CHCO vs TCRT: Correlation
How closely do City Holding Company (CHCO) 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 CHCO and TCRT?
On 3 years of weekly data the CHCO/TCRT correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -615.8 %².
Out of 16 assets tracked against CHCO, TCRT lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with CHCO ahead by 25.5 points (+13.3% versus -12.2%). One caveat on sizing: TCRT is 5.9 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.
CHCO vs TCRT: side by side
| CHCO (City Holding Company) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +13.3% | -12.2% |
| 5-year return | +113.1% | -99.3% |
| Volatility (ann.) | 20.7% | 121.9% |
| Beta vs S&P 500 | 0.45 | -1.11 |
| Max drawdown (3Y) | -18.4% | -95.0% |
| Market cap | $2.0B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 2.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHCO | TCRT |
|---|---|---|
| 2022 | +17.3% | -40.4% |
| 2023 | +22.0% | -89.2% |
| 2024 | +10.4% | -81.8% |
| 2025 | +3.4% | +69.1% |
| 2026 | +22.6% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHCO 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 CHCO and TCRT?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.29 over the last year and -0.13 over 5 years.
Is TCRT a good diversifier for CHCO?
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?
On the −1 to +1 scale, -0.24 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/chco-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chco-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHCO correlations · TCRT correlations
