ASPS vs MP: Correlation
Altisource Portfolio Solutions S.A. (ASPS) and MP Materials Corp. (MP) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPS and MP?
Over the past 3 years, ASPS and MP moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 1966.3 %².
In ASPS's tracked universe of 17 assets, MP sits right near the top at #2. The last year tells two different stories: MP led by 35.1 percentage points, -52.4% for ASPS against -17.3% for MP.
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 MP: side by side
| ASPS (Altisource Portfolio Solutions S.A.) | MP (MP Materials Corp.) | |
|---|---|---|
| 1-year return | -52.4% | -17.3% |
| 5-year return | -93.2% | +76.6% |
| Volatility (ann.) | 85.7% | 69.3% |
| Beta vs S&P 500 | -0.36 | 0.90 |
| Max drawdown (3Y) | -88.8% | -61.4% |
| Market cap | $0.1B | $10.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASPS | MP |
|---|---|---|
| 2022 | -15.7% | -46.5% |
| 2023 | -62.4% | -18.2% |
| 2024 | -81.5% | -21.4% |
| 2025 | +31.6% | +223.8% |
| 2026 | -19.8% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPS and MP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASPS and MP?
The ASPS/MP correlation stands at 0.33 on a 3-year window (1 year: 0.31, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is MP a good diversifier for ASPS?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asps-vs-mp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asps-vs-mp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASPS correlations · MP correlations
