ALMS vs JBL: Correlation
Alumis Inc. (ALMS) and Jabil (JBL) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and JBL?
Across a 3-year window, the weekly returns of ALMS and JBL correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -1190.4 %².
Within ALMS's tracked universe of 92 assets, JBL comes in at #54 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 321.3 points (+371.7% versus +50.4%). Note the risk asymmetry: ALMS runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 JBL: side by side
| ALMS (Alumis Inc.) | JBL (Jabil) | |
|---|---|---|
| 1-year return | +371.7% | +50.4% |
| 5-year return | n/a | +405.5% |
| Volatility (ann.) | 130.0% | 40.6% |
| Beta vs S&P 500 | -1.50 | 1.47 |
| Max drawdown (3Y) | -78.9% | -36.8% |
| Market cap | $3.0B | $32.7B |
| P/E (trailing) | – | 38.9 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ALMS | JBL |
|---|---|---|
| 2022 | – | -2.5% |
| 2023 | – | +87.4% |
| 2024 | – | +13.3% |
| 2025 | +24.2% | +58.7% |
| 2026 | +137.8% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and JBL good diversifiers for each other?
Yes. With a correlation of -0.23, ALMS and JBL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and JBL?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.07 over the last year and n/a over 5 years.
Is JBL a good diversifier for ALMS?
Yes. With a correlation of -0.23, ALMS and JBL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-jbl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-jbl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMS correlations · JBL correlations
