TCRT vs TOWN: Correlation
Alaunos Therapeutics, Inc. (TCRT) and Towne Bank (TOWN) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCRT and TOWN?
On 3 years of weekly data the TCRT/TOWN correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -747.0 %².
By 3-year correlation, TOWN places #115 of the 131 assets tracked against TCRT. Correlation aside, the last 12 months split them widely, with TOWN ahead by 18.9 points (-12.2% versus +6.7%). Risk is not evenly split, since TCRT carries 4.9 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.
TCRT vs TOWN: side by side
| TCRT (Alaunos Therapeutics, Inc.) | TOWN (Towne Bank) | |
|---|---|---|
| 1-year return | -12.2% | +6.7% |
| 5-year return | -99.3% | +47.6% |
| Volatility (ann.) | 121.9% | 25.0% |
| Beta vs S&P 500 | -1.11 | 0.77 |
| Max drawdown (3Y) | -95.0% | -18.4% |
| Market cap | – | $3.5B |
| P/E (trailing) | – | 18.0 |
| Dividend yield | 0.00% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCRT | TOWN |
|---|---|---|
| 2022 | -40.4% | +0.7% |
| 2023 | -89.2% | +0.3% |
| 2024 | -81.8% | +18.3% |
| 2025 | +69.1% | +1.0% |
| 2026 | -48.6% | +16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and TOWN good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TCRT and TOWN?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.20 over the last year and -0.18 over 5 years.
Is TOWN a good diversifier for TCRT?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Related comparisons
Hubs: TCRT correlations · TOWN correlations
