TCRT vs VLTO: Correlation
Alaunos Therapeutics, Inc. (TCRT) and Veralto (VLTO) 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 VLTO?
Over the past 3 years, TCRT and VLTO moved with a correlation of -0.23, which is 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. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -612.3 %².
Within TCRT's tracked universe of 131 assets, VLTO comes in at #103 by 3-year correlation. Their 12-month results are close: -12.2% for TCRT against -7.9% for VLTO. One caveat on sizing: TCRT is 5.8 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 VLTO: side by side
| TCRT (Alaunos Therapeutics, Inc.) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | -12.2% | -7.9% |
| 5-year return | -99.3% | n/a |
| Volatility (ann.) | 121.9% | 21.2% |
| Beta vs S&P 500 | -1.11 | 0.66 |
| Max drawdown (3Y) | -95.0% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | TCRT | VLTO |
|---|---|---|
| 2022 | -40.4% | – |
| 2023 | -89.2% | – |
| 2024 | -81.8% | +24.3% |
| 2025 | +69.1% | -1.6% |
| 2026 | -48.6% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and VLTO 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 VLTO?
The TCRT/VLTO correlation stands at -0.23 on a 3-year window (1 year: -0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VLTO 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?
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-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcrt-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TCRT correlations · VLTO correlations
