ALMS vs NWS: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and News Corp (Class B) (NWS) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and NWS?
Over the past 3 years, ALMS and NWS moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.19 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -642.5 %².
Among the 92 assets we track against ALMS, NWS ranks #39 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 367.4 percentage points (+371.7% for ALMS against +4.3% for NWS). One caveat on sizing: ALMS is 5.3 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 NWS: side by side
| ALMS (Alumis Inc.) | NWS (News Corp (Class B)) | |
|---|---|---|
| 1-year return | +371.7% | +4.3% |
| 5-year return | n/a | +67.8% |
| Volatility (ann.) | 130.0% | 24.5% |
| Beta vs S&P 500 | -1.50 | 0.77 |
| Max drawdown (3Y) | -78.9% | -26.8% |
| Market cap | $3.0B | $19.0B |
| P/E (trailing) | – | 34.3 |
| Dividend yield | 0.00% | 0.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ALMS | NWS |
|---|---|---|
| 2022 | – | -17.2% |
| 2023 | – | +41.0% |
| 2024 | – | +19.2% |
| 2025 | +24.2% | -2.0% |
| 2026 | +137.8% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and NWS good diversifiers for each other?
Yes. With a correlation of -0.19, ALMS and NWS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and NWS?
As of 2026-08-27, the correlation of weekly returns between ALMS and NWS is -0.19 over 3 years, -0.08 over 1 year and n/a over 5 years.
Is NWS a good diversifier for ALMS?
Yes. With a correlation of -0.19, ALMS and NWS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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-nws.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-nws/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMS correlations · NWS correlations
