GBCI vs TCRT: Correlation
Glacier Bancorp, Inc. (GBCI) 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 GBCI and TCRT?
On 3 years of weekly data the GBCI/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 -0.17 lands near the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -795.7 %².
Among the 15 assets we track against GBCI, TCRT sits near the bottom by co-movement, at rank #13. Over the last 12 months GBCI came out ahead by 12.3 percentage points (+0.1% against -12.2%). Note the risk asymmetry: TCRT runs 3.7 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.
GBCI vs TCRT: side by side
| GBCI (Glacier Bancorp, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +0.1% | -12.2% |
| 5-year return | +4.0% | -99.3% |
| Volatility (ann.) | 32.6% | 121.9% |
| Beta vs S&P 500 | 0.87 | -1.11 |
| Max drawdown (3Y) | -34.8% | -95.0% |
| Market cap | $6.2B | – |
| P/E (trailing) | 19.4 | – |
| Dividend yield | 2.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBCI | TCRT |
|---|---|---|
| 2022 | -10.4% | -40.4% |
| 2023 | -13.0% | -89.2% |
| 2024 | +25.4% | -81.8% |
| 2025 | -9.6% | +69.1% |
| 2026 | +8.8% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBCI and TCRT good diversifiers for each other?
Yes. With a correlation of -0.20, GBCI and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GBCI and TCRT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.17 over the last year and -0.09 over 5 years.
Is TCRT a good diversifier for GBCI?
Yes. With a correlation of -0.20, GBCI and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/gbci-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gbci-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBCI correlations · TCRT correlations
