ALMU vs CHR: Correlation
Measured on weekly returns over the past three years, Aeluma, Inc. (ALMU) and Cheer Holding, Inc. - Class A (CHR) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMU and CHR?
On 3 years of weekly data the ALMU/CHR correlation comes out at 0.27, weak. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2579.9 %².
Within ALMU's tracked universe of 20 assets, CHR comes in at #7 by 3-year correlation. The last year tells two different stories: ALMU led by 66.5 percentage points, -32.4% for ALMU against -98.9% for CHR.
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.
ALMU vs CHR: side by side
| ALMU (Aeluma, Inc.) | CHR (Cheer Holding, Inc. - Class A) | |
|---|---|---|
| 1-year return | -32.4% | -98.9% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 106.9% | 89.2% |
| Beta vs S&P 500 | 1.15 | 0.17 |
| Max drawdown (3Y) | -56.7% | -99.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMU | CHR |
|---|---|---|
| 2022 | – | +23.7% |
| 2023 | – | -78.5% |
| 2024 | +163.8% | -20.7% |
| 2025 | +124.4% | -99.0% |
| 2026 | -18.9% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and CHR good diversifiers for each other?
Reasonably. At 0.27, ALMU and CHR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALMU and CHR?
As of 2026-08-27, the correlation of weekly returns between ALMU and CHR is 0.27 over 3 years, 0.28 over 1 year and n/a over 5 years.
Is CHR a good diversifier for ALMU?
Reasonably. At 0.27, ALMU and CHR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 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/almu-vs-chr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/almu-vs-chr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMU correlations · CHR correlations
