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ALMS vs SYNX: Correlation

How closely do Alumis Inc. (ALMS) and Silynxcom Ltd. (SYNX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
-0.25
negative
Correlation (1Y)
-0.13
last 12 months
Correlation (5Y)
n/a
long-run
Ann. covariance
-3002.1
%² · weekly, annualized

How correlated are ALMS and SYNX?

Over the past 3 years, ALMS and SYNX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3002.1 %².

Among the 92 assets we track against ALMS, SYNX ranks #67 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 410.7 percentage points (+371.7% for ALMS against -39.0% for SYNX).

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 SYNX: side by side

ALMS (Alumis Inc.)SYNX (Silynxcom Ltd.)
1-year return+371.7%-39.0%
5-year returnn/an/a
Volatility (ann.)130.0%91.1%
Beta vs S&P 500-1.501.24
Max drawdown (3Y)-78.9%-84.7%
Market cap$3.0B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: ALMS -78.9% vs -84.7%
-49%0%+558%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. ALMS · SYNX

Are ALMS and SYNX good diversifiers for each other?

Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.

FAQ

What is the correlation between ALMS and SYNX?

The ALMS/SYNX correlation stands at -0.25 on a 3-year window (1 year: -0.13, 5 years: n/a), computed from weekly returns as of 2026-08-27.

Is SYNX a good diversifier for ALMS?

Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.

What does a correlation of -0.25 mean?

On the −1 to +1 scale, -0.25 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.

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ALMS vs SYNX: 3-year weekly correlation -0.25ALMS vs SYNX-0.25

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Related comparisons

Hubs: ALMS correlations · SYNX correlations