ALM vs MDRR: Correlation
Measured on weekly returns over the past three years, Almonty Industries Inc. (ALM) and Medalist Diversified, Inc. (MDRR) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALM and MDRR?
On 3 years of weekly data the ALM/MDRR correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.20 over 3. The 5-year figure is -0.05, and annualized covariance runs at -507.7 %².
Out of 13 assets tracked against ALM, MDRR lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ALM outperformed by 343.9 percentage points (+348.7% for ALM against +4.8% for MDRR). Note the risk asymmetry: ALM runs 3.2 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.
ALM vs MDRR: side by side
| ALM (Almonty Industries Inc.) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | +348.7% | +4.8% |
| 5-year return | +1028.4% | -31.3% |
| Volatility (ann.) | 89.8% | 28.1% |
| Beta vs S&P 500 | 1.32 | -0.02 |
| Max drawdown (3Y) | -57.9% | -29.5% |
| Market cap | $5.4B | – |
| P/E (trailing) | 82.1 | 3.1 |
| Dividend yield | 0.00% | 2.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALM | MDRR |
|---|---|---|
| 2022 | -27.7% | -37.3% |
| 2023 | -19.7% | -4.0% |
| 2024 | +53.2% | +28.6% |
| 2025 | +526.5% | -5.5% |
| 2026 | +114.4% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALM and MDRR good diversifiers for each other?
Yes. With a correlation of -0.20, ALM and MDRR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALM and MDRR?
As of 2026-08-27, the correlation of weekly returns between ALM and MDRR is -0.20 over 3 years, -0.16 over 1 year and -0.05 over 5 years.
Is MDRR a good diversifier for ALM?
Yes. With a correlation of -0.20, ALM and MDRR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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-mdrr.json
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Related comparisons
Hubs: ALM correlations · MDRR correlations
