TCRT vs TRGP: Correlation
How closely do Alaunos Therapeutics, Inc. (TCRT) and Targa Resources (TRGP) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCRT and TRGP?
Over the past 3 years, TCRT and TRGP moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -887.4 %².
By 3-year correlation, TRGP places #102 of the 131 assets tracked against TCRT. Correlation aside, the last 12 months split them widely, with TRGP ahead by 90.9 points (-12.2% versus +78.7%). Risk is not evenly split, since TCRT carries 3.9 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 TRGP: side by side
| TCRT (Alaunos Therapeutics, Inc.) | TRGP (Targa Resources) | |
|---|---|---|
| 1-year return | -12.2% | +78.7% |
| 5-year return | -99.3% | +626.8% |
| Volatility (ann.) | 121.9% | 31.5% |
| Beta vs S&P 500 | -1.11 | 0.44 |
| Max drawdown (3Y) | -95.0% | -31.6% |
| Market cap | – | $62.0B |
| P/E (trailing) | – | 28.1 |
| Dividend yield | 0.00% | 1.53% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | TCRT | TRGP |
|---|---|---|
| 2022 | -40.4% | +43.7% |
| 2023 | -89.2% | +21.0% |
| 2024 | -81.8% | +110.1% |
| 2025 | +69.1% | +5.7% |
| 2026 | -48.6% | +58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and TRGP good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between TCRT and TRGP?
As of 2026-08-27, the correlation of weekly returns between TCRT and TRGP is -0.23 over 3 years, -0.31 over 1 year and -0.12 over 5 years.
Is TRGP a good diversifier for TCRT?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: TCRT correlations · TRGP correlations
