ASND vs CTRI: Correlation
Measured on weekly returns over the past three years, Ascendis Pharma A/S (ASND) and Centuri Holdings, Inc. (CTRI) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASND and CTRI?
Over the past 3 years, ASND and CTRI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.26 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -512.6 %².
Among the 11 assets we track against ASND, CTRI sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with ASND ahead by 25.7 points (+29.2% versus +3.5%).
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.
ASND vs CTRI: side by side
| ASND (Ascendis Pharma A/S) | CTRI (Centuri Holdings, Inc.) | |
|---|---|---|
| 1-year return | +29.2% | +3.5% |
| 5-year return | +61.6% | n/a |
| Volatility (ann.) | 40.2% | 48.1% |
| Beta vs S&P 500 | 0.69 | 0.97 |
| Max drawdown (3Y) | -29.2% | -50.3% |
| Market cap | $16.4B | $2.1B |
| P/E (trailing) | 19.1 | 64.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASND | CTRI |
|---|---|---|
| 2022 | -9.2% | – |
| 2023 | +3.1% | – |
| 2024 | +9.3% | – |
| 2025 | +54.9% | +30.8% |
| 2026 | +16.9% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASND and CTRI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASND and CTRI?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.22 over the last year and n/a over 5 years.
Is CTRI a good diversifier for ASND?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/asnd-vs-ctri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asnd-vs-ctri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASND correlations · CTRI correlations
