CATY vs TCRT: Correlation
How closely do Cathay General Bancorp (CATY) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and TCRT?
On 3 years of weekly data the CATY/TCRT correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.21 over 3. The 5-year figure is -0.10, and annualized covariance runs at -684.3 %².
Among the 28 assets we track against CATY, TCRT sits near the bottom by co-movement, at rank #26. Their recent paths diverged sharply: over the last 12 months CATY outperformed by 38.9 percentage points (+26.7% for CATY against -12.2% for TCRT). Risk is not evenly split, since TCRT carries 4.5 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.
CATY vs TCRT: side by side
| CATY (Cathay General Bancorp) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | -12.2% |
| 5-year return | +83.2% | -99.3% |
| Volatility (ann.) | 26.8% | 121.9% |
| Beta vs S&P 500 | 0.82 | -1.11 |
| Max drawdown (3Y) | -29.7% | -95.0% |
| Market cap | $4.1B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 2.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATY | TCRT |
|---|---|---|
| 2022 | -2.1% | -40.4% |
| 2023 | +13.5% | -89.2% |
| 2024 | +10.3% | -81.8% |
| 2025 | +4.6% | +69.1% |
| 2026 | +30.2% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CATY and TCRT?
As of 2026-08-27, the correlation of weekly returns between CATY and TCRT is -0.21 over 3 years, -0.23 over 1 year and -0.10 over 5 years.
Is TCRT a good diversifier for CATY?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/caty-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/caty-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CATY correlations · TCRT correlations
