ALMS vs NMTC: Correlation
Alumis Inc. (ALMS) and NeuroOne Medical Technologies Corporation (NMTC) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and NMTC?
Over the past 3 years, ALMS and NMTC moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.29 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2905.8 %².
Within ALMS's tracked universe of 92 assets, NMTC comes in at #83 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 427.7 points (+371.7% versus -56.0%). One caveat on sizing: ALMS is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NMTC: side by side
| ALMS (Alumis Inc.) | NMTC (NeuroOne Medical Technologies Corporation) | |
|---|---|---|
| 1-year return | +371.7% | -56.0% |
| 5-year return | n/a | -91.3% |
| Volatility (ann.) | 130.0% | 83.8% |
| Beta vs S&P 500 | -1.50 | 1.16 |
| Max drawdown (3Y) | -78.9% | -86.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | NMTC |
|---|---|---|
| 2022 | – | -38.1% |
| 2023 | – | +31.7% |
| 2024 | – | -47.7% |
| 2025 | +24.2% | -8.2% |
| 2026 | +137.8% | -56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and NMTC good diversifiers for each other?
Yes. With a correlation of -0.29, ALMS and NMTC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and NMTC?
As of 2026-08-27, the correlation of weekly returns between ALMS and NMTC is -0.29 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is NMTC a good diversifier for ALMS?
Yes. With a correlation of -0.29, ALMS and NMTC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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-nmtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alms-vs-nmtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · NMTC correlations
