CLBK vs TCRT: Correlation
Columbia Financial, Inc. (CLBK) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLBK and TCRT?
Over the past 3 years, CLBK and TCRT moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -650.8 %².
Among the 11 assets we track against CLBK, TCRT sits near the bottom by co-movement, at rank #9. The last year tells two different stories: CLBK led by 82.9 percentage points, +70.7% for CLBK against -12.2% for TCRT. One caveat on sizing: TCRT is 4.0 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.
CLBK vs TCRT: side by side
| CLBK (Columbia Financial, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +70.7% | -12.2% |
| 5-year return | +45.5% | -99.3% |
| Volatility (ann.) | 30.1% | 121.9% |
| Beta vs S&P 500 | 0.64 | -1.11 |
| Max drawdown (3Y) | -33.9% | -95.0% |
| Market cap | $1.2B | – |
| P/E (trailing) | 21.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLBK | TCRT |
|---|---|---|
| 2022 | +3.6% | -40.4% |
| 2023 | -10.8% | -89.2% |
| 2024 | -18.0% | -81.8% |
| 2025 | -1.7% | +69.1% |
| 2026 | +67.0% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLBK and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLBK and TCRT?
As of 2026-08-27, the correlation of weekly returns between CLBK and TCRT is -0.18 over 3 years, -0.15 over 1 year and -0.11 over 5 years.
Is TCRT a good diversifier for CLBK?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/clbk-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clbk-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLBK correlations · TCRT correlations
