SRCE vs TCRT: Correlation
Measured on weekly returns over the past three years, 1st Source Corporation (SRCE) 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 SRCE and TCRT?
Over the past 3 years, SRCE and TCRT moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -698.9 %².
Among the 20 assets we track against SRCE, TCRT sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months SRCE outperformed by 49.2 percentage points (+37.0% for SRCE against -12.2% for TCRT). Risk is not evenly split, since TCRT carries 4.8 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.
SRCE vs TCRT: side by side
| SRCE (1st Source Corporation) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +37.0% | -12.2% |
| 5-year return | +110.2% | -99.3% |
| Volatility (ann.) | 25.5% | 121.9% |
| Beta vs S&P 500 | 0.61 | -1.11 |
| Max drawdown (3Y) | -21.2% | -95.0% |
| Market cap | $2.1B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRCE | TCRT |
|---|---|---|
| 2022 | +9.8% | -40.4% |
| 2023 | +6.5% | -89.2% |
| 2024 | +9.0% | -81.8% |
| 2025 | +9.8% | +69.1% |
| 2026 | +40.7% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRCE and TCRT good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SRCE and TCRT?
The SRCE/TCRT correlation stands at -0.22 on a 3-year window (1 year: -0.22, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for SRCE?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
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/srce-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/srce-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SRCE correlations · TCRT correlations
