RF vs TCRT: Correlation
Regions Financial Corporation (RF) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RF and TCRT?
Over the past 3 years, RF and TCRT moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -515.5 %².
Among the 44 assets we track against RF, TCRT ranks #35 by 3-year correlation. The last year tells two different stories: RF led by 27.6 percentage points, +15.4% for RF against -12.2% for TCRT. Note the risk asymmetry: TCRT runs 4.2 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.
RF vs TCRT: side by side
| RF (Regions Financial Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +15.4% | -12.2% |
| 5-year return | +83.5% | -99.3% |
| Volatility (ann.) | 29.2% | 121.9% |
| Beta vs S&P 500 | 1.09 | -1.11 |
| Max drawdown (3Y) | -31.9% | -95.0% |
| Market cap | $25.9B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 3.45% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | RF | TCRT |
|---|---|---|
| 2022 | +2.3% | -40.4% |
| 2023 | -5.7% | -89.2% |
| 2024 | +27.0% | -81.8% |
| 2025 | +20.2% | +69.1% |
| 2026 | +14.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RF and TCRT good diversifiers for each other?
Yes. With a correlation of -0.14, RF and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RF and TCRT?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.19 over the last year and -0.05 over 5 years.
Is TCRT a good diversifier for RF?
Yes. With a correlation of -0.14, RF and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
A reading of -0.14 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/rf-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rf-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RF correlations · TCRT correlations
