MAA vs TCRT: Correlation
Measured on weekly returns over the past three years, Mid-America Apartment Communities (MAA) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAA and TCRT?
On 3 years of weekly data the MAA/TCRT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.22 over 3. The 5-year figure is -0.12, and annualized covariance runs at -548.4 %².
Within MAA's tracked universe of 31 assets, TCRT comes in at #26 by 3-year correlation. On 12-month performance MAA holds a 5.6-point edge, -6.6% against -12.2%. Risk is not evenly split, since TCRT carries 6.0 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.
MAA vs TCRT: side by side
| MAA (Mid-America Apartment Communities) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | -12.2% |
| 5-year return | -19.3% | -99.3% |
| Volatility (ann.) | 20.3% | 121.9% |
| Beta vs S&P 500 | 0.49 | -1.11 |
| Max drawdown (3Y) | -26.4% | -95.0% |
| Market cap | $15.3B | – |
| P/E (trailing) | 37.7 | – |
| Dividend yield | 4.63% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | MAA | TCRT |
|---|---|---|
| 2022 | -29.7% | -40.4% |
| 2023 | -11.1% | -89.2% |
| 2024 | +19.9% | -81.8% |
| 2025 | -6.4% | +69.1% |
| 2026 | -4.0% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAA and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between MAA and TCRT?
The MAA/TCRT correlation stands at -0.22 on a 3-year window (1 year: -0.14, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for MAA?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/maa-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/maa-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAA correlations · TCRT correlations
