ALMS vs NFLX: Correlation
Alumis Inc. (ALMS) and Netflix (NFLX) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and NFLX?
On 3 years of weekly data the ALMS/NFLX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -1092.4 %².
Among the 92 assets we track against ALMS, NFLX ranks #59 by 3-year correlation. The last year tells two different stories: ALMS led by 406.4 percentage points, +371.7% for ALMS against -34.7% for NFLX. Note the risk asymmetry: ALMS runs 3.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NFLX: side by side
| ALMS (Alumis Inc.) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | +371.7% | -34.7% |
| 5-year return | n/a | +41.0% |
| Volatility (ann.) | 130.0% | 35.2% |
| Beta vs S&P 500 | -1.50 | 0.99 |
| Max drawdown (3Y) | -78.9% | -49.5% |
| Market cap | $3.0B | $332.4B |
| P/E (trailing) | – | 25.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ALMS | NFLX |
|---|---|---|
| 2022 | – | -51.1% |
| 2023 | – | +65.1% |
| 2024 | – | +83.1% |
| 2025 | +24.2% | +5.2% |
| 2026 | +137.8% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and NFLX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and NFLX?
The ALMS/NFLX correlation stands at -0.24 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NFLX a good diversifier for ALMS?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alms-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · NFLX correlations
