ASBP vs FLO: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Flowers Foods, Inc. (FLO) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and FLO?
Over the past 3 years, ASBP and FLO moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -14013.2 %².
Within ASBP's tracked universe of 70 assets, FLO comes in at #56 by 3-year correlation. Over the last 12 months FLO came out ahead by 11.6 percentage points (-61.3% against -49.7%). Risk is not evenly split, since ASBP carries 63.4 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 FLO: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | FLO (Flowers Foods, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -49.7% |
| 5-year return | -97.9% | -63.2% |
| Volatility (ann.) | 1699.4% | 26.8% |
| Beta vs S&P 500 | 0.59 | 0.20 |
| Max drawdown (3Y) | -100.0% | -68.8% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | 26.8 |
| Dividend yield | 0.00% | 13.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | FLO |
|---|---|---|
| 2022 | – | +8.0% |
| 2023 | +5.7% | -18.6% |
| 2024 | +5.6% | -4.3% |
| 2025 | -98.9% | -43.6% |
| 2026 | +56.4% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and FLO good diversifiers for each other?
Yes. With a correlation of -0.31, ASBP and FLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and FLO?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.39 over the last year and -0.27 over 5 years.
Is FLO a good diversifier for ASBP?
Yes. With a correlation of -0.31, ASBP and FLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ASBP correlations · FLO correlations
