ASBP vs CNDT: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Conduent Incorporated (CNDT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and CNDT?
Across a 3-year window, the weekly returns of ASBP and CNDT correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -20055.2 %².
By 3-year correlation, CNDT places #30 of the 70 assets tracked against ASBP. Their recent paths diverged sharply: over the last 12 months CNDT outperformed by 22.4 percentage points (-61.3% for ASBP against -38.9% for CNDT). Risk is not evenly split, since ASBP carries 28.6 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.
ASBP vs CNDT: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | CNDT (Conduent Incorporated) | |
|---|---|---|
| 1-year return | -61.3% | -38.9% |
| 5-year return | -97.9% | -75.2% |
| Volatility (ann.) | 1699.4% | 59.4% |
| Beta vs S&P 500 | 0.59 | 1.11 |
| Max drawdown (3Y) | -100.0% | -73.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | CNDT |
|---|---|---|
| 2022 | – | -24.2% |
| 2023 | +5.7% | -9.9% |
| 2024 | +5.6% | +10.7% |
| 2025 | -98.9% | -52.5% |
| 2026 | +56.4% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and CNDT good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and CNDT?
The ASBP/CNDT correlation stands at -0.20 on a 3-year window (1 year: -0.29, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is CNDT a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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
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Related comparisons
Hubs: ASBP correlations · CNDT correlations
