COLB vs TCRT: Correlation
Columbia Banking System, Inc. (COLB) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLB and TCRT?
Across a 3-year window, the weekly returns of COLB and TCRT correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.28). Stretching to 5 years gives -0.12, with an annualized covariance of -1218.7 %².
Among the 13 assets we track against COLB, TCRT sits near the bottom by co-movement, at rank #11. The last year tells two different stories: COLB led by 30.5 percentage points, +18.3% for COLB against -12.2% for TCRT. Note the risk asymmetry: TCRT runs 3.5 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.
COLB vs TCRT: side by side
| COLB (Columbia Banking System, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +18.3% | -12.2% |
| 5-year return | +9.4% | -99.3% |
| Volatility (ann.) | 35.2% | 121.9% |
| Beta vs S&P 500 | 1.01 | -1.11 |
| Max drawdown (3Y) | -36.4% | -95.0% |
| Market cap | $8.7B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 4.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLB | TCRT |
|---|---|---|
| 2022 | -4.3% | -40.4% |
| 2023 | -5.9% | -89.2% |
| 2024 | +8.1% | -81.8% |
| 2025 | +9.4% | +69.1% |
| 2026 | +12.6% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLB and TCRT good diversifiers for each other?
Yes. With a correlation of -0.28, COLB and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COLB and TCRT?
The COLB/TCRT correlation stands at -0.28 on a 3-year window (1 year: -0.15, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for COLB?
Yes. With a correlation of -0.28, COLB and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/colb-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/colb-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLB correlations · TCRT correlations
