ALMS vs EQT: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and EQT Corporation (EQT) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and EQT?
On 3 years of weekly data the ALMS/EQT correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1208.1 %².
Within ALMS's tracked universe of 92 assets, EQT comes in at #72 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 363.8 percentage points (+371.7% for ALMS against +7.9% for EQT). One caveat on sizing: ALMS is 3.8 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 EQT: side by side
| ALMS (Alumis Inc.) | EQT (EQT Corporation) | |
|---|---|---|
| 1-year return | +371.7% | +7.9% |
| 5-year return | n/a | +224.8% |
| Volatility (ann.) | 130.0% | 34.1% |
| Beta vs S&P 500 | -1.50 | 0.52 |
| Max drawdown (3Y) | -78.9% | -31.6% |
| Market cap | $3.0B | $34.3B |
| P/E (trailing) | – | 12.7 |
| Dividend yield | 0.00% | 1.19% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ALMS | EQT |
|---|---|---|
| 2022 | – | +57.6% |
| 2023 | – | +16.2% |
| 2024 | – | +21.4% |
| 2025 | +24.2% | +17.6% |
| 2026 | +137.8% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and EQT good diversifiers for each other?
Yes. With a correlation of -0.27, ALMS and EQT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and EQT?
The ALMS/EQT correlation stands at -0.27 on a 3-year window (1 year: -0.18, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EQT a good diversifier for ALMS?
Yes. With a correlation of -0.27, ALMS and EQT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-eqt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-eqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · EQT correlations
