CBSH vs TCRT: Correlation
How closely do Commerce Bancshares, Inc. (CBSH) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBSH and TCRT?
Over the past 3 years, CBSH and TCRT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.23 over 3 years. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -647.2 %².
Out of 13 assets tracked against CBSH, TCRT lands near the bottom at #11. Over the last 12 months CBSH came out ahead by 11.2 percentage points (-1.0% against -12.2%). One caveat on sizing: TCRT is 5.3 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.
CBSH vs TCRT: side by side
| CBSH (Commerce Bancshares, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -1.0% | -12.2% |
| 5-year return | +10.0% | -99.3% |
| Volatility (ann.) | 22.8% | 121.9% |
| Beta vs S&P 500 | 0.64 | -1.11 |
| Max drawdown (3Y) | -27.6% | -95.0% |
| Market cap | $8.3B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 1.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBSH | TCRT |
|---|---|---|
| 2022 | +0.5% | -40.4% |
| 2023 | -15.9% | -89.2% |
| 2024 | +24.7% | -81.8% |
| 2025 | -10.2% | +69.1% |
| 2026 | +12.1% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBSH and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CBSH and TCRT?
The CBSH/TCRT correlation stands at -0.23 on a 3-year window (1 year: -0.12, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for CBSH?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
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/cbsh-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbsh-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBSH correlations · TCRT correlations
