ALMS vs LOCL: Correlation
How closely do Alumis Inc. (ALMS) and Local Bounti Corporation (LOCL) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and LOCL?
Across a 3-year window, the weekly returns of ALMS and LOCL correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.34 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 6178.4 %².
By 3-year correlation, LOCL places #7 of the 92 assets tracked against ALMS. Correlation aside, the last 12 months split them widely, with ALMS ahead by 430.5 points (+371.7% versus -58.8%).
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 LOCL: side by side
| ALMS (Alumis Inc.) | LOCL (Local Bounti Corporation) | |
|---|---|---|
| 1-year return | +371.7% | -58.8% |
| 5-year return | n/a | -99.2% |
| Volatility (ann.) | 130.0% | 142.7% |
| Beta vs S&P 500 | -1.50 | -0.49 |
| Max drawdown (3Y) | -78.9% | -79.4% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | LOCL |
|---|---|---|
| 2022 | – | -78.4% |
| 2023 | – | -88.5% |
| 2024 | – | +0.0% |
| 2025 | +24.2% | +3.4% |
| 2026 | +137.8% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and LOCL good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALMS and LOCL?
The ALMS/LOCL correlation stands at 0.34 on a 3-year window (1 year: 0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LOCL a good diversifier for ALMS?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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-locl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alms-vs-locl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMS correlations · LOCL correlations
