ALMS vs JCSE: Correlation
How closely do Alumis Inc. (ALMS) and JE Cleantech Holdings Limited (JCSE) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and JCSE?
Across a 3-year window, the weekly returns of ALMS and JCSE correlate at 0.44, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.44). Stretching to 5 years gives n/a, with an annualized covariance of 7293.6 %².
Few assets follow ALMS as closely as JCSE, which ranks #2 of 92 tracked partners. Correlation aside, the last 12 months split them widely, with ALMS ahead by 265.8 points (+371.7% versus +105.9%).
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 JCSE: side by side
| ALMS (Alumis Inc.) | JCSE (JE Cleantech Holdings Limited) | |
|---|---|---|
| 1-year return | +371.7% | +105.9% |
| 5-year return | n/a | -96.2% |
| Volatility (ann.) | 130.0% | 123.3% |
| Beta vs S&P 500 | -1.50 | 0.09 |
| Max drawdown (3Y) | -78.9% | -64.2% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | 3.1 |
| Dividend yield | 0.00% | 36.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | JCSE |
|---|---|---|
| 2023 | – | -66.0% |
| 2024 | – | +92.4% |
| 2025 | +24.2% | -23.1% |
| 2026 | +137.8% | +94.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and JCSE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALMS and JCSE?
The ALMS/JCSE correlation stands at 0.44 on a 3-year window (1 year: 0.64, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JCSE a good diversifier for ALMS?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-jcse.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-jcse/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMS correlations · JCSE correlations
