SPFI vs TCRT: Correlation
South Plains Financial, Inc. (SPFI) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPFI and TCRT?
Over the past 3 years, SPFI and TCRT moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.16). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -533.8 %².
TCRT is close to the least connected end of SPFI's tracked universe, ranking #12 of 14. Correlation aside, the last 12 months split them widely, with SPFI ahead by 19.9 points (+7.7% versus -12.2%). Note the risk asymmetry: TCRT runs 4.4 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.
SPFI vs TCRT: side by side
| SPFI (South Plains Financial, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +7.7% | -12.2% |
| 5-year return | +108.3% | -99.3% |
| Volatility (ann.) | 27.6% | 121.9% |
| Beta vs S&P 500 | 0.61 | -1.11 |
| Max drawdown (3Y) | -23.8% | -95.0% |
| Market cap | $0.8B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 1.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPFI | TCRT |
|---|---|---|
| 2022 | +0.7% | -40.4% |
| 2023 | +7.4% | -89.2% |
| 2024 | +22.2% | -81.8% |
| 2025 | +13.6% | +69.1% |
| 2026 | +13.8% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPFI and TCRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between SPFI and TCRT?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.01 over the last year and -0.09 over 5 years.
Is TCRT a good diversifier for SPFI?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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/spfi-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spfi-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SPFI correlations · TCRT correlations
