ASBP vs RCMT: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and RCM Technologies, Inc. (RCMT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and RCMT?
On 3 years of weekly data the ASBP/RCMT correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.23 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -19621.1 %².
Among the 70 assets we track against ASBP, RCMT ranks #36 by 3-year correlation. The last year tells two different stories: RCMT led by 118.2 percentage points, -61.3% for ASBP against +56.9% for RCMT. Risk is not evenly split, since ASBP carries 34.6 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 RCMT: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | RCMT (RCM Technologies, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | +56.9% |
| 5-year return | -97.9% | +698.6% |
| Volatility (ann.) | 1699.4% | 49.1% |
| Beta vs S&P 500 | 0.59 | 0.94 |
| Max drawdown (3Y) | -100.0% | -53.1% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 17.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | RCMT |
|---|---|---|
| 2022 | – | +73.3% |
| 2023 | +5.7% | +135.3% |
| 2024 | +5.6% | -23.7% |
| 2025 | -98.9% | -7.7% |
| 2026 | +56.4% | +100.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and RCMT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and RCMT?
The ASBP/RCMT correlation stands at -0.23 on a 3-year window (1 year: -0.34, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is RCMT a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: ASBP correlations · RCMT correlations
