TCBI vs TCRT: Correlation
Measured on weekly returns over the past three years, Texas Capital Bancshares, Inc. (TCBI) 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 TCBI and TCRT?
Across a 3-year window, the weekly returns of TCBI and TCRT correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -697.4 %².
Among the 10 assets we track against TCBI, TCRT sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months TCBI outperformed by 25.0 percentage points (+12.8% for TCBI against -12.2% for TCRT). Risk is not evenly split, since TCRT carries 4.3 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.
TCBI vs TCRT: side by side
| TCBI (Texas Capital Bancshares, Inc.) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +12.8% | -12.2% |
| 5-year return | +47.7% | -99.3% |
| Volatility (ann.) | 28.1% | 121.9% |
| Beta vs S&P 500 | 0.81 | -1.11 |
| Max drawdown (3Y) | -31.7% | -95.0% |
| Market cap | $4.3B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 0.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCBI | TCRT |
|---|---|---|
| 2022 | +0.1% | -40.4% |
| 2023 | +7.2% | -89.2% |
| 2024 | +21.0% | -81.8% |
| 2025 | +15.8% | +69.1% |
| 2026 | +8.6% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCBI and TCRT good diversifiers for each other?
Yes. With a correlation of -0.20, TCBI and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TCBI and TCRT?
The TCBI/TCRT correlation stands at -0.20 on a 3-year window (1 year: -0.26, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is TCRT a good diversifier for TCBI?
Yes. With a correlation of -0.20, TCBI and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/tcbi-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcbi-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TCBI correlations · TCRT correlations
