FBK vs TCRT: Correlation
FB Financial Corporation (FBK) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBK and TCRT?
Across a 3-year window, the weekly returns of FBK and TCRT correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.22). Stretching to 5 years gives -0.13, with an annualized covariance of -829.0 %².
TCRT is close to the least connected end of FBK's tracked universe, ranking #8 of 10. The last year tells two different stories: FBK led by 21.1 percentage points, +8.9% for FBK against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 4.0 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.
FBK vs TCRT: side by side
| FBK (FB Financial Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +8.9% | -12.2% |
| 5-year return | +53.1% | -99.3% |
| Volatility (ann.) | 30.3% | 121.9% |
| Beta vs S&P 500 | 0.94 | -1.11 |
| Max drawdown (3Y) | -30.6% | -95.0% |
| Market cap | $2.9B | – |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBK | TCRT |
|---|---|---|
| 2022 | -16.5% | -40.4% |
| 2023 | +12.3% | -89.2% |
| 2024 | +31.4% | -81.8% |
| 2025 | +10.0% | +69.1% |
| 2026 | +4.4% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBK 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 FBK and TCRT?
The FBK/TCRT correlation stands at -0.22 on a 3-year window (1 year: -0.08, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for FBK?
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/fbk-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbk-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBK correlations · TCRT correlations
