ALMS vs NFG: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and National Fuel Gas Company (NFG) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and NFG?
On 3 years of weekly data the ALMS/NFG correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.29 over 3. The 5-year figure is n/a, and annualized covariance runs at -763.6 %².
By 3-year correlation, NFG places #82 of the 92 assets tracked against ALMS. Correlation aside, the last 12 months split them widely, with ALMS ahead by 374.3 points (+371.7% versus -2.6%). Risk is not evenly split, since ALMS carries 6.5 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 NFG: side by side
| ALMS (Alumis Inc.) | NFG (National Fuel Gas Company) | |
|---|---|---|
| 1-year return | +371.7% | -2.6% |
| 5-year return | n/a | +87.6% |
| Volatility (ann.) | 130.0% | 20.0% |
| Beta vs S&P 500 | -1.50 | 0.10 |
| Max drawdown (3Y) | -78.9% | -20.9% |
| Market cap | $3.0B | $7.9B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.00% | 2.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | NFG |
|---|---|---|
| 2022 | – | +1.9% |
| 2023 | – | -17.7% |
| 2024 | – | +25.4% |
| 2025 | +24.2% | +35.3% |
| 2026 | +137.8% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and NFG good diversifiers for each other?
Yes. With a correlation of -0.29, ALMS and NFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and NFG?
As of 2026-08-27, the correlation of weekly returns between ALMS and NFG is -0.29 over 3 years, -0.20 over 1 year and n/a over 5 years.
Is NFG a good diversifier for ALMS?
Yes. With a correlation of -0.29, ALMS and NFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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.
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Related comparisons
Hubs: ALMS correlations · NFG correlations
