CRI vs TLSA: Correlation
Carter's, Inc. (CRI) and Tiziana Life Sciences Ltd (TLSA) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRI and TLSA?
Across a 3-year window, the weekly returns of CRI and TLSA correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.29). Stretching to 5 years gives -0.18, with an annualized covariance of -1088.8 %².
Among the 11 assets we track against CRI, TLSA sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with CRI ahead by 62.4 points (+20.8% versus -41.6%). One caveat on sizing: TLSA is 2.3 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.
CRI vs TLSA: side by side
| CRI (Carter's, Inc.) | TLSA (Tiziana Life Sciences Ltd) | |
|---|---|---|
| 1-year return | +20.8% | -41.6% |
| 5-year return | -61.2% | -31.6% |
| Volatility (ann.) | 40.6% | 92.1% |
| Beta vs S&P 500 | 0.79 | -0.48 |
| Max drawdown (3Y) | -71.3% | -64.4% |
| Market cap | $1.2B | $0.1B |
| P/E (trailing) | 6.4 | – |
| Dividend yield | 2.92% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRI | TLSA |
|---|---|---|
| 2022 | -23.4% | -37.5% |
| 2023 | +4.9% | -6.7% |
| 2024 | -24.0% | +25.0% |
| 2025 | -37.4% | +112.9% |
| 2026 | +4.3% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRI and TLSA good diversifiers for each other?
Yes. With a correlation of -0.29, CRI and TLSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRI and TLSA?
The CRI/TLSA correlation stands at -0.29 on a 3-year window (1 year: -0.17, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is TLSA a good diversifier for CRI?
Yes. With a correlation of -0.29, CRI and TLSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
A reading of -0.29 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/cri-vs-tlsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cri-vs-tlsa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRI correlations · TLSA correlations
