TCRT vs WABC: Correlation
Alaunos Therapeutics, Inc. (TCRT) and Westamerica Bancorporation (WABC) 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 WABC?
Across a 3-year window, the weekly returns of TCRT and WABC correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.23). Stretching to 5 years gives -0.17, with an annualized covariance of -684.1 %².
Within TCRT's tracked universe of 131 assets, WABC comes in at #104 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WABC ahead by 32.0 points (-12.2% versus +19.8%). Risk is not evenly split, since TCRT carries 5.0 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 WABC: side by side
| TCRT (Alaunos Therapeutics, Inc.) | WABC (Westamerica Bancorporation) | |
|---|---|---|
| 1-year return | -12.2% | +19.8% |
| 5-year return | -99.3% | +22.6% |
| Volatility (ann.) | 121.9% | 24.4% |
| Beta vs S&P 500 | -1.11 | 0.61 |
| Max drawdown (3Y) | -95.0% | -24.7% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 3.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCRT | WABC |
|---|---|---|
| 2022 | -40.4% | +5.2% |
| 2023 | -89.2% | -0.8% |
| 2024 | -81.8% | -3.6% |
| 2025 | +69.1% | -5.4% |
| 2026 | -48.6% | +24.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and WABC 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 WABC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.38 over the last year and -0.17 over 5 years.
Is WABC 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?
On the −1 to +1 scale, -0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tcrt-vs-wabc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcrt-vs-wabc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TCRT correlations · WABC correlations
