ASBP vs MDXH: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and MDxHealth SA (MDXH) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and MDXH?
On 3 years of weekly data the ASBP/MDXH correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.36 over 3 years. The 5-year figure is -0.32, and annualized covariance runs at -53411.2 %².
Among the 70 assets we track against ASBP, MDXH ranks #64 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASBP outperformed by 18.6 percentage points (-61.3% for ASBP against -79.9% for MDXH). Risk is not evenly split, since ASBP carries 19.6 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 MDXH: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | MDXH (MDxHealth SA) | |
|---|---|---|
| 1-year return | -61.3% | -79.9% |
| 5-year return | -97.9% | -94.0% |
| Volatility (ann.) | 1699.4% | 86.5% |
| Beta vs S&P 500 | 0.59 | 1.97 |
| Max drawdown (3Y) | -100.0% | -92.0% |
| 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 | MDXH |
|---|---|---|
| 2022 | – | -30.6% |
| 2023 | +5.7% | -40.4% |
| 2024 | +5.6% | -39.8% |
| 2025 | -98.9% | +50.6% |
| 2026 | +56.4% | -79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and MDXH good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and MDXH?
As of 2026-08-27, the correlation of weekly returns between ASBP and MDXH is -0.36 over 3 years, -0.47 over 1 year and -0.32 over 5 years.
Is MDXH a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
A reading of -0.36 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-mdxh.json
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[](https://www.pairbook.io/pair/asbp-vs-mdxh/)
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Related comparisons
Hubs: ASBP correlations · MDXH correlations
