ALMS vs TRGP: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Targa Resources (TRGP) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and TRGP?
On 3 years of weekly data the ALMS/TRGP correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.15 versus -0.26 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1134.7 %².
Within ALMS's tracked universe of 92 assets, TRGP comes in at #70 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 293.0 percentage points (+371.7% for ALMS against +78.7% for TRGP). One caveat on sizing: ALMS is 4.1 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 TRGP: side by side
| ALMS (Alumis Inc.) | TRGP (Targa Resources) | |
|---|---|---|
| 1-year return | +371.7% | +78.7% |
| 5-year return | n/a | +626.8% |
| Volatility (ann.) | 130.0% | 31.5% |
| Beta vs S&P 500 | -1.50 | 0.44 |
| Max drawdown (3Y) | -78.9% | -31.6% |
| Market cap | $3.0B | $62.0B |
| P/E (trailing) | – | 28.1 |
| Dividend yield | 0.00% | 1.53% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ALMS | TRGP |
|---|---|---|
| 2022 | – | +43.7% |
| 2023 | – | +21.0% |
| 2024 | – | +110.1% |
| 2025 | +24.2% | +5.7% |
| 2026 | +137.8% | +58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and TRGP good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALMS and TRGP?
As of 2026-08-27, the correlation of weekly returns between ALMS and TRGP is -0.26 over 3 years, -0.15 over 1 year and n/a over 5 years.
Is TRGP a good diversifier for ALMS?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-trgp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-trgp/)
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Related comparisons
Hubs: ALMS correlations · TRGP correlations
