SWKS vs TCRT: Correlation
Measured on weekly returns over the past three years, Skyworks Solutions (SWKS) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWKS and TCRT?
Across a 3-year window, the weekly returns of SWKS and TCRT correlate at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -803.1 %².
By 3-year correlation, TCRT places #29 of the 36 assets tracked against SWKS. Their 12-month results are close: -8.7% for SWKS against -12.2% for TCRT. Note the risk asymmetry: TCRT runs 3.0 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.
SWKS vs TCRT: side by side
| SWKS (Skyworks Solutions) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -8.7% | -12.2% |
| 5-year return | -58.3% | -99.3% |
| Volatility (ann.) | 40.0% | 121.9% |
| Beta vs S&P 500 | 1.43 | -1.11 |
| Max drawdown (3Y) | -58.2% | -95.0% |
| Market cap | $10.1B | – |
| P/E (trailing) | 34.9 | – |
| Dividend yield | 4.26% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | SWKS | TCRT |
|---|---|---|
| 2022 | -39.9% | -40.4% |
| 2023 | +26.5% | -89.2% |
| 2024 | -18.9% | -81.8% |
| 2025 | -25.5% | +69.1% |
| 2026 | +8.4% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWKS and TCRT good diversifiers for each other?
Yes. With a correlation of -0.16, SWKS and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SWKS and TCRT?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.14 over the last year and -0.08 over 5 years.
Is TCRT a good diversifier for SWKS?
Yes. With a correlation of -0.16, SWKS and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/swks-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swks-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SWKS correlations · TCRT correlations
