ALMS vs BP: Correlation
How closely do Alumis Inc. (ALMS) and BP p.l.c. (BP) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and BP?
Across a 3-year window, the weekly returns of ALMS and BP correlate at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.29 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1087.5 %².
Among the 92 assets we track against ALMS, BP ranks #80 by 3-year correlation. The last year tells two different stories: ALMS led by 344.1 percentage points, +371.7% for ALMS against +27.6% for BP. Note the risk asymmetry: ALMS runs 4.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 BP: side by side
| ALMS (Alumis Inc.) | BP (BP p.l.c.) | |
|---|---|---|
| 1-year return | +371.7% | +27.6% |
| 5-year return | n/a | +119.9% |
| Volatility (ann.) | 130.0% | 26.6% |
| Beta vs S&P 500 | -1.50 | 0.06 |
| Max drawdown (3Y) | -78.9% | -30.6% |
| Market cap | $3.0B | $109.0B |
| P/E (trailing) | – | 20.3 |
| Dividend yield | 0.00% | 0.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | BP |
|---|---|---|
| 2022 | – | +37.0% |
| 2023 | – | +6.0% |
| 2024 | – | -11.8% |
| 2025 | +24.2% | +24.5% |
| 2026 | +137.8% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and BP good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and BP?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.21 over the last year and n/a over 5 years.
Is BP a good diversifier for ALMS?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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.
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Related comparisons
Hubs: ALMS correlations · BP correlations
