ALT vs NRIX: Correlation
How closely do Altimmune, Inc. (ALT) and Nurix Therapeutics, Inc. (NRIX) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALT and NRIX?
Over the past 3 years, ALT and NRIX moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 3198.8 %².
Within ALT's tracked universe of 13 assets, NRIX comes in at #4 by 3-year correlation. The last year tells two different stories: NRIX led by 193.1 percentage points, -11.7% for ALT against +181.4% for NRIX.
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.
ALT vs NRIX: side by side
| ALT (Altimmune, Inc.) | NRIX (Nurix Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -11.7% | +181.4% |
| 5-year return | -77.0% | -19.6% |
| Volatility (ann.) | 94.4% | 77.6% |
| Beta vs S&P 500 | 1.91 | 1.82 |
| Max drawdown (3Y) | -81.2% | -70.7% |
| Market cap | $0.6B | $2.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALT | NRIX |
|---|---|---|
| 2022 | +79.6% | -62.1% |
| 2023 | -31.6% | -6.0% |
| 2024 | -35.9% | +82.6% |
| 2025 | -49.9% | +0.7% |
| 2026 | -10.2% | +41.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALT and NRIX good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALT and NRIX?
The ALT/NRIX correlation stands at 0.44 on a 3-year window (1 year: 0.37, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is NRIX a good diversifier for ALT?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alt-vs-nrix.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alt-vs-nrix/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALT correlations · NRIX correlations
