ALMS vs ANET: Correlation
Alumis Inc. (ALMS) and Arista Networks (ANET) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and ANET?
Across a 3-year window, the weekly returns of ALMS and ANET correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1290.1 %².
Within ALMS's tracked universe of 92 assets, ANET comes in at #36 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 320.8 percentage points (+371.7% for ALMS against +50.9% for ANET). Note the risk asymmetry: ALMS runs 2.6 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.
ALMS vs ANET: side by side
| ALMS (Alumis Inc.) | ANET (Arista Networks) | |
|---|---|---|
| 1-year return | +371.7% | +50.9% |
| 5-year return | n/a | +764.7% |
| Volatility (ann.) | 130.0% | 49.3% |
| Beta vs S&P 500 | -1.50 | 2.20 |
| Max drawdown (3Y) | -78.9% | -50.4% |
| Market cap | $3.0B | $253.6B |
| P/E (trailing) | – | 64.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ALMS | ANET |
|---|---|---|
| 2022 | – | -15.6% |
| 2023 | – | +94.1% |
| 2024 | – | +87.7% |
| 2025 | +24.2% | +18.5% |
| 2026 | +137.8% | +53.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and ANET good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and ANET?
As of 2026-08-27, the correlation of weekly returns between ALMS and ANET is -0.19 over 3 years, -0.18 over 1 year and n/a over 5 years.
Is ANET a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/alms-vs-anet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-anet/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · ANET correlations
