FFBC vs TCRT: Correlation
First Financial Bancorp. (FFBC) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFBC and TCRT?
Across a 3-year window, the weekly returns of FFBC and TCRT correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -718.2 %².
TCRT is close to the least connected end of FFBC's tracked universe, ranking #29 of 31. The last year tells two different stories: FFBC led by 38.9 percentage points, +26.7% for FFBC against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 4.4 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.
FFBC vs TCRT: side by side
| FFBC (First Financial Bancorp.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | -12.2% |
| 5-year return | +69.6% | -99.3% |
| Volatility (ann.) | 28.0% | 121.9% |
| Beta vs S&P 500 | 0.81 | -1.11 |
| Max drawdown (3Y) | -26.1% | -95.0% |
| Market cap | $3.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 3.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFBC | TCRT |
|---|---|---|
| 2022 | +3.4% | -40.4% |
| 2023 | +2.4% | -89.2% |
| 2024 | +17.6% | -81.8% |
| 2025 | -3.3% | +69.1% |
| 2026 | +33.1% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFBC and TCRT good diversifiers for each other?
Yes. With a correlation of -0.21, FFBC and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FFBC and TCRT?
The FFBC/TCRT correlation stands at -0.21 on a 3-year window (1 year: -0.18, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for FFBC?
Yes. With a correlation of -0.21, FFBC and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/ffbc-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffbc-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFBC correlations · TCRT correlations
