CPT vs TCRT: Correlation
How closely do Camden Property Trust (CPT) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and TCRT?
Across a 3-year window, the weekly returns of CPT and TCRT correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -531.5 %².
Among the 33 assets we track against CPT, TCRT ranks #28 by 3-year correlation. The trailing year gives CPT the advantage: -0.4% versus -12.2%, a 11.8-point spread. Note the risk asymmetry: TCRT runs 5.7 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.
CPT vs TCRT: side by side
| CPT (Camden Property Trust) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -0.4% | -12.2% |
| 5-year return | -15.4% | -99.3% |
| Volatility (ann.) | 21.3% | 121.9% |
| Beta vs S&P 500 | 0.55 | -1.11 |
| Max drawdown (3Y) | -21.7% | -95.0% |
| Market cap | $12.2B | – |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 3.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | TCRT |
|---|---|---|
| 2022 | -35.6% | -40.4% |
| 2023 | -7.6% | -89.2% |
| 2024 | +21.3% | -81.8% |
| 2025 | -1.5% | +69.1% |
| 2026 | -2.0% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CPT and TCRT?
The CPT/TCRT correlation stands at -0.21 on a 3-year window (1 year: -0.19, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for CPT?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/cpt-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpt-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPT correlations · TCRT correlations
