ACR vs ASBP: Correlation
ACRES Commercial Realty Corp. (ACR) and Aspire Biopharma Holdings, Inc. (ASBP) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACR and ASBP?
Across a 3-year window, the weekly returns of ACR and ASBP correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.25). Stretching to 5 years gives -0.19, with an annualized covariance of -13961.2 %².
Among the 13 assets we track against ACR, ASBP sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with ACR ahead by 28.9 points (-32.4% versus -61.3%). Note the risk asymmetry: ASBP runs 51.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACR vs ASBP: side by side
| ACR (ACRES Commercial Realty Corp.) | ASBP (Aspire Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | -32.4% | -61.3% |
| 5-year return | -14.8% | -97.9% |
| Volatility (ann.) | 32.9% | 1699.4% |
| Beta vs S&P 500 | 0.30 | 0.59 |
| Max drawdown (3Y) | -41.3% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACR | ASBP |
|---|---|---|
| 2022 | -33.8% | – |
| 2023 | +16.5% | +5.7% |
| 2024 | +67.9% | +5.6% |
| 2025 | +32.1% | -98.9% |
| 2026 | -33.9% | +56.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACR and ASBP 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 ACR and ASBP?
The ACR/ASBP correlation stands at -0.25 on a 3-year window (1 year: -0.38, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is ASBP a good diversifier for ACR?
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?
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/acr-vs-asbp.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACR correlations · ASBP correlations
