ASBP vs GRSD: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Grandstand Limited (GRSD) show a negative relationship: their 3-year correlation of weekly returns is -0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and GRSD?
On 3 years of weekly data the ASBP/GRSD correlation comes out at -0.49, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.65) than the 3-year average (-0.49). The 5-year figure is -0.42, and annualized covariance runs at -44034.0 %².
Among the 70 assets we track against ASBP, GRSD sits near the bottom by co-movement, at rank #70. Correlation aside, the last 12 months split them widely, with ASBP ahead by 17.1 points (-61.3% versus -78.4%). One caveat on sizing: ASBP is 32.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 GRSD: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | GRSD (Grandstand Limited) | |
|---|---|---|
| 1-year return | -61.3% | -78.4% |
| 5-year return | -97.9% | -85.5% |
| Volatility (ann.) | 1699.4% | 53.1% |
| Beta vs S&P 500 | 0.59 | 0.92 |
| Max drawdown (3Y) | -100.0% | -90.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | GRSD |
|---|---|---|
| 2022 | – | -9.9% |
| 2023 | +5.7% | +6.6% |
| 2024 | +5.6% | +44.4% |
| 2025 | -98.9% | -61.2% |
| 2026 | +56.4% | -66.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and GRSD good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and GRSD?
Using weekly returns as of 2026-08-27: -0.49 over 3 years, with -0.65 over the last year and -0.42 over 5 years.
Is GRSD a good diversifier for ASBP?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asbp-vs-grsd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asbp-vs-grsd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · GRSD correlations
