OKE vs TCRT: Correlation
How closely do Oneok (OKE) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKE and TCRT?
On 3 years of weekly data the OKE/TCRT correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -798.9 %².
Among the 38 assets we track against OKE, TCRT sits near the bottom by co-movement, at rank #34. Correlation aside, the last 12 months split them widely, with OKE ahead by 45.2 points (+33.0% 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.
OKE vs TCRT: side by side
| OKE (Oneok) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +33.0% | -12.2% |
| 5-year return | +134.0% | -99.3% |
| Volatility (ann.) | 28.7% | 121.9% |
| Beta vs S&P 500 | 0.42 | -1.11 |
| Max drawdown (3Y) | -42.2% | -95.0% |
| Market cap | $59.7B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 4.47% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | OKE | TCRT |
|---|---|---|
| 2022 | +18.9% | -40.4% |
| 2023 | +13.2% | -89.2% |
| 2024 | +50.1% | -81.8% |
| 2025 | -22.9% | +69.1% |
| 2026 | +33.8% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKE and TCRT good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OKE and TCRT?
As of 2026-08-27, the correlation of weekly returns between OKE and TCRT is -0.23 over 3 years, -0.29 over 1 year and -0.09 over 5 years.
Is TCRT a good diversifier for OKE?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oke-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oke-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OKE correlations · TCRT correlations
