TCBK vs TCRT: Correlation
TriCo Bancshares (TCBK) and Alaunos Therapeutics, Inc. (TCRT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCBK and TCRT?
On 3 years of weekly data the TCBK/TCRT correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.23 over 3 years. The 5-year figure is -0.11, and annualized covariance runs at -830.9 %².
Among the 14 assets we track against TCBK, TCRT sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months TCBK outperformed by 34.1 percentage points (+21.9% for TCBK against -12.2% for TCRT). Risk is not evenly split, since TCRT carries 4.2 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.
TCBK vs TCRT: side by side
| TCBK (TriCo Bancshares) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +21.9% | -12.2% |
| 5-year return | +59.3% | -99.3% |
| Volatility (ann.) | 29.1% | 121.9% |
| Beta vs S&P 500 | 0.76 | -1.11 |
| Max drawdown (3Y) | -27.9% | -95.0% |
| Market cap | $1.7B | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 2.66% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCBK | TCRT |
|---|---|---|
| 2022 | +21.5% | -40.4% |
| 2023 | -13.0% | -89.2% |
| 2024 | +5.1% | -81.8% |
| 2025 | +11.9% | +69.1% |
| 2026 | +15.4% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCBK and TCRT good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TCBK and TCRT?
As of 2026-08-27, the correlation of weekly returns between TCBK and TCRT is -0.23 over 3 years, -0.10 over 1 year and -0.11 over 5 years.
Is TCRT a good diversifier for TCBK?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/tcbk-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcbk-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TCBK correlations · TCRT correlations
