FBNC vs TCRT: Correlation
First Bancorp (FBNC) 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 FBNC and TCRT?
Across a 3-year window, the weekly returns of FBNC and TCRT correlate at -0.22, 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 -0.14, with an annualized covariance of -812.9 %².
Among the 23 assets we track against FBNC, TCRT sits near the bottom by co-movement, at rank #21. Correlation aside, the last 12 months split them widely, with FBNC ahead by 29.1 points (+16.9% versus -12.2%). Note the risk asymmetry: TCRT runs 4.1 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.
FBNC vs TCRT: side by side
| FBNC (First Bancorp) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | -12.2% |
| 5-year return | +72.4% | -99.3% |
| Volatility (ann.) | 30.0% | 121.9% |
| Beta vs S&P 500 | 0.89 | -1.11 |
| Max drawdown (3Y) | -26.0% | -95.0% |
| Market cap | $2.6B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBNC | TCRT |
|---|---|---|
| 2022 | -4.2% | -40.4% |
| 2023 | -11.2% | -89.2% |
| 2024 | +21.7% | -81.8% |
| 2025 | +17.8% | +69.1% |
| 2026 | +26.2% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBNC and TCRT good diversifiers for each other?
Yes. With a correlation of -0.22, FBNC and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FBNC and TCRT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.19 over the last year and -0.14 over 5 years.
Is TCRT a good diversifier for FBNC?
Yes. With a correlation of -0.22, FBNC and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/fbnc-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbnc-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBNC correlations · TCRT correlations
