ASBP vs GOOS: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and GOOS?
On 3 years of weekly data the ASBP/GOOS correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.23). The 5-year figure is -0.19, and annualized covariance runs at -18517.4 %².
Among the 70 assets we track against ASBP, GOOS ranks #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GOOS ahead by 18.6 points (-61.3% versus -42.7%). Risk is not evenly split, since ASBP carries 36.5 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 GOOS: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | GOOS (Canada Goose Holdings Inc. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -61.3% | -42.7% |
| 5-year return | -97.9% | -79.0% |
| Volatility (ann.) | 1699.4% | 46.5% |
| Beta vs S&P 500 | 0.59 | 0.88 |
| Max drawdown (3Y) | -100.0% | -57.7% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | GOOS |
|---|---|---|
| 2022 | – | -51.9% |
| 2023 | +5.7% | -33.5% |
| 2024 | +5.6% | -15.4% |
| 2025 | -98.9% | +29.1% |
| 2026 | +56.4% | -37.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and GOOS good diversifiers for each other?
Yes. With a correlation of -0.23, ASBP and GOOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and GOOS?
As of 2026-08-27, the correlation of weekly returns between ASBP and GOOS is -0.23 over 3 years, -0.48 over 1 year and -0.19 over 5 years.
Is GOOS a good diversifier for ASBP?
Yes. With a correlation of -0.23, ASBP and GOOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASBP correlations · GOOS correlations
