ASPS vs HUBB: Correlation
Altisource Portfolio Solutions S.A. (ASPS) and Hubbell Incorporated (HUBB) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPS and HUBB?
Across a 3-year window, the weekly returns of ASPS and HUBB correlate at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of -404.5 %².
By 3-year correlation, HUBB places #10 of the 17 assets tracked against ASPS. Correlation aside, the last 12 months split them widely, with HUBB ahead by 59.1 points (-52.4% versus +6.7%). Note the risk asymmetry: ASPS runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HUBB: side by side
| ASPS (Altisource Portfolio Solutions S.A.) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | -52.4% | +6.7% |
| 5-year return | -93.2% | +142.6% |
| Volatility (ann.) | 85.7% | 28.3% |
| Beta vs S&P 500 | -0.36 | 1.10 |
| Max drawdown (3Y) | -88.8% | -32.6% |
| Market cap | $0.1B | $24.8B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 1.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ASPS | HUBB |
|---|---|---|
| 2022 | -15.7% | +15.1% |
| 2023 | -62.4% | +42.4% |
| 2024 | -81.5% | +28.9% |
| 2025 | +31.6% | +7.4% |
| 2026 | -19.8% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPS and HUBB good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASPS and HUBB?
As of 2026-08-27, the correlation of weekly returns between ASPS and HUBB is -0.17 over 3 years, -0.13 over 1 year and -0.03 over 5 years.
Is HUBB a good diversifier for ASPS?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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-hubb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asps-vs-hubb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASPS correlations · HUBB correlations
