TCRT vs WELL: Correlation
Alaunos Therapeutics, Inc. (TCRT) and Welltower (WELL) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCRT and WELL?
On 3 years of weekly data the TCRT/WELL correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -660.3 %².
By 3-year correlation, WELL places #120 of the 131 assets tracked against TCRT. The last year tells two different stories: WELL led by 57.1 percentage points, -12.2% for TCRT against +44.9% for WELL. Note the risk asymmetry: TCRT runs 5.8 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 WELL: side by side
| TCRT (Alaunos Therapeutics, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | -12.2% | +44.9% |
| 5-year return | -99.3% | +214.9% |
| Volatility (ann.) | 121.9% | 21.2% |
| Beta vs S&P 500 | -1.11 | 0.30 |
| Max drawdown (3Y) | -95.0% | -13.0% |
| Market cap | – | $172.6B |
| P/E (trailing) | – | 108.9 |
| Dividend yield | 0.00% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | TCRT | WELL |
|---|---|---|
| 2022 | -40.4% | -21.2% |
| 2023 | -89.2% | +41.8% |
| 2024 | -81.8% | +43.1% |
| 2025 | +69.1% | +49.9% |
| 2026 | -48.6% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and WELL good diversifiers for each other?
Yes. With a correlation of -0.26, TCRT and WELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TCRT and WELL?
The TCRT/WELL correlation stands at -0.26 on a 3-year window (1 year: -0.34, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is WELL a good diversifier for TCRT?
Yes. With a correlation of -0.26, TCRT and WELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tcrt-vs-well/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TCRT correlations · WELL correlations
