ALNY vs TOP: Correlation
How closely do Alnylam Pharmaceuticals, Inc. (ALNY) and TOP Financial Group Limited - Class A (TOP) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALNY and TOP?
On 3 years of weekly data the ALNY/TOP correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.63 versus -0.25 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -2840.2 %².
TOP is close to the least connected end of ALNY's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months TOP outperformed by 1265.8 percentage points (-47.9% for ALNY against +1217.9% for TOP). Risk is not evenly split, since TOP carries 4.7 times the volatility of the other side.
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.
ALNY vs TOP: side by side
| ALNY (Alnylam Pharmaceuticals, Inc.) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -47.9% | +1217.9% |
| 5-year return | +16.2% | -9.2% |
| Volatility (ann.) | 48.5% | 230.2% |
| Beta vs S&P 500 | 0.93 | 1.60 |
| Max drawdown (3Y) | -58.2% | -89.6% |
| Market cap | $31.7B | $1.9B |
| P/E (trailing) | 41.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALNY | TOP |
|---|---|---|
| 2022 | +40.1% | – |
| 2023 | -19.5% | -22.5% |
| 2024 | +22.9% | -59.5% |
| 2025 | +69.0% | -34.3% |
| 2026 | -40.5% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNY and TOP good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALNY and TOP?
The ALNY/TOP correlation stands at -0.25 on a 3-year window (1 year: -0.63, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is TOP a good diversifier for ALNY?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/alny-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alny-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALNY correlations · TOP correlations
