ALMS vs SBR: Correlation
How closely do Alumis Inc. (ALMS) and Sabine Royalty Trust (SBR) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and SBR?
Over the past 3 years, ALMS and SBR moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -835.7 %².
Within ALMS's tracked universe of 92 assets, SBR comes in at #85 by 3-year correlation. The last year tells two different stories: ALMS led by 362.6 percentage points, +371.7% for ALMS against +9.1% for SBR. Risk is not evenly split, since ALMS carries 5.7 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 SBR: side by side
| ALMS (Alumis Inc.) | SBR (Sabine Royalty Trust) | |
|---|---|---|
| 1-year return | +371.7% | +9.1% |
| 5-year return | n/a | +200.0% |
| Volatility (ann.) | 130.0% | 22.9% |
| Beta vs S&P 500 | -1.50 | 0.33 |
| Max drawdown (3Y) | -78.9% | -18.5% |
| Market cap | $3.0B | $1.1B |
| P/E (trailing) | – | 15.1 |
| Dividend yield | 0.00% | 6.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | SBR |
|---|---|---|
| 2022 | – | +132.1% |
| 2023 | – | -13.1% |
| 2024 | – | +4.1% |
| 2025 | +24.2% | +14.0% |
| 2026 | +137.8% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and SBR good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and SBR?
As of 2026-08-27, the correlation of weekly returns between ALMS and SBR is -0.30 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is SBR a good diversifier for ALMS?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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-sbr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alms-vs-sbr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALMS correlations · SBR correlations
