SWK vs TCRT: Correlation
Stanley Black & Decker (SWK) 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 SWK and TCRT?
Over the past 3 years, SWK and TCRT moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -682.0 %².
By 3-year correlation, TCRT places #47 of the 55 assets tracked against SWK. Correlation aside, the last 12 months split them widely, with SWK ahead by 49.2 points (+37.0% versus -12.2%). Risk is not evenly split, since TCRT carries 3.4 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.
SWK vs TCRT: side by side
| SWK (Stanley Black & Decker) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +37.0% | -12.2% |
| 5-year return | -39.1% | -99.3% |
| Volatility (ann.) | 35.4% | 121.9% |
| Beta vs S&P 500 | 1.19 | -1.11 |
| Max drawdown (3Y) | -48.3% | -95.0% |
| Market cap | $15.0B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 3.33% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | SWK | TCRT |
|---|---|---|
| 2022 | -58.9% | -40.4% |
| 2023 | +35.6% | -89.2% |
| 2024 | -15.2% | -81.8% |
| 2025 | -3.2% | +69.1% |
| 2026 | +36.5% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWK and TCRT good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SWK and TCRT?
As of 2026-08-27, the correlation of weekly returns between SWK and TCRT is -0.16 over 3 years, -0.24 over 1 year and -0.03 over 5 years.
Is TCRT a good diversifier for SWK?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/swk-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swk-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SWK correlations · TCRT correlations
