FFIN vs TCRT: Correlation
Measured on weekly returns over the past three years, First Financial Bankshares, Inc. (FFIN) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIN and TCRT?
On 3 years of weekly data the FFIN/TCRT correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -759.8 %².
Among the 20 assets we track against FFIN, TCRT sits near the bottom by co-movement, at rank #18. Their 12-month results are close: -10.8% for FFIN 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.
FFIN vs TCRT: side by side
| FFIN (First Financial Bankshares, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -10.8% | -12.2% |
| 5-year return | -22.9% | -99.3% |
| Volatility (ann.) | 30.5% | 121.9% |
| Beta vs S&P 500 | 0.84 | -1.11 |
| Max drawdown (3Y) | -31.4% | -95.0% |
| Market cap | $4.7B | – |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFIN | TCRT |
|---|---|---|
| 2022 | -31.2% | -40.4% |
| 2023 | -9.8% | -89.2% |
| 2024 | +21.6% | -81.8% |
| 2025 | -15.3% | +69.1% |
| 2026 | +12.2% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIN and TCRT good diversifiers for each other?
Yes. With a correlation of -0.20, FFIN and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FFIN and TCRT?
As of 2026-08-27, the correlation of weekly returns between FFIN and TCRT is -0.20 over 3 years, -0.14 over 1 year and -0.11 over 5 years.
Is TCRT a good diversifier for FFIN?
Yes. With a correlation of -0.20, FFIN and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/ffin-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffin-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFIN correlations · TCRT correlations
