TCRT vs TFSL: Correlation
Alaunos Therapeutics, Inc. (TCRT) and TFS Financial Corporation (TFSL) 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 TCRT and TFSL?
Across a 3-year window, the weekly returns of TCRT and TFSL correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.23 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -643.6 %².
Within TCRT's tracked universe of 131 assets, TFSL comes in at #101 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TFSL ahead by 48.4 points (-12.2% versus +36.2%). One caveat on sizing: TCRT is 5.3 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 TFSL: side by side
| TCRT (Alaunos Therapeutics, Inc.) | TFSL (TFS Financial Corporation) | |
|---|---|---|
| 1-year return | -12.2% | +36.2% |
| 5-year return | -99.3% | +35.4% |
| Volatility (ann.) | 121.9% | 23.1% |
| Beta vs S&P 500 | -1.11 | 0.49 |
| Max drawdown (3Y) | -95.0% | -21.3% |
| Market cap | – | $5.0B |
| P/E (trailing) | – | 49.7 |
| Dividend yield | 0.00% | 6.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCRT | TFSL |
|---|---|---|
| 2022 | -40.4% | -13.0% |
| 2023 | -89.2% | +11.2% |
| 2024 | -81.8% | -6.7% |
| 2025 | +69.1% | +16.0% |
| 2026 | -48.6% | +39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and TFSL 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 TCRT and TFSL?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.39 over the last year and -0.14 over 5 years.
Is TFSL a good diversifier for TCRT?
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?
A reading of -0.23 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/tcrt-vs-tfsl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tcrt-vs-tfsl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TCRT correlations · TFSL correlations
