ASPS vs CHE: Correlation
How closely do Altisource Portfolio Solutions S.A. (ASPS) and Chemed Corp (CHE) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPS and CHE?
On 3 years of weekly data the ASPS/CHE correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.28). The 5-year figure is -0.20, and annualized covariance runs at -621.0 %².
Among the 17 assets we track against ASPS, CHE sits near the bottom by co-movement, at rank #17. The last year tells two different stories: CHE led by 67.3 percentage points, -52.4% for ASPS against +14.9% for CHE. One caveat on sizing: ASPS is 3.3 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.
ASPS vs CHE: side by side
| ASPS (Altisource Portfolio Solutions S.A.) | CHE (Chemed Corp) | |
|---|---|---|
| 1-year return | -52.4% | +14.9% |
| 5-year return | -93.2% | +12.2% |
| Volatility (ann.) | 85.7% | 26.0% |
| Beta vs S&P 500 | -0.36 | 0.21 |
| Max drawdown (3Y) | -88.8% | -42.9% |
| Market cap | $0.1B | $6.8B |
| P/E (trailing) | – | 27.6 |
| Dividend yield | 0.00% | 0.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASPS | CHE |
|---|---|---|
| 2022 | -15.7% | -3.2% |
| 2023 | -62.4% | +14.9% |
| 2024 | -81.5% | -9.1% |
| 2025 | +31.6% | -18.9% |
| 2026 | -19.8% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPS and CHE good diversifiers for each other?
Yes. With a correlation of -0.28, ASPS and CHE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASPS and CHE?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.44 over the last year and -0.20 over 5 years.
Is CHE a good diversifier for ASPS?
Yes. With a correlation of -0.28, ASPS and CHE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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/asps-vs-che.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asps-vs-che/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASPS correlations · CHE correlations
