ASBP vs OMC: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Omnicom Group (OMC) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and OMC?
Over the past 3 years, ASBP and OMC moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -7720.6 %².
Within ASBP's tracked universe of 70 assets, OMC comes in at #21 by 3-year correlation. The last year tells two different stories: OMC led by 77.8 percentage points, -61.3% for ASBP against +16.5% for OMC. One caveat on sizing: ASBP is 60.7 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 OMC: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | OMC (Omnicom Group) | |
|---|---|---|
| 1-year return | -61.3% | +16.5% |
| 5-year return | -97.9% | +45.6% |
| Volatility (ann.) | 1699.4% | 28.0% |
| Beta vs S&P 500 | 0.59 | 0.76 |
| Max drawdown (3Y) | -100.0% | -33.3% |
| Market cap | – | $24.1B |
| P/E (trailing) | – | 237.5 |
| Dividend yield | 0.00% | 3.53% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ASBP | OMC |
|---|---|---|
| 2022 | – | +15.7% |
| 2023 | +5.7% | +9.6% |
| 2024 | +5.6% | +2.5% |
| 2025 | -98.9% | -2.6% |
| 2026 | +56.4% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and OMC good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and OMC?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.25 over the last year and -0.14 over 5 years.
Is OMC a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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-omc.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASBP correlations · OMC correlations
