LOCL vs TCRT: Correlation
How closely do Local Bounti Corporation (LOCL) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and TCRT?
Across a 3-year window, the weekly returns of LOCL and TCRT correlate at 0.26, weak. The past 12 months show a weaker link (-0.04) than the 3-year average (0.26). Stretching to 5 years gives 0.22, with an annualized covariance of 4489.1 %².
Within LOCL's tracked universe of 34 assets, TCRT comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TCRT outperformed by 46.6 percentage points (-58.8% for LOCL against -12.2% for TCRT).
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.
LOCL vs TCRT: side by side
| LOCL (Local Bounti Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -58.8% | -12.2% |
| 5-year return | -99.2% | -99.3% |
| Volatility (ann.) | 142.7% | 121.9% |
| Beta vs S&P 500 | -0.49 | -1.11 |
| Max drawdown (3Y) | -79.4% | -95.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOCL | TCRT |
|---|---|---|
| 2022 | -78.4% | -40.4% |
| 2023 | -88.5% | -89.2% |
| 2024 | +0.0% | -81.8% |
| 2025 | +3.4% | +69.1% |
| 2026 | -53.8% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and TCRT good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LOCL and TCRT?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with -0.04 over the last year and 0.22 over 5 years.
Is TCRT a good diversifier for LOCL?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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/locl-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/locl-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOCL correlations · TCRT correlations
