ALMS vs CRMD: Correlation
Alumis Inc. (ALMS) and CorMedix Inc. (CRMD) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and CRMD?
Over the past 3 years, ALMS and CRMD moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.55 versus -0.38 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3883.2 %².
CRMD is close to the least connected end of ALMS's tracked universe, ranking #91 of 92. The last year tells two different stories: ALMS led by 412.9 percentage points, +371.7% for ALMS against -41.2% for CRMD. Note the risk asymmetry: ALMS runs 1.7 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 CRMD: side by side
| ALMS (Alumis Inc.) | CRMD (CorMedix Inc.) | |
|---|---|---|
| 1-year return | +371.7% | -41.2% |
| 5-year return | n/a | +33.4% |
| Volatility (ann.) | 130.0% | 74.6% |
| Beta vs S&P 500 | -1.50 | 1.50 |
| Max drawdown (3Y) | -78.9% | -62.3% |
| Market cap | $3.0B | $0.6B |
| P/E (trailing) | – | 3.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | CRMD |
|---|---|---|
| 2022 | – | -7.3% |
| 2023 | – | -10.9% |
| 2024 | – | +115.4% |
| 2025 | +24.2% | +43.6% |
| 2026 | +137.8% | -28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and CRMD good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and CRMD?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.55 over the last year and n/a over 5 years.
Is CRMD a good diversifier for ALMS?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
A reading of -0.38 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-crmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alms-vs-crmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · CRMD correlations
