ASBP vs CERT: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Certara, Inc. (CERT) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and CERT?
Across a 3-year window, the weekly returns of ASBP and CERT correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.28). Stretching to 5 years gives -0.22, with an annualized covariance of -27101.1 %².
Among the 70 assets we track against ASBP, CERT ranks #49 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CERT outperformed by 38.0 percentage points (-61.3% for ASBP against -23.3% for CERT). One caveat on sizing: ASBP is 30.0 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.
ASBP vs CERT: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | CERT (Certara, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -23.3% |
| 5-year return | -97.9% | -74.4% |
| Volatility (ann.) | 1699.4% | 56.7% |
| Beta vs S&P 500 | 0.59 | 1.49 |
| Max drawdown (3Y) | -100.0% | -77.0% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | CERT |
|---|---|---|
| 2022 | – | -43.5% |
| 2023 | +5.7% | +9.5% |
| 2024 | +5.6% | -39.5% |
| 2025 | -98.9% | -17.3% |
| 2026 | +56.4% | -4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and CERT good diversifiers for each other?
Yes. With a correlation of -0.28, ASBP and CERT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and CERT?
The ASBP/CERT correlation stands at -0.28 on a 3-year window (1 year: -0.45, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is CERT a good diversifier for ASBP?
Yes. With a correlation of -0.28, ASBP and CERT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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/asbp-vs-cert.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-cert/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · CERT correlations
