ALMS vs GE: Correlation
How closely do Alumis Inc. (ALMS) and GE Aerospace (GE) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and GE?
On 3 years of weekly data the ALMS/GE correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.23 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -984.1 %².
Within ALMS's tracked universe of 92 assets, GE comes in at #52 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 345.7 points (+371.7% versus +26.0%). One caveat on sizing: ALMS is 4.2 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 GE: side by side
| ALMS (Alumis Inc.) | GE (GE Aerospace) | |
|---|---|---|
| 1-year return | +371.7% | +26.0% |
| 5-year return | n/a | +435.6% |
| Volatility (ann.) | 130.0% | 30.9% |
| Beta vs S&P 500 | -1.50 | 1.24 |
| Max drawdown (3Y) | -78.9% | -21.4% |
| Market cap | $3.0B | $355.6B |
| P/E (trailing) | – | 41.8 |
| Dividend yield | 0.00% | 0.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ALMS | GE |
|---|---|---|
| 2022 | – | -10.9% |
| 2023 | – | +95.7% |
| 2024 | – | +64.8% |
| 2025 | +24.2% | +85.7% |
| 2026 | +137.8% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and GE 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 GE?
As of 2026-08-27, the correlation of weekly returns between ALMS and GE is -0.23 over 3 years, -0.09 over 1 year and n/a over 5 years.
Is GE 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-ge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-ge/)
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Related comparisons
Hubs: ALMS correlations · GE correlations
