CFG vs TCRT: Correlation
Measured on weekly returns over the past three years, Citizens Financial Group (CFG) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and TCRT?
On 3 years of weekly data the CFG/TCRT correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is -0.07, and annualized covariance runs at -750.6 %².
TCRT is close to the least connected end of CFG's tracked universe, ranking #43 of 46. Their recent paths diverged sharply: over the last 12 months CFG outperformed by 51.5 percentage points (+39.3% for CFG against -12.2% for TCRT). Note the risk asymmetry: TCRT runs 3.9 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.
CFG vs TCRT: side by side
| CFG (Citizens Financial Group) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +39.3% | -12.2% |
| 5-year return | +98.3% | -99.3% |
| Volatility (ann.) | 31.0% | 121.9% |
| Beta vs S&P 500 | 1.16 | -1.11 |
| Max drawdown (3Y) | -29.1% | -95.0% |
| Market cap | $29.6B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 2.55% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | TCRT |
|---|---|---|
| 2022 | -13.4% | -40.4% |
| 2023 | -11.0% | -89.2% |
| 2024 | +38.0% | -81.8% |
| 2025 | +38.6% | +69.1% |
| 2026 | +22.7% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CFG and TCRT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.27 over the last year and -0.07 over 5 years.
Is TCRT a good diversifier for CFG?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/cfg-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cfg-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFG correlations · TCRT correlations
