ALMS vs ENB: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Enbridge Inc (ENB) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and ENB?
Across a 3-year window, the weekly returns of ALMS and ENB correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.23 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -513.1 %².
By 3-year correlation, ENB places #51 of the 92 assets tracked against ALMS. The last year tells two different stories: ALMS led by 362.6 percentage points, +371.7% for ALMS against +9.1% for ENB. Risk is not evenly split, since ALMS carries 7.4 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 ENB: side by side
| ALMS (Alumis Inc.) | ENB (Enbridge Inc) | |
|---|---|---|
| 1-year return | +371.7% | +9.1% |
| 5-year return | n/a | +71.0% |
| Volatility (ann.) | 130.0% | 17.6% |
| Beta vs S&P 500 | -1.50 | 0.05 |
| Max drawdown (3Y) | -78.9% | -13.1% |
| Market cap | $3.0B | $109.1B |
| P/E (trailing) | – | 26.7 |
| Dividend yield | 0.00% | 7.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | ENB |
|---|---|---|
| 2022 | – | +6.5% |
| 2023 | – | -1.1% |
| 2024 | – | +26.4% |
| 2025 | +24.2% | +17.8% |
| 2026 | +137.8% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and ENB 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 ENB?
As of 2026-08-27, the correlation of weekly returns between ALMS and ENB is -0.23 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is ENB 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?
A reading of -0.23 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-enb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-enb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMS correlations · ENB correlations
