TCRT vs WNEB: Correlation
How closely do Alaunos Therapeutics, Inc. (TCRT) and Western New England Bancorp, Inc. (WNEB) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCRT and WNEB?
On 3 years of weekly data the TCRT/WNEB correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.24 over 3. The 5-year figure is -0.19, and annualized covariance runs at -941.4 %².
By 3-year correlation, WNEB places #116 of the 131 assets tracked against TCRT. Correlation aside, the last 12 months split them widely, with WNEB ahead by 24.1 points (-12.2% versus +11.9%). Risk is not evenly split, since TCRT carries 3.8 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 WNEB: side by side
| TCRT (Alaunos Therapeutics, Inc.) | WNEB (Western New England Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -12.2% | +11.9% |
| 5-year return | -99.3% | +85.9% |
| Volatility (ann.) | 121.9% | 32.1% |
| Beta vs S&P 500 | -1.11 | 0.66 |
| Max drawdown (3Y) | -95.0% | -33.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 16.5 |
| Dividend yield | 0.00% | 2.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCRT | WNEB |
|---|---|---|
| 2022 | -40.4% | +11.0% |
| 2023 | -89.2% | -1.1% |
| 2024 | -81.8% | +6.0% |
| 2025 | +69.1% | +40.9% |
| 2026 | -48.6% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and WNEB good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between TCRT and WNEB?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.19 over the last year and -0.19 over 5 years.
Is WNEB a good diversifier for TCRT?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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
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Related comparisons
Hubs: TCRT correlations · WNEB correlations
