ALMS vs AWX: Correlation
Alumis Inc. (ALMS) and Avalon Holdings Corporation (AWX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and AWX?
Across a 3-year window, the weekly returns of ALMS and AWX correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1198.2 %².
By 3-year correlation, AWX places #63 of the 92 assets tracked against ALMS. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 362.8 percentage points (+371.7% for ALMS against +8.9% for AWX). Risk is not evenly split, since ALMS carries 3.7 times the volatility of the other side.
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 AWX: side by side
| ALMS (Alumis Inc.) | AWX (Avalon Holdings Corporation) | |
|---|---|---|
| 1-year return | +371.7% | +8.9% |
| 5-year return | n/a | -37.9% |
| Volatility (ann.) | 130.0% | 35.1% |
| Beta vs S&P 500 | -1.50 | 0.10 |
| Max drawdown (3Y) | -78.9% | -51.9% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | 9.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | AWX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -13.1% |
| 2024 | – | +61.9% |
| 2025 | +24.2% | -30.5% |
| 2026 | +137.8% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and AWX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and AWX?
As of 2026-08-27, the correlation of weekly returns between ALMS and AWX is -0.25 over 3 years, -0.16 over 1 year and n/a over 5 years.
Is AWX a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-awx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-awx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMS correlations · AWX correlations
