PH vs TCRT: Correlation
How closely do Parker Hannifin (PH) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PH and TCRT?
Over the past 3 years, PH and TCRT moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -559.7 %².
Within PH's tracked universe of 57 assets, TCRT comes in at #49 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PH outperformed by 45.0 percentage points (+32.8% for PH against -12.2% for TCRT). Note the risk asymmetry: TCRT runs 4.6 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.
PH vs TCRT: side by side
| PH (Parker Hannifin) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +32.8% | -12.2% |
| 5-year return | +256.4% | -99.3% |
| Volatility (ann.) | 26.6% | 121.9% |
| Beta vs S&P 500 | 1.16 | -1.11 |
| Max drawdown (3Y) | -26.8% | -95.0% |
| Market cap | $127.5B | – |
| P/E (trailing) | 36.5 | – |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PH | TCRT |
|---|---|---|
| 2022 | -6.9% | -40.4% |
| 2023 | +60.8% | -89.2% |
| 2024 | +39.6% | -81.8% |
| 2025 | +39.5% | +69.1% |
| 2026 | +15.5% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PH and TCRT good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PH and TCRT?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.27 over the last year and -0.04 over 5 years.
Is TCRT a good diversifier for PH?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ph-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ph-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PH correlations · TCRT correlations
