PCB vs TCRT: Correlation
PCB Bancorp (PCB) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCB and TCRT?
On 3 years of weekly data the PCB/TCRT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -595.5 %².
Out of 20 assets tracked against PCB, TCRT lands near the bottom at #18. Their recent paths diverged sharply: over the last 12 months PCB outperformed by 41.3 percentage points (+29.1% for PCB against -12.2% for TCRT). One caveat on sizing: TCRT is 4.6 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.
PCB vs TCRT: side by side
| PCB (PCB Bancorp) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +29.1% | -12.2% |
| 5-year return | +74.8% | -99.3% |
| Volatility (ann.) | 26.3% | 121.9% |
| Beta vs S&P 500 | 0.69 | -1.11 |
| Max drawdown (3Y) | -22.8% | -95.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 3.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCB | TCRT |
|---|---|---|
| 2022 | -17.0% | -40.4% |
| 2023 | +8.9% | -89.2% |
| 2024 | +14.6% | -81.8% |
| 2025 | +11.2% | +69.1% |
| 2026 | +30.5% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCB and TCRT good diversifiers for each other?
Yes. With a correlation of -0.19, PCB and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PCB and TCRT?
The PCB/TCRT correlation stands at -0.19 on a 3-year window (1 year: -0.12, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for PCB?
Yes. With a correlation of -0.19, PCB and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/pcb-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pcb-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCB correlations · TCRT correlations
