ALMS vs BAFN: Correlation
How closely do Alumis Inc. (ALMS) and BayFirst Financial Corp. (BAFN) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and BAFN?
Across a 3-year window, the weekly returns of ALMS and BAFN correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1609.8 %².
By 3-year correlation, BAFN places #64 of the 92 assets tracked against ALMS. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 399.8 percentage points (+371.7% for ALMS against -28.1% for BAFN). Risk is not evenly split, since ALMS carries 2.7 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 BAFN: side by side
| ALMS (Alumis Inc.) | BAFN (BayFirst Financial Corp.) | |
|---|---|---|
| 1-year return | +371.7% | -28.1% |
| 5-year return | n/a | -70.9% |
| Volatility (ann.) | 130.0% | 47.9% |
| Beta vs S&P 500 | -1.50 | 0.67 |
| Max drawdown (3Y) | -78.9% | -76.5% |
| Market cap | $3.0B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | BAFN |
|---|---|---|
| 2022 | – | -25.3% |
| 2023 | – | -20.2% |
| 2024 | – | +4.6% |
| 2025 | +24.2% | -40.4% |
| 2026 | +137.8% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and BAFN good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and BAFN?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.16 over the last year and n/a over 5 years.
Is BAFN a good diversifier for ALMS?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
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-bafn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-bafn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMS correlations · BAFN correlations
