FOA vs TCRT: Correlation
Finance of America Companies Inc. (FOA) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOA and TCRT?
Across a 3-year window, the weekly returns of FOA and TCRT correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.17). Stretching to 5 years gives -0.13, with an annualized covariance of -1555.7 %².
Out of 10 assets tracked against FOA, TCRT lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months TCRT outperformed by 18.2 percentage points (-30.4% for FOA against -12.2% for TCRT). One caveat on sizing: TCRT is 1.6 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.
FOA vs TCRT: side by side
| FOA (Finance of America Companies Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -30.4% | -12.2% |
| 5-year return | -65.5% | -99.3% |
| Volatility (ann.) | 76.9% | 121.9% |
| Beta vs S&P 500 | 0.77 | -1.11 |
| Max drawdown (3Y) | -71.7% | -95.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOA | TCRT |
|---|---|---|
| 2022 | -68.0% | -40.4% |
| 2023 | -13.4% | -89.2% |
| 2024 | +155.6% | -81.8% |
| 2025 | -13.9% | +69.1% |
| 2026 | -24.2% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOA and TCRT good diversifiers for each other?
Yes. With a correlation of -0.17, FOA and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FOA and TCRT?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.00 over the last year and -0.13 over 5 years.
Is TCRT a good diversifier for FOA?
Yes. With a correlation of -0.17, FOA and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/foa-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/foa-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOA correlations · TCRT correlations
