DOV vs TCRT: Correlation
Dover Corporation (DOV) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and TCRT?
Over the past 3 years, DOV and TCRT moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -482.7 %².
Among the 78 assets we track against DOV, TCRT ranks #71 by 3-year correlation. The last year tells two different stories: DOV led by 23.8 percentage points, +11.6% for DOV against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 5.3 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.
DOV vs TCRT: side by side
| DOV (Dover Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +11.6% | -12.2% |
| 5-year return | +21.8% | -99.3% |
| Volatility (ann.) | 22.8% | 121.9% |
| Beta vs S&P 500 | 0.99 | -1.11 |
| Max drawdown (3Y) | -26.6% | -95.0% |
| Market cap | $27.2B | – |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | TCRT |
|---|---|---|
| 2022 | -24.3% | -40.4% |
| 2023 | +15.2% | -89.2% |
| 2024 | +23.3% | -81.8% |
| 2025 | +5.2% | +69.1% |
| 2026 | +3.9% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between DOV and TCRT?
As of 2026-08-27, the correlation of weekly returns between DOV and TCRT is -0.17 over 3 years, -0.12 over 1 year and -0.05 over 5 years.
Is TCRT a good diversifier for DOV?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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/dov-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dov-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOV correlations · TCRT correlations
