ASC vs VBIO: Correlation
Measured on weekly returns over the past three years, Ardmore Shipping Corporation (ASC) and Valion Bio, Inc. (VBIO) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASC and VBIO?
On 3 years of weekly data the ASC/VBIO correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.27 over 3. The 5-year figure is -0.12, and annualized covariance runs at -1524.8 %².
VBIO is close to the least connected end of ASC's tracked universe, ranking #14 of 14. Correlation aside, the last 12 months split them widely, with ASC ahead by 154.0 points (+58.0% versus -96.0%). One caveat on sizing: VBIO is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VBIO: side by side
| ASC (Ardmore Shipping Corporation) | VBIO (Valion Bio, Inc.) | |
|---|---|---|
| 1-year return | +58.0% | -96.0% |
| 5-year return | +514.4% | -100.0% |
| Volatility (ann.) | 38.9% | 147.8% |
| Beta vs S&P 500 | 0.31 | 1.27 |
| Max drawdown (3Y) | -61.4% | -99.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 6.9 | – |
| Dividend yield | 8.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASC | VBIO |
|---|---|---|
| 2022 | +326.3% | -83.5% |
| 2023 | +5.8% | -97.2% |
| 2024 | -8.2% | -80.8% |
| 2025 | -11.1% | -75.3% |
| 2026 | +71.7% | -91.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASC and VBIO good diversifiers for each other?
Yes. With a correlation of -0.27, ASC and VBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASC and VBIO?
As of 2026-08-27, the correlation of weekly returns between ASC and VBIO is -0.27 over 3 years, -0.21 over 1 year and -0.12 over 5 years.
Is VBIO a good diversifier for ASC?
Yes. With a correlation of -0.27, ASC and VBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asc-vs-vbio.json
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Related comparisons
Hubs: ASC correlations · VBIO correlations
