ALMS vs BA: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Boeing (BA) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and BA?
Over the past 3 years, ALMS and BA moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.12) than the 3-year average (-0.19). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -922.7 %².
Within ALMS's tracked universe of 92 assets, BA comes in at #37 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 382.6 points (+371.7% versus -10.9%). One caveat on sizing: ALMS is 3.6 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 BA: side by side
| ALMS (Alumis Inc.) | BA (Boeing) | |
|---|---|---|
| 1-year return | +371.7% | -10.9% |
| 5-year return | n/a | -3.6% |
| Volatility (ann.) | 130.0% | 36.4% |
| Beta vs S&P 500 | -1.50 | 1.43 |
| Max drawdown (3Y) | -78.9% | -48.3% |
| Market cap | $3.0B | $165.9B |
| P/E (trailing) | – | 76.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ALMS | BA |
|---|---|---|
| 2022 | – | -5.4% |
| 2023 | – | +36.8% |
| 2024 | – | -32.1% |
| 2025 | +24.2% | +22.7% |
| 2026 | +137.8% | -3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and BA 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 BA?
As of 2026-08-27, the correlation of weekly returns between ALMS and BA is -0.19 over 3 years, 0.12 over 1 year and n/a over 5 years.
Is BA 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-ba.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-ba/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · BA correlations
