ALMS vs RRC: Correlation
How closely do Alumis Inc. (ALMS) and Range Resources Corporation (RRC) 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 RRC?
On 3 years of weekly data the ALMS/RRC correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.28 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1234.0 %².
By 3-year correlation, RRC places #79 of the 92 assets tracked against ALMS. The last year tells two different stories: ALMS led by 347.4 percentage points, +371.7% for ALMS against +24.3% for RRC. One caveat on sizing: ALMS is 3.9 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 RRC: side by side
| ALMS (Alumis Inc.) | RRC (Range Resources Corporation) | |
|---|---|---|
| 1-year return | +371.7% | +24.3% |
| 5-year return | n/a | +195.2% |
| Volatility (ann.) | 130.0% | 33.0% |
| Beta vs S&P 500 | -1.50 | 0.34 |
| Max drawdown (3Y) | -78.9% | -28.0% |
| Market cap | $3.0B | $9.7B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | RRC |
|---|---|---|
| 2022 | – | +41.1% |
| 2023 | – | +23.1% |
| 2024 | – | +19.3% |
| 2025 | +24.2% | -1.0% |
| 2026 | +137.8% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and RRC good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and RRC?
The ALMS/RRC correlation stands at -0.28 on a 3-year window (1 year: -0.18, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RRC a good diversifier for ALMS?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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
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Related comparisons
Hubs: ALMS correlations · RRC correlations
