MMM vs TCRT: Correlation
3M (MMM) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMM and TCRT?
On 3 years of weekly data the MMM/TCRT correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.13 lands near the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -823.0 %².
Out of 34 assets tracked against MMM, TCRT lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months MMM outperformed by 28.6 percentage points (+16.4% for MMM against -12.2% for TCRT). One caveat on sizing: TCRT is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MMM vs TCRT: side by side
| MMM (3M) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +16.4% | -12.2% |
| 5-year return | +29.9% | -99.3% |
| Volatility (ann.) | 29.8% | 121.9% |
| Beta vs S&P 500 | 0.89 | -1.11 |
| Max drawdown (3Y) | -20.7% | -95.0% |
| Market cap | $92.2B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 1.68% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | MMM | TCRT |
|---|---|---|
| 2022 | -29.6% | -40.4% |
| 2023 | -3.3% | -89.2% |
| 2024 | +46.1% | -81.8% |
| 2025 | +26.4% | +69.1% |
| 2026 | +13.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMM and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between MMM and TCRT?
As of 2026-08-27, the correlation of weekly returns between MMM and TCRT is -0.23 over 3 years, -0.13 over 1 year and -0.13 over 5 years.
Is TCRT a good diversifier for MMM?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/mmm-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mmm-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MMM correlations · TCRT correlations
