ASBP vs DOUG: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Douglas Elliman Inc. (DOUG) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and DOUG?
Over the past 3 years, ASBP and DOUG moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.19 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -24525.0 %².
Among the 70 assets we track against ASBP, DOUG ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DOUG outperformed by 31.2 percentage points (-61.3% for ASBP against -30.1% for DOUG). Note the risk asymmetry: ASBP runs 22.2 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 DOUG: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | DOUG (Douglas Elliman Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -30.1% |
| 5-year return | -97.9% | -83.0% |
| Volatility (ann.) | 1699.4% | 76.4% |
| Beta vs S&P 500 | 0.59 | 0.95 |
| Max drawdown (3Y) | -100.0% | -66.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 6.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | DOUG |
|---|---|---|
| 2022 | – | -63.2% |
| 2023 | +5.7% | -22.6% |
| 2024 | +5.6% | -43.4% |
| 2025 | -98.9% | +41.9% |
| 2026 | +56.4% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and DOUG good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and DOUG?
As of 2026-08-27, the correlation of weekly returns between ASBP and DOUG is -0.19 over 3 years, -0.41 over 1 year and -0.17 over 5 years.
Is DOUG a good diversifier for ASBP?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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-doug.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-doug/)
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Related comparisons
Hubs: ASBP correlations · DOUG correlations
