ALMS vs NEOG: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Neogen Corporation (NEOG) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and NEOG?
On 3 years of weekly data the ALMS/NEOG correlation comes out at 0.38, moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.38). The 5-year figure is n/a, and annualized covariance runs at 3009.6 %².
Among the 92 assets we track against ALMS, NEOG ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 267.2 points (+371.7% versus +104.5%). Risk is not evenly split, since ALMS carries 2.2 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 NEOG: side by side
| ALMS (Alumis Inc.) | NEOG (Neogen Corporation) | |
|---|---|---|
| 1-year return | +371.7% | +104.5% |
| 5-year return | n/a | -73.2% |
| Volatility (ann.) | 130.0% | 57.8% |
| Beta vs S&P 500 | -1.50 | 1.11 |
| Max drawdown (3Y) | -78.9% | -81.2% |
| Market cap | $3.0B | $2.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | NEOG |
|---|---|---|
| 2022 | – | -66.5% |
| 2023 | – | +32.0% |
| 2024 | – | -39.6% |
| 2025 | +24.2% | -42.4% |
| 2026 | +137.8% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and NEOG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALMS and NEOG?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.51 over the last year and n/a over 5 years.
Is NEOG a good diversifier for ALMS?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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-neog.json
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[](https://www.pairbook.io/pair/alms-vs-neog/)
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Related comparisons
Hubs: ALMS correlations · NEOG correlations
