ASBP vs CSAN: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Cosan S.A. (CSAN) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and CSAN?
On 3 years of weekly data the ASBP/CSAN correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.22 over 3. The 5-year figure is -0.18, and annualized covariance runs at -16809.8 %².
By 3-year correlation, CSAN places #33 of the 70 assets tracked against ASBP. The last year tells two different stories: CSAN led by 29.3 percentage points, -61.3% for ASBP against -32.0% for CSAN. Note the risk asymmetry: ASBP runs 38.1 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 CSAN: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | CSAN (Cosan S.A.) | |
|---|---|---|
| 1-year return | -61.3% | -32.0% |
| 5-year return | -97.9% | -81.8% |
| Volatility (ann.) | 1699.4% | 44.6% |
| Beta vs S&P 500 | 0.59 | 0.59 |
| Max drawdown (3Y) | -100.0% | -84.7% |
| Market cap | – | $2.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | CSAN |
|---|---|---|
| 2022 | – | -14.6% |
| 2023 | +5.7% | +23.2% |
| 2024 | +5.6% | -64.0% |
| 2025 | -98.9% | -27.4% |
| 2026 | +56.4% | -29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and CSAN good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and CSAN?
As of 2026-08-27, the correlation of weekly returns between ASBP and CSAN is -0.22 over 3 years, -0.31 over 1 year and -0.18 over 5 years.
Is CSAN a good diversifier for ASBP?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: ASBP correlations · CSAN correlations
