ALMS vs CNK: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and CNK?
On 3 years of weekly data the ALMS/CNK correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.24 over 3. The 5-year figure is n/a, and annualized covariance runs at -1259.9 %².
By 3-year correlation, CNK places #57 of the 92 assets tracked against ALMS. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 328.9 percentage points (+371.7% for ALMS against +42.8% for CNK). Note the risk asymmetry: ALMS runs 3.2 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 CNK: side by side
| ALMS (Alumis Inc.) | CNK (Cinemark Holdings Inc Cinemark Holdings, Inc.) | |
|---|---|---|
| 1-year return | +371.7% | +42.8% |
| 5-year return | n/a | +119.9% |
| Volatility (ann.) | 130.0% | 40.6% |
| Beta vs S&P 500 | -1.50 | 0.29 |
| Max drawdown (3Y) | -78.9% | -38.4% |
| Market cap | $3.0B | $4.2B |
| P/E (trailing) | – | 20.8 |
| Dividend yield | 0.00% | 0.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | CNK |
|---|---|---|
| 2022 | – | -46.3% |
| 2023 | – | +62.7% |
| 2024 | – | +119.9% |
| 2025 | +24.2% | -24.1% |
| 2026 | +137.8% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and CNK good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and CNK?
The ALMS/CNK correlation stands at -0.24 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CNK a good diversifier for ALMS?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
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Related comparisons
Hubs: ALMS correlations · CNK correlations
