ASBP vs PBH: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Prestige Consumer Healthcare Inc. (PBH) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and PBH?
Over the past 3 years, ASBP and PBH moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.25 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -10908.3 %².
By 3-year correlation, PBH places #41 of the 70 assets tracked against ASBP. Their recent paths diverged sharply: over the last 12 months PBH outperformed by 37.8 percentage points (-61.3% for ASBP against -23.5% for PBH). Risk is not evenly split, since ASBP carries 65.1 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 PBH: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | PBH (Prestige Consumer Healthcare Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -23.5% |
| 5-year return | -97.9% | -10.4% |
| Volatility (ann.) | 1699.4% | 26.1% |
| Beta vs S&P 500 | 0.59 | 0.33 |
| Max drawdown (3Y) | -100.0% | -49.0% |
| Market cap | – | $2.4B |
| P/E (trailing) | – | 14.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | PBH |
|---|---|---|
| 2022 | – | +3.2% |
| 2023 | +5.7% | -2.2% |
| 2024 | +5.6% | +27.6% |
| 2025 | -98.9% | -21.0% |
| 2026 | +56.4% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and PBH good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and PBH?
The ASBP/PBH correlation stands at -0.25 on a 3-year window (1 year: -0.39, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is PBH a good diversifier for ASBP?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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-pbh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-pbh/)
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Related comparisons
Hubs: ASBP correlations · PBH correlations
