ASC vs FRPH: Correlation
How closely do Ardmore Shipping Corporation (ASC) and FRP Holdings, Inc. (FRPH) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASC and FRPH?
Over the past 3 years, ASC and FRPH moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.18 over 3. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -141.9 %².
FRPH is close to the least connected end of ASC's tracked universe, ranking #10 of 14. The last year tells two different stories: ASC led by 71.9 percentage points, +58.0% for ASC against -13.9% for FRPH. Risk is not evenly split, since ASC carries 1.9 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.
ASC vs FRPH: side by side
| ASC (Ardmore Shipping Corporation) | FRPH (FRP Holdings, Inc.) | |
|---|---|---|
| 1-year return | +58.0% | -13.9% |
| 5-year return | +514.4% | -22.9% |
| Volatility (ann.) | 38.9% | 20.1% |
| Beta vs S&P 500 | 0.31 | 0.38 |
| Max drawdown (3Y) | -61.4% | -36.2% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 6.9 | 2223.0 |
| Dividend yield | 8.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASC | FRPH |
|---|---|---|
| 2022 | +326.3% | -6.8% |
| 2023 | +5.8% | +16.7% |
| 2024 | -8.2% | -2.6% |
| 2025 | -11.1% | -25.6% |
| 2026 | +71.7% | -2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASC and FRPH good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASC and FRPH?
As of 2026-08-27, the correlation of weekly returns between ASC and FRPH is -0.18 over 3 years, -0.16 over 1 year and -0.04 over 5 years.
Is FRPH a good diversifier for ASC?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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
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Related comparisons
Hubs: ASC correlations · FRPH correlations
