ASBP vs CTEV: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Claritev Corporation (CTEV) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and CTEV?
Across a 3-year window, the weekly returns of ASBP and CTEV correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.17 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -48091.3 %².
Within ASBP's tracked universe of 70 assets, CTEV comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTEV ahead by 15.3 points (-61.3% versus -46.0%). One caveat on sizing: ASBP is 10.5 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 CTEV: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | CTEV (Claritev Corporation) | |
|---|---|---|
| 1-year return | -61.3% | -46.0% |
| 5-year return | -97.9% | -83.9% |
| Volatility (ann.) | 1699.4% | 161.9% |
| Beta vs S&P 500 | 0.59 | 1.96 |
| Max drawdown (3Y) | -100.0% | -93.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | CTEV |
|---|---|---|
| 2022 | – | -74.0% |
| 2023 | +5.7% | +25.2% |
| 2024 | +5.6% | -74.3% |
| 2025 | -98.9% | +189.2% |
| 2026 | +56.4% | -9.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and CTEV good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and CTEV?
As of 2026-08-27, the correlation of weekly returns between ASBP and CTEV is -0.17 over 3 years, -0.36 over 1 year and -0.16 over 5 years.
Is CTEV a good diversifier for ASBP?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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-ctev.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asbp-vs-ctev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · CTEV correlations
