ALMS vs JCI: Correlation
How closely do Alumis Inc. (ALMS) and Johnson Controls (JCI) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and JCI?
Across a 3-year window, the weekly returns of ALMS and JCI correlate at -0.35, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1330.4 %².
Out of 92 assets tracked against ALMS, JCI lands near the bottom at #89. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 340.8 percentage points (+371.7% for ALMS against +30.9% for JCI). Note the risk asymmetry: ALMS runs 4.6 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 JCI: side by side
| ALMS (Alumis Inc.) | JCI (Johnson Controls) | |
|---|---|---|
| 1-year return | +371.7% | +30.9% |
| 5-year return | n/a | +108.2% |
| Volatility (ann.) | 130.0% | 28.1% |
| Beta vs S&P 500 | -1.50 | 0.98 |
| Max drawdown (3Y) | -78.9% | -21.1% |
| Market cap | $3.0B | $86.1B |
| P/E (trailing) | – | 40.1 |
| Dividend yield | 0.00% | 1.11% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ALMS | JCI |
|---|---|---|
| 2022 | – | -19.3% |
| 2023 | – | -7.6% |
| 2024 | – | +39.8% |
| 2025 | +24.2% | +53.0% |
| 2026 | +137.8% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and JCI good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and JCI?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.34 over the last year and n/a over 5 years.
Is JCI a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 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-jci.json
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Related comparisons
Hubs: ALMS correlations · JCI correlations
