ASBP vs CRL: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Charles River Laboratories (CRL) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and CRL?
Over the past 3 years, ASBP and CRL moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -15014.7 %².
Among the 70 assets we track against ASBP, CRL ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRL ahead by 143.4 points (-61.3% versus +82.1%). Note the risk asymmetry: ASBP runs 35.5 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.
ASBP vs CRL: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | CRL (Charles River Laboratories) | |
|---|---|---|
| 1-year return | -61.3% | +82.1% |
| 5-year return | -97.9% | -33.3% |
| Volatility (ann.) | 1699.4% | 47.9% |
| Beta vs S&P 500 | 0.59 | 0.92 |
| Max drawdown (3Y) | -100.0% | -63.5% |
| Market cap | – | $14.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ASBP | CRL |
|---|---|---|
| 2022 | – | -42.2% |
| 2023 | +5.7% | +8.5% |
| 2024 | +5.6% | -21.9% |
| 2025 | -98.9% | +8.1% |
| 2026 | +56.4% | +48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and CRL good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and CRL?
The ASBP/CRL correlation stands at -0.18 on a 3-year window (1 year: -0.31, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is CRL a good diversifier for ASBP?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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/asbp-vs-crl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-crl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · CRL correlations
