CRGY vs TCRT: Correlation
Measured on weekly returns over the past three years, Crescent Energy Company (CRGY) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGY and TCRT?
Over the past 3 years, CRGY and TCRT moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1323.6 %².
Out of 15 assets tracked against CRGY, TCRT lands near the bottom at #13. The last year tells two different stories: CRGY led by 65.3 percentage points, +53.1% for CRGY against -12.2% for TCRT. One caveat on sizing: TCRT is 2.5 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.
CRGY vs TCRT: side by side
| CRGY (Crescent Energy Company) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +53.1% | -12.2% |
| 5-year return | -0.0% | -99.3% |
| Volatility (ann.) | 48.9% | 121.9% |
| Beta vs S&P 500 | 0.81 | -1.11 |
| Max drawdown (3Y) | -55.9% | -95.0% |
| Market cap | $5.4B | – |
| P/E (trailing) | 170.6 | – |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRGY | TCRT |
|---|---|---|
| 2022 | -1.5% | -40.4% |
| 2023 | +15.6% | -89.2% |
| 2024 | +15.2% | -81.8% |
| 2025 | -39.6% | +69.1% |
| 2026 | +67.5% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGY and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CRGY and TCRT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.19 over the last year and -0.13 over 5 years.
Is TCRT a good diversifier for CRGY?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crgy-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crgy-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRGY correlations · TCRT correlations
