ALMU vs CLRB: Correlation
How closely do Aeluma, Inc. (ALMU) and Cellectar Biosciences, Inc. (CLRB) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMU and CLRB?
Over the past 3 years, ALMU and CLRB moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.27 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2784.4 %².
CLRB is close to the least connected end of ALMU's tracked universe, ranking #18 of 20. On 12-month performance ALMU holds a 14.9-point edge, -32.4% against -47.3%.
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 CLRB: side by side
| ALMU (Aeluma, Inc.) | CLRB (Cellectar Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -32.4% | -47.3% |
| 5-year return | n/a | -99.1% |
| Volatility (ann.) | 106.9% | 97.2% |
| Beta vs S&P 500 | 1.15 | 1.43 |
| Max drawdown (3Y) | -56.7% | -98.2% |
| 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 | CLRB |
|---|---|---|
| 2022 | – | -74.1% |
| 2023 | – | +62.0% |
| 2024 | +163.8% | -89.2% |
| 2025 | +124.4% | -67.2% |
| 2026 | -18.9% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and CLRB good diversifiers for each other?
Yes. With a correlation of -0.27, ALMU and CLRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALMU and CLRB?
The ALMU/CLRB correlation stands at -0.27 on a 3-year window (1 year: 0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CLRB a good diversifier for ALMU?
Yes. With a correlation of -0.27, ALMU and CLRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/almu-vs-clrb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/almu-vs-clrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMU correlations · CLRB correlations
