FISI vs TCRT: Correlation
Financial Institutions, Inc. (FISI) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISI and TCRT?
Across a 3-year window, the weekly returns of FISI and TCRT correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -766.0 %².
Out of 14 assets tracked against FISI, TCRT lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with FISI ahead by 66.5 points (+54.3% versus -12.2%). One caveat on sizing: TCRT is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FISI vs TCRT: side by side
| FISI (Financial Institutions, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +54.3% | -12.2% |
| 5-year return | +65.6% | -99.3% |
| Volatility (ann.) | 31.9% | 121.9% |
| Beta vs S&P 500 | 0.93 | -1.11 |
| Max drawdown (3Y) | -27.8% | -95.0% |
| Market cap | $0.8B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 3.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FISI | TCRT |
|---|---|---|
| 2022 | -20.0% | -40.4% |
| 2023 | -6.8% | -89.2% |
| 2024 | +35.5% | -81.8% |
| 2025 | +19.5% | +69.1% |
| 2026 | +33.8% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISI and TCRT good diversifiers for each other?
Yes. With a correlation of -0.20, FISI and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FISI and TCRT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.17 over the last year and -0.15 over 5 years.
Is TCRT a good diversifier for FISI?
Yes. With a correlation of -0.20, FISI and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fisi-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fisi-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FISI correlations · TCRT correlations
