GFL vs TCRT: Correlation
GFL Environmental Inc. Subordinate voting shares, no par (GFL) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFL and TCRT?
On 3 years of weekly data the GFL/TCRT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.22). The 5-year figure is -0.11, and annualized covariance runs at -737.4 %².
Out of 11 assets tracked against GFL, TCRT lands near the bottom at #10. On 12-month performance TCRT holds a 5.1-point edge, -17.3% against -12.2%. Risk is not evenly split, since TCRT carries 4.4 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.
GFL vs TCRT: side by side
| GFL (GFL Environmental Inc. Subordinate voting shares, no par) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -17.3% | -12.2% |
| 5-year return | +17.2% | -99.3% |
| Volatility (ann.) | 27.9% | 121.9% |
| Beta vs S&P 500 | 0.47 | -1.11 |
| Max drawdown (3Y) | -34.9% | -95.0% |
| Market cap | $14.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GFL | TCRT |
|---|---|---|
| 2022 | -22.6% | -40.4% |
| 2023 | +18.2% | -89.2% |
| 2024 | +29.3% | -81.8% |
| 2025 | -3.5% | +69.1% |
| 2026 | -4.4% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFL and TCRT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GFL and TCRT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.03 over the last year and -0.11 over 5 years.
Is TCRT a good diversifier for GFL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/gfl-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gfl-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GFL correlations · TCRT correlations
