REG vs TCRT: Correlation
Regency Centers (REG) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REG and TCRT?
On 3 years of weekly data the REG/TCRT correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -459.5 %².
TCRT is close to the least connected end of REG's tracked universe, ranking #37 of 41. The last year tells two different stories: REG led by 20.6 percentage points, +8.4% for REG against -12.2% for TCRT. Note the risk asymmetry: TCRT runs 6.8 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.
REG vs TCRT: side by side
| REG (Regency Centers) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | -12.2% |
| 5-year return | +35.2% | -99.3% |
| Volatility (ann.) | 17.8% | 121.9% |
| Beta vs S&P 500 | 0.34 | -1.11 |
| Max drawdown (3Y) | -15.1% | -95.0% |
| Market cap | $14.1B | – |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 3.89% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | REG | TCRT |
|---|---|---|
| 2022 | -13.6% | -40.4% |
| 2023 | +11.9% | -89.2% |
| 2024 | +14.9% | -81.8% |
| 2025 | -2.8% | +69.1% |
| 2026 | +11.4% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REG and TCRT good diversifiers for each other?
Yes. With a correlation of -0.21, REG and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between REG and TCRT?
The REG/TCRT correlation stands at -0.21 on a 3-year window (1 year: -0.17, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for REG?
Yes. With a correlation of -0.21, REG and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/reg-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/reg-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REG correlations · TCRT correlations
