ASPS vs ONCY: Correlation
Altisource Portfolio Solutions S.A. (ASPS) and Oncolytics Biotech Inc. (ONCY) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPS and ONCY?
On 3 years of weekly data the ASPS/ONCY correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.41). The 5-year figure is 0.31, and annualized covariance runs at 2856.3 %².
In ASPS's tracked universe of 17 assets, ONCY sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months ONCY outperformed by 32.6 percentage points (-52.4% for ASPS against -19.8% for ONCY).
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 ONCY: side by side
| ASPS (Altisource Portfolio Solutions S.A.) | ONCY (Oncolytics Biotech Inc.) | |
|---|---|---|
| 1-year return | -52.4% | -19.8% |
| 5-year return | -93.2% | -61.2% |
| Volatility (ann.) | 85.7% | 80.8% |
| Beta vs S&P 500 | -0.36 | 1.15 |
| Max drawdown (3Y) | -88.8% | -86.2% |
| 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 | ONCY |
|---|---|---|
| 2022 | -15.7% | +17.3% |
| 2023 | -62.4% | -17.2% |
| 2024 | -81.5% | -32.6% |
| 2025 | +31.6% | -4.4% |
| 2026 | -19.8% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPS and ONCY good diversifiers for each other?
Reasonably. At 0.41, ASPS and ONCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASPS and ONCY?
As of 2026-08-27, the correlation of weekly returns between ASPS and ONCY is 0.41 over 3 years, 0.29 over 1 year and 0.31 over 5 years.
Is ONCY a good diversifier for ASPS?
Reasonably. At 0.41, ASPS and ONCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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-oncy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asps-vs-oncy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASPS correlations · ONCY correlations
