CPF vs TCRT: Correlation
Central Pacific Financial Corp New (CPF) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and TCRT?
On 3 years of weekly data the CPF/TCRT correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -660.6 %².
Among the 19 assets we track against CPF, TCRT sits near the bottom by co-movement, at rank #17. The last year tells two different stories: CPF led by 36.6 percentage points, +24.4% for CPF against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 4.6 times the volatility of the other side.
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.
CPF vs TCRT: side by side
| CPF (Central Pacific Financial Corp New) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | -12.2% |
| 5-year return | +85.5% | -99.3% |
| Volatility (ann.) | 26.5% | 121.9% |
| Beta vs S&P 500 | 0.84 | -1.11 |
| Max drawdown (3Y) | -25.2% | -95.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 2.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPF | TCRT |
|---|---|---|
| 2022 | -24.7% | -40.4% |
| 2023 | +2.9% | -89.2% |
| 2024 | +54.3% | -81.8% |
| 2025 | +11.3% | +69.1% |
| 2026 | +23.5% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF 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 CPF and TCRT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.22 over the last year and -0.15 over 5 years.
Is TCRT a good diversifier for CPF?
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/cpf-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpf-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPF correlations · TCRT correlations
