ASPS vs SPWH: Correlation
Altisource Portfolio Solutions S.A. (ASPS) and Sportsman's Warehouse Holdings, Inc. (SPWH) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPS and SPWH?
On 3 years of weekly data the ASPS/SPWH correlation comes out at 0.29, weak. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.29). The 5-year figure is 0.24, and annualized covariance runs at 2040.3 %².
Among the 17 assets we track against ASPS, SPWH ranks #5 by 3-year correlation. Over the last 12 months ASPS came out ahead by 5.7 percentage points (-52.4% against -58.1%).
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 SPWH: side by side
| ASPS (Altisource Portfolio Solutions S.A.) | SPWH (Sportsman's Warehouse Holdings, Inc.) | |
|---|---|---|
| 1-year return | -52.4% | -58.1% |
| 5-year return | -93.2% | -93.6% |
| Volatility (ann.) | 85.7% | 83.1% |
| Beta vs S&P 500 | -0.36 | 0.37 |
| Max drawdown (3Y) | -88.8% | -82.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASPS | SPWH |
|---|---|---|
| 2022 | -15.7% | -20.3% |
| 2023 | -62.4% | -54.7% |
| 2024 | -81.5% | -37.3% |
| 2025 | +31.6% | -45.3% |
| 2026 | -19.8% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPS and SPWH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASPS and SPWH?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.13 over the last year and 0.24 over 5 years.
Is SPWH a good diversifier for ASPS?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asps-vs-spwh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asps-vs-spwh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASPS correlations · SPWH correlations
