TCRT vs WAFD: Correlation
How closely do Alaunos Therapeutics, Inc. (TCRT) and WaFd, Inc. (WAFD) 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 WAFD?
On 3 years of weekly data the TCRT/WAFD correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -820.0 %².
Among the 131 assets we track against TCRT, WAFD ranks #105 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WAFD ahead by 29.1 points (-12.2% versus +16.9%). Note the risk asymmetry: TCRT runs 4.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WAFD: side by side
| TCRT (Alaunos Therapeutics, Inc.) | WAFD (WaFd, Inc.) | |
|---|---|---|
| 1-year return | -12.2% | +16.9% |
| 5-year return | -99.3% | +28.1% |
| Volatility (ann.) | 121.9% | 28.8% |
| Beta vs S&P 500 | -1.11 | 0.70 |
| Max drawdown (3Y) | -95.0% | -34.6% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 11.4 |
| Dividend yield | 0.00% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCRT | WAFD |
|---|---|---|
| 2022 | -40.4% | +3.4% |
| 2023 | -89.2% | +1.7% |
| 2024 | -81.8% | +1.1% |
| 2025 | +69.1% | +3.0% |
| 2026 | -48.6% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and WAFD 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 WAFD?
As of 2026-08-27, the correlation of weekly returns between TCRT and WAFD is -0.23 over 3 years, -0.16 over 1 year and -0.12 over 5 years.
Is WAFD 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tcrt-vs-wafd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcrt-vs-wafd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TCRT correlations · WAFD correlations
