RYN vs TCRT: Correlation
Measured on weekly returns over the past three years, Rayonier Inc. REIT (RYN) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYN and TCRT?
Across a 3-year window, the weekly returns of RYN and TCRT correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.12, with an annualized covariance of -689.6 %².
Out of 12 assets tracked against RYN, TCRT lands near the bottom at #10. Their 12-month results are close: -13.1% for RYN against -12.2% for TCRT. One caveat on sizing: TCRT is 4.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RYN vs TCRT: side by side
| RYN (Rayonier Inc. REIT) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -13.1% | -12.2% |
| 5-year return | -23.3% | -99.3% |
| Volatility (ann.) | 25.6% | 121.9% |
| Beta vs S&P 500 | 0.57 | -1.11 |
| Max drawdown (3Y) | -31.5% | -95.0% |
| Market cap | $6.2B | – |
| P/E (trailing) | 44.8 | – |
| Dividend yield | 5.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RYN | TCRT |
|---|---|---|
| 2022 | -15.8% | -40.4% |
| 2023 | +5.8% | -89.2% |
| 2024 | -14.0% | -81.8% |
| 2025 | -8.0% | +69.1% |
| 2026 | -2.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYN and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between RYN and TCRT?
The RYN/TCRT correlation stands at -0.22 on a 3-year window (1 year: -0.15, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for RYN?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ryn-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ryn-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RYN correlations · TCRT correlations
