ALMS vs TT: Correlation
How closely do Alumis Inc. (ALMS) and Trane Technologies (TT) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and TT?
On 3 years of weekly data the ALMS/TT correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -649.8 %².
Among the 92 assets we track against ALMS, TT ranks #34 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALMS outperformed by 363.9 percentage points (+371.7% for ALMS against +7.8% for TT). One caveat on sizing: ALMS is 4.7 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 TT: side by side
| ALMS (Alumis Inc.) | TT (Trane Technologies) | |
|---|---|---|
| 1-year return | +371.7% | +7.8% |
| 5-year return | n/a | +141.4% |
| Volatility (ann.) | 130.0% | 27.8% |
| Beta vs S&P 500 | -1.50 | 1.19 |
| Max drawdown (3Y) | -78.9% | -24.4% |
| Market cap | $3.0B | $100.0B |
| P/E (trailing) | – | 33.8 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ALMS | TT |
|---|---|---|
| 2022 | – | -15.3% |
| 2023 | – | +47.4% |
| 2024 | – | +53.0% |
| 2025 | +24.2% | +6.1% |
| 2026 | +137.8% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and TT good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and TT?
As of 2026-08-27, the correlation of weekly returns between ALMS and TT is -0.18 over 3 years, -0.21 over 1 year and n/a over 5 years.
Is TT a good diversifier for ALMS?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-tt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alms-vs-tt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · TT correlations
