MPWR vs TCRT: Correlation
Measured on weekly returns over the past three years, Monolithic Power Systems (MPWR) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPWR and TCRT?
Across a 3-year window, the weekly returns of MPWR and TCRT correlate at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of -984.9 %².
By 3-year correlation, TCRT places #33 of the 41 assets tracked against MPWR. Correlation aside, the last 12 months split them widely, with MPWR ahead by 64.6 points (+52.4% versus -12.2%). Risk is not evenly split, since TCRT carries 2.5 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.
MPWR vs TCRT: side by side
| MPWR (Monolithic Power Systems) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +52.4% | -12.2% |
| 5-year return | +170.3% | -99.3% |
| Volatility (ann.) | 48.1% | 121.9% |
| Beta vs S&P 500 | 2.22 | -1.11 |
| Max drawdown (3Y) | -51.6% | -95.0% |
| Market cap | $64.4B | – |
| P/E (trailing) | 79.4 | – |
| Dividend yield | 0.55% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MPWR | TCRT |
|---|---|---|
| 2022 | -27.8% | -40.4% |
| 2023 | +79.8% | -89.2% |
| 2024 | -5.6% | -81.8% |
| 2025 | +54.5% | +69.1% |
| 2026 | +45.2% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPWR and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MPWR and TCRT?
As of 2026-08-27, the correlation of weekly returns between MPWR and TCRT is -0.17 over 3 years, -0.15 over 1 year and -0.04 over 5 years.
Is TCRT a good diversifier for MPWR?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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/mpwr-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mpwr-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MPWR correlations · TCRT correlations
