol Myers Squibb) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +47.3% | -12.2% |
| 5-year return | +22.3% | -99.3% |
| Volatility (ann.) | 27.8% | 121.9% |
| Beta vs S&P 500 | 0.20 | -1.11 |
| Max drawdown (3Y) | -34.1% | -95.0% |
| Market cap | $136.8B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 3.71% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BMY | TCRT |
|---|---|---|
| 2022 | +19.0% | -40.4% |
| 2023 | -26.1% | -89.2% |
| 2024 | +15.8% | -81.8% |
| 2025 | +0.1% | +69.1% |
| 2026 | +28.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMY and TCRT good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BMY and TCRT?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.16 over the last year and -0.13 over 5 years.
Is TCRT a good diversifier for BMY?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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/bmy-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmy-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BMY correlations · TCRT correlations
