ALMU vs RMCO: Correlation
Measured on weekly returns over the past three years, Aeluma, Inc. (ALMU) and Royalty Management Holding Corporation (RMCO) 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 RMCO?
On 3 years of weekly data the ALMU/RMCO correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.34 over 1 year against 0.27 over 3. The 5-year figure is n/a, and annualized covariance runs at 2530.4 %².
Among the 20 assets we track against ALMU, RMCO ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RMCO outperformed by 79.0 percentage points (-32.4% for ALMU against +46.6% for RMCO).
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 RMCO: side by side
| ALMU (Aeluma, Inc.) | RMCO (Royalty Management Holding Corporation) | |
|---|---|---|
| 1-year return | -32.4% | +46.6% |
| 5-year return | n/a | -70.7% |
| Volatility (ann.) | 106.9% | 87.1% |
| Beta vs S&P 500 | 1.15 | 0.25 |
| Max drawdown (3Y) | -56.7% | -93.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALMU | RMCO |
|---|---|---|
| 2022 | – | -0.4% |
| 2023 | – | -83.0% |
| 2024 | +163.8% | -41.3% |
| 2025 | +124.4% | +211.1% |
| 2026 | -18.9% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMU and RMCO good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALMU and RMCO?
The ALMU/RMCO correlation stands at 0.27 on a 3-year window (1 year: 0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RMCO a good diversifier for ALMU?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALMU correlations · RMCO correlations
