ALMS vs CVI: Correlation
Alumis Inc. (ALMS) and CVR Energy Inc. (CVI) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and CVI?
Over the past 3 years, ALMS and CVI moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1751.8 %².
Among the 92 assets we track against ALMS, CVI ranks #50 by 3-year correlation. The last year tells two different stories: ALMS led by 336.4 percentage points, +371.7% for ALMS against +35.3% for CVI. One caveat on sizing: ALMS is 2.5 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 CVI: side by side
| ALMS (Alumis Inc.) | CVI (CVR Energy Inc.) | |
|---|---|---|
| 1-year return | +371.7% | +35.3% |
| 5-year return | n/a | +297.3% |
| Volatility (ann.) | 130.0% | 51.8% |
| Beta vs S&P 500 | -1.50 | 0.71 |
| Max drawdown (3Y) | -78.9% | -56.2% |
| Market cap | $3.0B | $4.0B |
| P/E (trailing) | – | 58.5 |
| Dividend yield | 0.00% | 1.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | CVI |
|---|---|---|
| 2022 | – | +115.4% |
| 2023 | – | +11.5% |
| 2024 | – | -34.9% |
| 2025 | +24.2% | +35.8% |
| 2026 | +137.8% | +57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and CVI good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and CVI?
The ALMS/CVI correlation stands at -0.23 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CVI a good diversifier for ALMS?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-cvi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-cvi/)
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Related comparisons
Hubs: ALMS correlations · CVI correlations
