SBSI vs TCRT: Correlation
Measured on weekly returns over the past three years, Southside Bancshares, Inc. (SBSI) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBSI and TCRT?
Across a 3-year window, the weekly returns of SBSI and TCRT correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -591.9 %².
Among the 20 assets we track against SBSI, TCRT sits near the bottom by co-movement, at rank #18. Correlation aside, the last 12 months split them widely, with SBSI ahead by 18.6 points (+6.4% versus -12.2%). Risk is not evenly split, since TCRT carries 5.0 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.
SBSI vs TCRT: side by side
| SBSI (Southside Bancshares, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +6.4% | -12.2% |
| 5-year return | +7.0% | -99.3% |
| Volatility (ann.) | 24.6% | 121.9% |
| Beta vs S&P 500 | 0.59 | -1.11 |
| Max drawdown (3Y) | -27.3% | -95.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 4.49% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBSI | TCRT |
|---|---|---|
| 2022 | -10.8% | -40.4% |
| 2023 | -8.9% | -89.2% |
| 2024 | +6.3% | -81.8% |
| 2025 | +0.5% | +69.1% |
| 2026 | +8.5% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBSI and TCRT good diversifiers for each other?
Yes. With a correlation of -0.20, SBSI and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SBSI and TCRT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.13 over the last year and -0.15 over 5 years.
Is TCRT a good diversifier for SBSI?
Yes. With a correlation of -0.20, SBSI and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/sbsi-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbsi-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SBSI correlations · TCRT correlations
