ALMS vs OKE: Correlation
Alumis Inc. (ALMS) and Oneok (OKE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and OKE?
On 3 years of weekly data the ALMS/OKE correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.20). The 5-year figure is n/a, and annualized covariance runs at -823.8 %².
Within ALMS's tracked universe of 92 assets, OKE comes in at #42 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALMS ahead by 338.7 points (+371.7% versus +33.0%). Risk is not evenly split, since ALMS carries 4.5 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 OKE: side by side
| ALMS (Alumis Inc.) | OKE (Oneok) | |
|---|---|---|
| 1-year return | +371.7% | +33.0% |
| 5-year return | n/a | +134.0% |
| Volatility (ann.) | 130.0% | 28.7% |
| Beta vs S&P 500 | -1.50 | 0.42 |
| Max drawdown (3Y) | -78.9% | -42.2% |
| Market cap | $3.0B | $59.7B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.00% | 4.47% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ALMS | OKE |
|---|---|---|
| 2022 | – | +18.9% |
| 2023 | – | +13.2% |
| 2024 | – | +50.1% |
| 2025 | +24.2% | -22.9% |
| 2026 | +137.8% | +33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and OKE good diversifiers for each other?
Yes. With a correlation of -0.20, ALMS and OKE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMS and OKE?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is OKE a good diversifier for ALMS?
Yes. With a correlation of -0.20, ALMS and OKE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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-oke.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alms-vs-oke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMS correlations · OKE correlations
