GABC vs TCRT: Correlation
German American Bancorp, Inc. (GABC) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GABC and TCRT?
On 3 years of weekly data the GABC/TCRT correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -734.4 %².
Out of 15 assets tracked against GABC, TCRT lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months GABC outperformed by 33.7 percentage points (+21.5% for GABC against -12.2% for TCRT). Note the risk asymmetry: TCRT runs 4.9 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.
GABC vs TCRT: side by side
| GABC (German American Bancorp, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +21.5% | -12.2% |
| 5-year return | +55.3% | -99.3% |
| Volatility (ann.) | 25.1% | 121.9% |
| Beta vs S&P 500 | 0.62 | -1.11 |
| Max drawdown (3Y) | -25.3% | -95.0% |
| Market cap | $1.9B | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GABC | TCRT |
|---|---|---|
| 2022 | -2.0% | -40.4% |
| 2023 | -10.2% | -89.2% |
| 2024 | +27.9% | -81.8% |
| 2025 | +0.3% | +69.1% |
| 2026 | +29.1% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GABC and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between GABC and TCRT?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.29 over the last year and -0.17 over 5 years.
Is TCRT a good diversifier for GABC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/gabc-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gabc-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GABC correlations · TCRT correlations
