ALMS vs BEPC: Correlation
How closely do Alumis Inc. (ALMS) and Brookfield Renewable Corporation Brookfield Renewable (BEPC) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and BEPC?
On 3 years of weekly data the ALMS/BEPC correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -999.2 %².
Among the 92 assets we track against ALMS, BEPC ranks #56 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 371.3 percentage points (+371.7% for ALMS against +0.4% for BEPC). One caveat on sizing: ALMS is 3.8 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 BEPC: side by side
| ALMS (Alumis Inc.) | BEPC (Brookfield Renewable Corporation Brookfield Renewable) | |
|---|---|---|
| 1-year return | +371.7% | +0.4% |
| 5-year return | n/a | -8.5% |
| Volatility (ann.) | 130.0% | 34.5% |
| Beta vs S&P 500 | -1.50 | 0.80 |
| Max drawdown (3Y) | -78.9% | -28.6% |
| Market cap | $3.0B | $6.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | BEPC |
|---|---|---|
| 2022 | – | -22.5% |
| 2023 | – | +9.5% |
| 2024 | – | +1.0% |
| 2025 | +24.2% | +45.2% |
| 2026 | +137.8% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and BEPC good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and BEPC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is BEPC a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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
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Related comparisons
Hubs: ALMS correlations · BEPC correlations
