ASBP vs NABL: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and N-able, Inc. (NABL) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and NABL?
On 3 years of weekly data the ASBP/NABL correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. The 5-year figure is -0.28, and annualized covariance runs at -26989.8 %².
Among the 70 assets we track against ASBP, NABL ranks #58 by 3-year correlation. Over the last 12 months NABL came out ahead by 10.8 percentage points (-61.3% against -50.5%). One caveat on sizing: ASBP is 34.5 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 NABL: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | NABL (N-able, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -50.5% |
| 5-year return | -97.9% | -69.9% |
| Volatility (ann.) | 1699.4% | 49.3% |
| Beta vs S&P 500 | 0.59 | 0.78 |
| Max drawdown (3Y) | -100.0% | -80.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | NABL |
|---|---|---|
| 2022 | – | -7.4% |
| 2023 | +5.7% | +28.9% |
| 2024 | +5.6% | -29.5% |
| 2025 | -98.9% | -19.9% |
| 2026 | +56.4% | -47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and NABL good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and NABL?
As of 2026-08-27, the correlation of weekly returns between ASBP and NABL is -0.32 over 3 years, -0.39 over 1 year and -0.28 over 5 years.
Is NABL a good diversifier for ASBP?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASBP correlations · NABL correlations
