ALMS vs LVS: Correlation
How closely do Alumis Inc. (ALMS) and Las Vegas Sands (LVS) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and LVS?
Across a 3-year window, the weekly returns of ALMS and LVS correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.17 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -842.3 %².
By 3-year correlation, LVS places #28 of the 92 assets tracked against ALMS. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 392.0 percentage points (+371.7% for ALMS against -20.3% for LVS). Risk is not evenly split, since ALMS carries 3.7 times the volatility of the other side.
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 LVS: side by side
| ALMS (Alumis Inc.) | LVS (Las Vegas Sands) | |
|---|---|---|
| 1-year return | +371.7% | -20.3% |
| 5-year return | n/a | +8.5% |
| Volatility (ann.) | 130.0% | 34.8% |
| Beta vs S&P 500 | -1.50 | 0.75 |
| Max drawdown (3Y) | -78.9% | -44.0% |
| Market cap | $3.0B | $28.7B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.00% | 2.49% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ALMS | LVS |
|---|---|---|
| 2022 | – | +27.7% |
| 2023 | – | +3.1% |
| 2024 | – | +6.2% |
| 2025 | +24.2% | +29.5% |
| 2026 | +137.8% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and LVS good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and LVS?
As of 2026-08-27, the correlation of weekly returns between ALMS and LVS is -0.17 over 3 years, -0.19 over 1 year and n/a over 5 years.
Is LVS a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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-lvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-lvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · LVS correlations
