ASBP vs CXT: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Crane NXT, Co. (CXT) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and CXT?
Over the past 3 years, ASBP and CXT moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -14914.4 %².
By 3-year correlation, CXT places #40 of the 70 assets tracked against ASBP. Correlation aside, the last 12 months split them widely, with CXT ahead by 43.9 points (-61.3% versus -17.4%). Note the risk asymmetry: ASBP runs 47.6 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 CXT: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | CXT (Crane NXT, Co.) | |
|---|---|---|
| 1-year return | -61.3% | -17.4% |
| 5-year return | -97.9% | +48.9% |
| Volatility (ann.) | 1699.4% | 35.7% |
| Beta vs S&P 500 | 0.59 | 0.98 |
| Max drawdown (3Y) | -100.0% | -47.0% |
| Market cap | – | $2.9B |
| P/E (trailing) | – | 20.5 |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | CXT |
|---|---|---|
| 2022 | – | +0.6% |
| 2023 | +5.7% | +64.9% |
| 2024 | +5.6% | +3.5% |
| 2025 | -98.9% | -18.2% |
| 2026 | +56.4% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and CXT good diversifiers for each other?
Yes. With a correlation of -0.25, ASBP and CXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and CXT?
The ASBP/CXT correlation stands at -0.25 on a 3-year window (1 year: -0.35, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is CXT a good diversifier for ASBP?
Yes. With a correlation of -0.25, ASBP and CXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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-cxt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asbp-vs-cxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · CXT correlations
