ASBP vs REZI: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Resideo Technologies, Inc. (REZI) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and REZI?
Over the past 3 years, ASBP and REZI moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.34). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -27977.3 %².
Within ASBP's tracked universe of 70 assets, REZI comes in at #61 by 3-year correlation. Correlation aside, the last 12 months split them widely, with REZI ahead by 44.0 points (-61.3% versus -17.3%). Note the risk asymmetry: ASBP runs 34.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 REZI: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | REZI (Resideo Technologies, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -17.3% |
| 5-year return | -97.9% | -11.7% |
| Volatility (ann.) | 1699.4% | 48.9% |
| Beta vs S&P 500 | 0.59 | 1.58 |
| Max drawdown (3Y) | -100.0% | -47.1% |
| Market cap | – | $3.0B |
| P/E (trailing) | – | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | REZI |
|---|---|---|
| 2022 | – | -36.8% |
| 2023 | +5.7% | +14.4% |
| 2024 | +5.6% | +22.5% |
| 2025 | -98.9% | +52.4% |
| 2026 | +56.4% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and REZI good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and REZI?
As of 2026-08-27, the correlation of weekly returns between ASBP and REZI is -0.34 over 3 years, -0.49 over 1 year and -0.28 over 5 years.
Is REZI a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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-rezi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-rezi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASBP correlations · REZI correlations
