ASPS vs CRGO: Correlation
Altisource Portfolio Solutions S.A. (ASPS) and Freightos Limited (CRGO) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPS and CRGO?
On 3 years of weekly data the ASPS/CRGO correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -1880.3 %².
Among the 17 assets we track against ASPS, CRGO sits near the bottom by co-movement, at rank #16. Over the last 12 months ASPS came out ahead by 9.3 percentage points (-52.4% against -61.7%).
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 CRGO: side by side
| ASPS (Altisource Portfolio Solutions S.A.) | CRGO (Freightos Limited) | |
|---|---|---|
| 1-year return | -52.4% | -61.7% |
| 5-year return | -93.2% | -86.7% |
| Volatility (ann.) | 85.7% | 82.7% |
| Beta vs S&P 500 | -0.36 | 1.79 |
| Max drawdown (3Y) | -88.8% | -72.6% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASPS | CRGO |
|---|---|---|
| 2022 | -15.7% | +4.2% |
| 2023 | -62.4% | -67.3% |
| 2024 | -81.5% | -8.4% |
| 2025 | +31.6% | -25.2% |
| 2026 | -19.8% | -43.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPS and CRGO good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASPS and CRGO?
The ASPS/CRGO correlation stands at -0.27 on a 3-year window (1 year: -0.33, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is CRGO a good diversifier for ASPS?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: ASPS correlations · CRGO correlations
