ASBP vs TRMB: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Trimble Inc. (TRMB) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and TRMB?
Over the past 3 years, ASBP and TRMB moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus -0.17 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -8944.3 %².
Among the 70 assets we track against ASBP, TRMB ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRMB outperformed by 36.2 percentage points (-61.3% for ASBP against -25.1% for TRMB). Risk is not evenly split, since ASBP carries 55.0 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 TRMB: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -25.1% |
| 5-year return | -97.9% | -35.7% |
| Volatility (ann.) | 1699.4% | 30.9% |
| Beta vs S&P 500 | 0.59 | 1.13 |
| Max drawdown (3Y) | -100.0% | -42.7% |
| Market cap | – | $14.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ASBP | TRMB |
|---|---|---|
| 2022 | – | -42.0% |
| 2023 | +5.7% | +5.2% |
| 2024 | +5.6% | +32.8% |
| 2025 | -98.9% | +10.9% |
| 2026 | +56.4% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and TRMB good diversifiers for each other?
Yes. With a correlation of -0.17, ASBP and TRMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and TRMB?
The ASBP/TRMB correlation stands at -0.17 on a 3-year window (1 year: -0.31, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for ASBP?
Yes. With a correlation of -0.17, ASBP and TRMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · TRMB correlations
