ALLO vs PROF: Correlation
Allogene Therapeutics, Inc. (ALLO) and Profound Medical Corp. (PROF) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLO and PROF?
On 3 years of weekly data the ALLO/PROF correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 1913.3 %².
Among the 21 assets we track against ALLO, PROF ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALLO outperformed by 26.2 percentage points (+80.2% for ALLO against +54.0% for PROF).
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.
ALLO vs PROF: side by side
| ALLO (Allogene Therapeutics, Inc.) | PROF (Profound Medical Corp.) | |
|---|---|---|
| 1-year return | +80.2% | +54.0% |
| 5-year return | -91.3% | -53.1% |
| Volatility (ann.) | 83.3% | 59.6% |
| Beta vs S&P 500 | 1.96 | 0.92 |
| Max drawdown (3Y) | -83.1% | -65.4% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | PROF |
|---|---|---|
| 2022 | -57.8% | -3.0% |
| 2023 | -49.0% | -22.0% |
| 2024 | -33.6% | -11.5% |
| 2025 | -35.7% | +4.8% |
| 2026 | +52.6% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and PROF good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALLO and PROF?
As of 2026-08-27, the correlation of weekly returns between ALLO and PROF is 0.39 over 3 years, 0.44 over 1 year and 0.24 over 5 years.
Is PROF a good diversifier for ALLO?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
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Related comparisons
Hubs: ALLO correlations · PROF correlations
