ASBP vs DMC: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Del Monte Corporation (DMC) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and DMC?
Over the past 3 years, ASBP and DMC moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.27). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -11567.2 %².
Among the 70 assets we track against ASBP, DMC ranks #45 by 3-year correlation. The last year tells two different stories: DMC led by 50.2 percentage points, -61.3% for ASBP against -11.1% for DMC. Note the risk asymmetry: ASBP runs 66.9 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 DMC: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | DMC (Del Monte Corporation) | |
|---|---|---|
| 1-year return | -61.3% | -11.1% |
| 5-year return | -97.9% | +13.3% |
| Volatility (ann.) | 1699.4% | 25.4% |
| Beta vs S&P 500 | 0.59 | -0.11 |
| Max drawdown (3Y) | -100.0% | -36.5% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | 44.2 |
| Dividend yield | 0.00% | 3.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | DMC |
|---|---|---|
| 2022 | – | -3.0% |
| 2023 | +5.7% | +3.1% |
| 2024 | +5.6% | +31.3% |
| 2025 | -98.9% | +11.1% |
| 2026 | +56.4% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and DMC good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and DMC?
As of 2026-08-27, the correlation of weekly returns between ASBP and DMC is -0.27 over 3 years, -0.41 over 1 year and -0.21 over 5 years.
Is DMC a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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 · DMC correlations
