ALMS vs AR: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Antero Resources Corporation (AR) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and AR?
Over the past 3 years, ALMS and AR moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1682.4 %².
By 3-year correlation, AR places #87 of the 92 assets tracked against ALMS. Correlation aside, the last 12 months split them widely, with ALMS ahead by 348.6 points (+371.7% versus +23.1%). One caveat on sizing: ALMS is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 AR: side by side
| ALMS (Alumis Inc.) | AR (Antero Resources Corporation) | |
|---|---|---|
| 1-year return | +371.7% | +23.1% |
| 5-year return | n/a | +181.4% |
| Volatility (ann.) | 130.0% | 40.6% |
| Beta vs S&P 500 | -1.50 | 0.32 |
| Max drawdown (3Y) | -78.9% | -33.2% |
| Market cap | $3.0B | $11.8B |
| P/E (trailing) | – | 11.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | AR |
|---|---|---|
| 2022 | – | +77.1% |
| 2023 | – | -26.8% |
| 2024 | – | +54.5% |
| 2025 | +24.2% | -1.7% |
| 2026 | +137.8% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and AR good diversifiers for each other?
Yes. With a correlation of -0.33, ALMS and AR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and AR?
As of 2026-08-27, the correlation of weekly returns between ALMS and AR is -0.33 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is AR a good diversifier for ALMS?
Yes. With a correlation of -0.33, ALMS and AR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-ar.json
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[](https://www.pairbook.io/pair/alms-vs-ar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMS correlations · AR correlations
