PYPD vs TCRT: Correlation
PolyPid Ltd. (PYPD) and Alaunos Therapeutics, Inc. (TCRT) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PYPD and TCRT?
Over the past 3 years, PYPD and TCRT moved with a correlation of 0.27, which is weak. The past 12 months show a weaker link (-0.13) than the 3-year average (0.27). Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 2710.6 %².
Within PYPD's tracked universe of 14 assets, TCRT comes in at #9 by 3-year correlation. The last year tells two different stories: PYPD led by 61.9 percentage points, +49.7% for PYPD against -12.2% for TCRT.
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.
PYPD vs TCRT: side by side
| PYPD (PolyPid Ltd.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +49.7% | -12.2% |
| 5-year return | -98.1% | -99.3% |
| Volatility (ann.) | 81.4% | 121.9% |
| Beta vs S&P 500 | 0.49 | -1.11 |
| Max drawdown (3Y) | -74.1% | -95.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PYPD | TCRT |
|---|---|---|
| 2022 | -87.8% | -40.4% |
| 2023 | -81.9% | -89.2% |
| 2024 | -20.0% | -81.8% |
| 2025 | +42.8% | +69.1% |
| 2026 | +18.0% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PYPD and TCRT good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PYPD and TCRT?
As of 2026-08-27, the correlation of weekly returns between PYPD and TCRT is 0.27 over 3 years, -0.13 over 1 year and 0.16 over 5 years.
Is TCRT a good diversifier for PYPD?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 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/pypd-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pypd-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PYPD correlations · TCRT correlations
