ALMS vs VELO: Correlation
Alumis Inc. (ALMS) and Velo3D, Inc. (VELO) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and VELO?
Across a 3-year window, the weekly returns of ALMS and VELO correlate at 0.28, weak. The past 12 months show a weaker link (0.10) than the 3-year average (0.28). Stretching to 5 years gives n/a, with an annualized covariance of 10161.1 %².
Among the 92 assets we track against ALMS, VELO ranks #9 by 3-year correlation. The last year tells two different stories: ALMS led by 189.8 percentage points, +371.7% for ALMS against +181.9% for VELO. One caveat on sizing: VELO is 1.9 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 VELO: side by side
| ALMS (Alumis Inc.) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +371.7% | +181.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 130.0% | 249.0% |
| Beta vs S&P 500 | -1.50 | -2.66 |
| Max drawdown (3Y) | -78.9% | -99.8% |
| Market cap | $3.0B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMS | VELO |
|---|---|---|
| 2022 | – | -77.1% |
| 2023 | – | -77.8% |
| 2024 | – | -95.2% |
| 2025 | +24.2% | +35.7% |
| 2026 | +137.8% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and VELO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALMS and VELO?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is VELO a good diversifier for ALMS?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alms-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · VELO correlations
