QCRH vs TCRT: Correlation
How closely do QCR Holdings, Inc. (QCRH) and Alaunos Therapeutics, Inc. (TCRT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCRH and TCRT?
Over the past 3 years, QCRH and TCRT moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -678.7 %².
TCRT is close to the least connected end of QCRH's tracked universe, ranking #9 of 11. The last year tells two different stories: QCRH led by 39.2 percentage points, +27.0% for QCRH against -12.2% for TCRT. Risk is not evenly split, since TCRT carries 4.2 times the volatility of the other side.
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.
QCRH vs TCRT: side by side
| QCRH (QCR Holdings, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +27.0% | -12.2% |
| 5-year return | +100.9% | -99.3% |
| Volatility (ann.) | 29.0% | 121.9% |
| Beta vs S&P 500 | 0.80 | -1.11 |
| Max drawdown (3Y) | -32.1% | -95.0% |
| Market cap | $1.7B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 0.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QCRH | TCRT |
|---|---|---|
| 2022 | -11.0% | -40.4% |
| 2023 | +18.2% | -89.2% |
| 2024 | +38.6% | -81.8% |
| 2025 | +3.6% | +69.1% |
| 2026 | +21.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QCRH and TCRT good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QCRH and TCRT?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.23 over the last year and -0.14 over 5 years.
Is TCRT a good diversifier for QCRH?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/qcrh-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qcrh-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QCRH correlations · TCRT correlations
