ASBP vs FCN: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and FTI Consulting, Inc. (FCN) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and FCN?
Across a 3-year window, the weekly returns of ASBP and FCN correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.26). Stretching to 5 years gives -0.21, with an annualized covariance of -11993.2 %².
Among the 70 assets we track against ASBP, FCN ranks #42 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FCN ahead by 50.7 points (-61.3% versus -10.6%). Risk is not evenly split, since ASBP carries 62.9 times the volatility of the other side.
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 FCN: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | FCN (FTI Consulting, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -10.6% |
| 5-year return | -97.9% | +7.8% |
| Volatility (ann.) | 1699.4% | 27.0% |
| Beta vs S&P 500 | 0.59 | 0.18 |
| Max drawdown (3Y) | -100.0% | -39.2% |
| Market cap | – | $4.2B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | FCN |
|---|---|---|
| 2022 | – | +3.5% |
| 2023 | +5.7% | +25.4% |
| 2024 | +5.6% | -4.0% |
| 2025 | -98.9% | -10.6% |
| 2026 | +56.4% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and FCN good diversifiers for each other?
Yes. With a correlation of -0.26, ASBP and FCN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and FCN?
As of 2026-08-27, the correlation of weekly returns between ASBP and FCN is -0.26 over 3 years, -0.44 over 1 year and -0.21 over 5 years.
Is FCN a good diversifier for ASBP?
Yes. With a correlation of -0.26, ASBP and FCN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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 · FCN correlations
