ALMS vs EXE: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Expand Energy (EXE) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and EXE?
Across a 3-year window, the weekly returns of ALMS and EXE correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.30 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1129.9 %².
Among the 92 assets we track against ALMS, EXE ranks #84 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 366.5 points (+371.7% versus +5.2%). One caveat on sizing: ALMS is 4.6 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 EXE: side by side
| ALMS (Alumis Inc.) | EXE (Expand Energy) | |
|---|---|---|
| 1-year return | +371.7% | +5.2% |
| 5-year return | n/a | +125.8% |
| Volatility (ann.) | 130.0% | 28.2% |
| Beta vs S&P 500 | -1.50 | 0.31 |
| Max drawdown (3Y) | -78.9% | -28.4% |
| Market cap | $3.0B | $22.7B |
| P/E (trailing) | – | 8.3 |
| Dividend yield | 0.00% | 3.30% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ALMS | EXE |
|---|---|---|
| 2022 | – | +62.3% |
| 2023 | – | -14.8% |
| 2024 | – | +33.2% |
| 2025 | +24.2% | +14.4% |
| 2026 | +137.8% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and EXE good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and EXE?
As of 2026-08-27, the correlation of weekly returns between ALMS and EXE is -0.30 over 3 years, -0.26 over 1 year and n/a over 5 years.
Is EXE a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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.
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Related comparisons
Hubs: ALMS correlations · EXE correlations
