KRNY vs TCRT: Correlation
Kearny Financial (KRNY) 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 KRNY and TCRT?
Across a 3-year window, the weekly returns of KRNY and TCRT correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.17). Stretching to 5 years gives -0.13, with an annualized covariance of -702.2 %².
Among the 11 assets we track against KRNY, TCRT sits near the bottom by co-movement, at rank #9. The last year tells two different stories: KRNY led by 72.4 percentage points, +60.2% for KRNY against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 3.6 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.
KRNY vs TCRT: side by side
| KRNY (Kearny Financial) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +60.2% | -12.2% |
| 5-year return | +2.4% | -99.3% |
| Volatility (ann.) | 33.5% | 121.9% |
| Beta vs S&P 500 | 0.79 | -1.11 |
| Max drawdown (3Y) | -41.5% | -95.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 4.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRNY | TCRT |
|---|---|---|
| 2022 | -20.4% | -40.4% |
| 2023 | -6.7% | -89.2% |
| 2024 | -15.5% | -81.8% |
| 2025 | +12.0% | +69.1% |
| 2026 | +40.4% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNY and TCRT good diversifiers for each other?
Yes. With a correlation of -0.17, KRNY and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KRNY and TCRT?
As of 2026-08-27, the correlation of weekly returns between KRNY and TCRT is -0.17 over 3 years, -0.05 over 1 year and -0.13 over 5 years.
Is TCRT a good diversifier for KRNY?
Yes. With a correlation of -0.17, KRNY and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/krny-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krny-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRNY correlations · TCRT correlations
