ALMU vs MGX: Correlation
Aeluma, Inc. (ALMU) and Metagenomi Therapeutics, Inc. (MGX) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMU and MGX?
Over the past 3 years, ALMU and MGX moved with a correlation of 0.41, which is moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.41). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3879.9 %².
In ALMU's tracked universe of 20 assets, MGX sits right near the top at #3. Twelve-month performance is nearly a tie, at -32.4% for ALMU and -34.9% for MGX.
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 MGX: side by side
| ALMU (Aeluma, Inc.) | MGX (Metagenomi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -32.4% | -34.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 106.9% | 86.5% |
| Beta vs S&P 500 | 1.15 | 1.23 |
| Max drawdown (3Y) | -56.7% | -90.7% |
| 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 | MGX |
|---|---|---|
| 2024 | +163.8% | – |
| 2025 | +124.4% | -55.1% |
| 2026 | -18.9% | -25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and MGX good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALMU and MGX?
The ALMU/MGX correlation stands at 0.41 on a 3-year window (1 year: 0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MGX a good diversifier for ALMU?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/almu-vs-mgx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/almu-vs-mgx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMU correlations · MGX correlations
