ALM vs KBSX: Correlation
Measured on weekly returns over the past three years, Almonty Industries Inc. (ALM) and FST Corp. (KBSX) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALM and KBSX?
Over the past 3 years, ALM and KBSX moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 3008.8 %².
Within ALM's tracked universe of 13 assets, KBSX comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALM outperformed by 388.2 percentage points (+348.7% for ALM against -39.5% for KBSX).
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.
ALM vs KBSX: side by side
| ALM (Almonty Industries Inc.) | KBSX (FST Corp.) | |
|---|---|---|
| 1-year return | +348.7% | -39.5% |
| 5-year return | +1028.4% | -89.8% |
| Volatility (ann.) | 89.8% | 88.4% |
| Beta vs S&P 500 | 1.32 | 0.95 |
| Max drawdown (3Y) | -57.9% | -94.0% |
| Market cap | $5.4B | – |
| P/E (trailing) | 82.1 | 8.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALM | KBSX |
|---|---|---|
| 2022 | -27.7% | – |
| 2023 | -19.7% | +7.3% |
| 2024 | +53.2% | -12.7% |
| 2025 | +526.5% | -85.5% |
| 2026 | +114.4% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALM and KBSX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALM and KBSX?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.28 over the last year and 0.35 over 5 years.
Is KBSX a good diversifier for ALM?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/alm-vs-kbsx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alm-vs-kbsx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALM correlations · KBSX correlations
