OBK vs TCRT: Correlation
Measured on weekly returns over the past three years, Origin Bancorp, Inc. (OBK) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBK and TCRT?
Over the past 3 years, OBK and TCRT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -854.1 %².
TCRT is close to the least connected end of OBK's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with OBK ahead by 51.1 points (+38.9% versus -12.2%). Note the risk asymmetry: TCRT runs 4.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OBK vs TCRT: side by side
| OBK (Origin Bancorp, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +38.9% | -12.2% |
| 5-year return | +43.8% | -99.3% |
| Volatility (ann.) | 29.1% | 121.9% |
| Beta vs S&P 500 | 0.90 | -1.11 |
| Max drawdown (3Y) | -28.0% | -95.0% |
| Market cap | $1.6B | – |
| P/E (trailing) | 16.7 | – |
| Dividend yield | 1.31% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBK | TCRT |
|---|---|---|
| 2022 | -13.3% | -40.4% |
| 2023 | -1.2% | -89.2% |
| 2024 | -4.6% | -81.8% |
| 2025 | +14.8% | +69.1% |
| 2026 | +43.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBK and TCRT good diversifiers for each other?
Yes. With a correlation of -0.24, OBK and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OBK and TCRT?
The OBK/TCRT correlation stands at -0.24 on a 3-year window (1 year: -0.26, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for OBK?
Yes. With a correlation of -0.24, OBK and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/obk-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/obk-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OBK correlations · TCRT correlations
