ASBP vs LKQ: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and LKQ Corporation (LKQ) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and LKQ?
On 3 years of weekly data the ASBP/LKQ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.27). The 5-year figure is -0.24, and annualized covariance runs at -14410.4 %².
Among the 70 assets we track against ASBP, LKQ ranks #47 by 3-year correlation. The last year tells two different stories: LKQ led by 43.8 percentage points, -61.3% for ASBP against -17.5% for LKQ. Note the risk asymmetry: ASBP runs 54.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 LKQ: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | LKQ (LKQ Corporation) | |
|---|---|---|
| 1-year return | -61.3% | -17.5% |
| 5-year return | -97.9% | -43.9% |
| Volatility (ann.) | 1699.4% | 31.2% |
| Beta vs S&P 500 | 0.59 | 0.57 |
| Max drawdown (3Y) | -100.0% | -54.6% |
| Market cap | – | $6.4B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 4.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | LKQ |
|---|---|---|
| 2022 | – | -9.2% |
| 2023 | +5.7% | -8.6% |
| 2024 | +5.6% | -20.9% |
| 2025 | -98.9% | -15.0% |
| 2026 | +56.4% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and LKQ good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and LKQ?
As of 2026-08-27, the correlation of weekly returns between ASBP and LKQ is -0.27 over 3 years, -0.38 over 1 year and -0.24 over 5 years.
Is LKQ a good diversifier for ASBP?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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-lkq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-lkq/)
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Related comparisons
Hubs: ASBP correlations · LKQ correlations
