ALGS vs BJ: Correlation
Aligos Therapeutics, Inc. (ALGS) and BJ's Wholesale Club Holdings, Inc. (BJ) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGS and BJ?
On 3 years of weekly data the ALGS/BJ correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.22 over 3. The 5-year figure is -0.02, and annualized covariance runs at -662.1 %².
Among the 11 assets we track against ALGS, BJ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months BJ outperformed by 30.7 percentage points (-37.6% for ALGS against -6.9% for BJ). Note the risk asymmetry: ALGS runs 4.3 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.
ALGS vs BJ: side by side
| ALGS (Aligos Therapeutics, Inc.) | BJ (BJ's Wholesale Club Holdings, Inc.) | |
|---|---|---|
| 1-year return | -37.6% | -6.9% |
| 5-year return | -98.3% | +59.5% |
| Volatility (ann.) | 114.1% | 26.4% |
| Beta vs S&P 500 | 1.68 | -0.14 |
| Max drawdown (3Y) | -91.3% | -30.1% |
| Market cap | – | $11.4B |
| P/E (trailing) | – | 20.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALGS | BJ |
|---|---|---|
| 2022 | -92.0% | -1.2% |
| 2023 | -30.3% | +0.8% |
| 2024 | +140.0% | +34.0% |
| 2025 | -76.6% | +0.8% |
| 2026 | -24.1% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGS and BJ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALGS and BJ?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.19 over the last year and -0.02 over 5 years.
Is BJ a good diversifier for ALGS?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: ALGS correlations · BJ correlations
