TCRT vs TDY: Correlation
Measured on weekly returns over the past three years, Alaunos Therapeutics, Inc. (TCRT) and Teledyne Technologies (TDY) 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 TCRT and TDY?
Over the past 3 years, TCRT and TDY moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -601.3 %².
By 3-year correlation, TDY places #93 of the 131 assets tracked against TCRT. Correlation aside, the last 12 months split them widely, with TDY ahead by 27.9 points (-12.2% versus +15.7%). One caveat on sizing: TCRT is 5.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TCRT vs TDY: side by side
| TCRT (Alaunos Therapeutics, Inc.) | TDY (Teledyne Technologies) | |
|---|---|---|
| 1-year return | -12.2% | +15.7% |
| 5-year return | -99.3% | +36.5% |
| Volatility (ann.) | 121.9% | 22.0% |
| Beta vs S&P 500 | -1.11 | 0.76 |
| Max drawdown (3Y) | -95.0% | -18.8% |
| Market cap | – | $29.0B |
| P/E (trailing) | – | 30.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | TCRT | TDY |
|---|---|---|
| 2022 | -40.4% | -8.5% |
| 2023 | -89.2% | +11.6% |
| 2024 | -81.8% | +4.0% |
| 2025 | +69.1% | +10.0% |
| 2026 | -48.6% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and TDY good diversifiers for each other?
Yes. With a correlation of -0.22, TCRT and TDY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TCRT and TDY?
As of 2026-08-27, the correlation of weekly returns between TCRT and TDY is -0.22 over 3 years, 0.03 over 1 year and -0.12 over 5 years.
Is TDY a good diversifier for TCRT?
Yes. With a correlation of -0.22, TCRT and TDY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/tcrt-vs-tdy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tcrt-vs-tdy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TCRT correlations · TDY correlations
