ALMS vs MTEN: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Mingteng International Corporation Inc. - Class A (MTEN) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and MTEN?
On 3 years of weekly data the ALMS/MTEN correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -6254.5 %².
Among the 92 assets we track against ALMS, MTEN ranks #69 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 471.7 points (+371.7% versus -100.0%).
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 MTEN: side by side
| ALMS (Alumis Inc.) | MTEN (Mingteng International Corporation Inc. - Class A) | |
|---|---|---|
| 1-year return | +371.7% | -100.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 130.0% | 179.9% |
| Beta vs S&P 500 | -1.50 | 2.36 |
| Max drawdown (3Y) | -78.9% | -100.0% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are ALMS and MTEN good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and MTEN?
The ALMS/MTEN correlation stands at -0.26 on a 3-year window (1 year: -0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MTEN a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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-mten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-mten/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMS correlations · MTEN correlations
