ALMS vs DELL: Correlation
Alumis Inc. (ALMS) and Dell Technologies (DELL) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and DELL?
Across a 3-year window, the weekly returns of ALMS and DELL correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1697.6 %².
Within ALMS's tracked universe of 92 assets, DELL comes in at #45 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 110.7 percentage points (+371.7% for ALMS against +261.0% for DELL). One caveat on sizing: ALMS is 2.1 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 DELL: side by side
| ALMS (Alumis Inc.) | DELL (Dell Technologies) | |
|---|---|---|
| 1-year return | +371.7% | +261.0% |
| 5-year return | n/a | +945.0% |
| Volatility (ann.) | 130.0% | 61.3% |
| Beta vs S&P 500 | -1.50 | 2.02 |
| Max drawdown (3Y) | -78.9% | -59.6% |
| Market cap | $3.0B | $305.1B |
| P/E (trailing) | – | 36.9 |
| Dividend yield | 0.00% | 0.48% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ALMS | DELL |
|---|---|---|
| 2022 | – | -26.6% |
| 2023 | – | +95.9% |
| 2024 | – | +53.0% |
| 2025 | +24.2% | +11.2% |
| 2026 | +137.8% | +278.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and DELL good diversifiers for each other?
Yes. With a correlation of -0.21, ALMS and DELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and DELL?
The ALMS/DELL correlation stands at -0.21 on a 3-year window (1 year: -0.17, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DELL a good diversifier for ALMS?
Yes. With a correlation of -0.21, ALMS and DELL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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
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Related comparisons
Hubs: ALMS correlations · DELL correlations
