ALMU vs MRAM: Correlation
Measured on weekly returns over the past three years, Aeluma, Inc. (ALMU) and Everspin Technologies, Inc. (MRAM) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMU and MRAM?
Over the past 3 years, ALMU and MRAM moved with a correlation of 0.37, which is moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.37). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2729.3 %².
Within ALMU's tracked universe of 20 assets, MRAM comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRAM outperformed by 205.6 percentage points (-32.4% for ALMU against +173.2% for MRAM). One caveat on sizing: ALMU is 1.5 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.
ALMU vs MRAM: side by side
| ALMU (Aeluma, Inc.) | MRAM (Everspin Technologies, Inc.) | |
|---|---|---|
| 1-year return | -32.4% | +173.2% |
| 5-year return | n/a | +134.7% |
| Volatility (ann.) | 106.9% | 69.5% |
| Beta vs S&P 500 | 1.15 | 1.58 |
| Max drawdown (3Y) | -56.7% | -70.6% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMU | MRAM |
|---|---|---|
| 2022 | – | -50.8% |
| 2023 | – | +62.6% |
| 2024 | +163.8% | -29.3% |
| 2025 | +124.4% | +45.2% |
| 2026 | -18.9% | +88.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and MRAM good diversifiers for each other?
Reasonably. At 0.37, ALMU and MRAM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALMU and MRAM?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.51 over the last year and n/a over 5 years.
Is MRAM a good diversifier for ALMU?
Reasonably. At 0.37, ALMU and MRAM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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-mram.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/almu-vs-mram/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALMU correlations · MRAM correlations
