ASBP vs JOUT: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Johnson Outdoors Inc. (JOUT) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and JOUT?
On 3 years of weekly data the ASBP/JOUT correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.61) than the 3-year average (-0.34). The 5-year figure is -0.28, and annualized covariance runs at -19734.4 %².
By 3-year correlation, JOUT places #60 of the 70 assets tracked against ASBP. Correlation aside, the last 12 months split them widely, with JOUT ahead by 75.8 points (-61.3% versus +14.5%). Risk is not evenly split, since ASBP carries 49.4 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 JOUT: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | JOUT (Johnson Outdoors Inc.) | |
|---|---|---|
| 1-year return | -61.3% | +14.5% |
| 5-year return | -97.9% | -55.0% |
| Volatility (ann.) | 1699.4% | 34.4% |
| Beta vs S&P 500 | 0.59 | 0.57 |
| Max drawdown (3Y) | -100.0% | -59.4% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | JOUT |
|---|---|---|
| 2022 | – | -28.1% |
| 2023 | +5.7% | -17.5% |
| 2024 | +5.6% | -36.1% |
| 2025 | -98.9% | +34.1% |
| 2026 | +56.4% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and JOUT good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and JOUT?
The ASBP/JOUT correlation stands at -0.34 on a 3-year window (1 year: -0.61, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is JOUT a good diversifier for ASBP?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
A reading of -0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asbp-vs-jout.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-jout/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASBP correlations · JOUT correlations
