BOH vs TCRT: Correlation
How closely do Bank of Hawaii Corporation (BOH) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOH and TCRT?
Over the past 3 years, BOH and TCRT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.24 over 3. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -860.6 %².
Out of 12 assets tracked against BOH, TCRT lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months BOH outperformed by 29.1 percentage points (+16.9% for BOH against -12.2% for TCRT). One caveat on sizing: TCRT is 4.2 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.
BOH vs TCRT: side by side
| BOH (Bank of Hawaii Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | -12.2% |
| 5-year return | +14.3% | -99.3% |
| Volatility (ann.) | 29.1% | 121.9% |
| Beta vs S&P 500 | 0.71 | -1.11 |
| Max drawdown (3Y) | -24.2% | -95.0% |
| Market cap | $3.0B | – |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 3.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOH | TCRT |
|---|---|---|
| 2022 | -4.1% | -40.4% |
| 2023 | -1.5% | -89.2% |
| 2024 | +3.6% | -81.8% |
| 2025 | +0.0% | +69.1% |
| 2026 | +15.0% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOH and TCRT good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BOH and TCRT?
As of 2026-08-27, the correlation of weekly returns between BOH and TCRT is -0.24 over 3 years, -0.15 over 1 year and -0.10 over 5 years.
Is TCRT a good diversifier for BOH?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/boh-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/boh-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOH correlations · TCRT correlations
