NBTB vs TCRT: Correlation
Measured on weekly returns over the past three years, NBT Bancorp Inc. (NBTB) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBTB and TCRT?
On 3 years of weekly data the NBTB/TCRT correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.26 over 3. The 5-year figure is -0.18, and annualized covariance runs at -864.0 %².
Among the 17 assets we track against NBTB, TCRT sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months NBTB outperformed by 30.3 percentage points (+18.1% for NBTB against -12.2% for TCRT). Risk is not evenly split, since TCRT carries 4.5 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.
NBTB vs TCRT: side by side
| NBTB (NBT Bancorp Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +18.1% | -12.2% |
| 5-year return | +68.0% | -99.3% |
| Volatility (ann.) | 27.2% | 121.9% |
| Beta vs S&P 500 | 0.75 | -1.11 |
| Max drawdown (3Y) | -25.7% | -95.0% |
| Market cap | $2.7B | – |
| P/E (trailing) | 12.5 | – |
| Dividend yield | 2.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBTB | TCRT |
|---|---|---|
| 2022 | +16.0% | -40.4% |
| 2023 | -0.1% | -89.2% |
| 2024 | +17.7% | -81.8% |
| 2025 | -10.2% | +69.1% |
| 2026 | +26.0% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBTB and TCRT good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NBTB and TCRT?
The NBTB/TCRT correlation stands at -0.26 on a 3-year window (1 year: -0.24, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for NBTB?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/nbtb-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nbtb-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NBTB correlations · TCRT correlations
