ALMS vs PEG: Correlation
How closely do Alumis Inc. (ALMS) and Public Service Enterprise Group (PEG) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and PEG?
On 3 years of weekly data the ALMS/PEG correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.28 over 3. The 5-year figure is n/a, and annualized covariance runs at -700.0 %².
Within ALMS's tracked universe of 92 assets, PEG comes in at #78 by 3-year correlation. The last year tells two different stories: ALMS led by 380.3 percentage points, +371.7% for ALMS against -8.6% for PEG. Note the risk asymmetry: ALMS runs 6.9 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 PEG: side by side
| ALMS (Alumis Inc.) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +371.7% | -8.6% |
| 5-year return | n/a | +34.9% |
| Volatility (ann.) | 130.0% | 18.9% |
| Beta vs S&P 500 | -1.50 | 0.25 |
| Max drawdown (3Y) | -78.9% | -18.8% |
| Market cap | $3.0B | $36.5B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 3.51% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ALMS | PEG |
|---|---|---|
| 2022 | – | -5.1% |
| 2023 | – | +3.6% |
| 2024 | – | +42.6% |
| 2025 | +24.2% | -1.9% |
| 2026 | +137.8% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and PEG good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and PEG?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.21 over the last year and n/a over 5 years.
Is PEG a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-peg.json
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Related comparisons
Hubs: ALMS correlations · PEG correlations
