CFR vs TCRT: Correlation
Measured on weekly returns over the past three years, Cullen/Frost Bankers, Inc. (CFR) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFR and TCRT?
Over the past 3 years, CFR and TCRT moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -847.3 %².
Among the 12 assets we track against CFR, TCRT sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with CFR ahead by 38.3 points (+26.1% versus -12.2%). One caveat on sizing: TCRT is 4.8 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.
CFR vs TCRT: side by side
| CFR (Cullen/Frost Bankers, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.1% | -12.2% |
| 5-year return | +64.2% | -99.3% |
| Volatility (ann.) | 25.6% | 121.9% |
| Beta vs S&P 500 | 0.76 | -1.11 |
| Max drawdown (3Y) | -26.5% | -95.0% |
| Market cap | $10.0B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 2.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFR | TCRT |
|---|---|---|
| 2022 | +8.7% | -40.4% |
| 2023 | -16.1% | -89.2% |
| 2024 | +27.9% | -81.8% |
| 2025 | -2.8% | +69.1% |
| 2026 | +29.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFR and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between CFR and TCRT?
As of 2026-08-27, the correlation of weekly returns between CFR and TCRT is -0.27 over 3 years, -0.26 over 1 year and -0.09 over 5 years.
Is TCRT a good diversifier for CFR?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/cfr-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cfr-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFR correlations · TCRT correlations
