ALMS vs CEG: Correlation
Alumis Inc. (ALMS) and Constellation Energy (CEG) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and CEG?
Across a 3-year window, the weekly returns of ALMS and CEG correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.29). Stretching to 5 years gives n/a, with an annualized covariance of -2086.6 %².
Among the 92 assets we track against ALMS, CEG ranks #81 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 381.8 percentage points (+371.7% for ALMS against -10.1% for CEG). Risk is not evenly split, since ALMS carries 2.5 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 CEG: side by side
| ALMS (Alumis Inc.) | CEG (Constellation Energy) | |
|---|---|---|
| 1-year return | +371.7% | -10.1% |
| 5-year return | n/a | +598.5% |
| Volatility (ann.) | 130.0% | 52.1% |
| Beta vs S&P 500 | -1.50 | 1.42 |
| Max drawdown (3Y) | -78.9% | -50.7% |
| Market cap | $3.0B | $100.1B |
| P/E (trailing) | – | 27.3 |
| Dividend yield | 0.00% | 0.58% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ALMS | CEG |
|---|---|---|
| 2023 | – | +37.2% |
| 2024 | – | +92.7% |
| 2025 | +24.2% | +58.8% |
| 2026 | +137.8% | -19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and CEG good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and CEG?
As of 2026-08-27, the correlation of weekly returns between ALMS and CEG is -0.29 over 3 years, -0.17 over 1 year and n/a over 5 years.
Is CEG a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-ceg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-ceg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMS correlations · CEG correlations
