ASBP vs IDN: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Intellicheck, Inc. (IDN) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and IDN?
Across a 3-year window, the weekly returns of ASBP and IDN correlate at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.30). Stretching to 5 years gives -0.28, with an annualized covariance of -44172.2 %².
Among the 70 assets we track against ASBP, IDN ranks #55 by 3-year correlation. Over the last 12 months IDN came out ahead by 14.7 percentage points (-61.3% against -46.6%). Risk is not evenly split, since ASBP carries 19.9 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 IDN: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | IDN (Intellicheck, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -46.6% |
| 5-year return | -97.9% | -67.2% |
| Volatility (ann.) | 1699.4% | 85.3% |
| Beta vs S&P 500 | 0.59 | 1.75 |
| Max drawdown (3Y) | -100.0% | -68.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | IDN |
|---|---|---|
| 2022 | – | -56.7% |
| 2023 | +5.7% | -5.0% |
| 2024 | +5.6% | +47.4% |
| 2025 | -98.9% | +138.6% |
| 2026 | +56.4% | -57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and IDN good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and IDN?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.49 over the last year and -0.28 over 5 years.
Is IDN a good diversifier for ASBP?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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-idn.json
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Related comparisons
Hubs: ASBP correlations · IDN correlations
