ASR vs STTK: Correlation
Measured on weekly returns over the past three years, Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) and Shattuck Labs, Inc. (STTK) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASR and STTK?
Over the past 3 years, ASR and STTK moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.42 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1960.6 %².
Within ASR's tracked universe of 13 assets, STTK comes in at #8 by 3-year correlation. The last year tells two different stories: STTK led by 684.4 percentage points, -19.4% for ASR against +665.0% for STTK. Risk is not evenly split, since STTK carries 4.5 times the volatility of the other side.
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.
ASR vs STTK: side by side
| ASR (Grupo Aeroportuario del Sureste, S.A. de C.V.) | STTK (Shattuck Labs, Inc.) | |
|---|---|---|
| 1-year return | -19.4% | +665.0% |
| 5-year return | +83.2% | -63.7% |
| Volatility (ann.) | 32.3% | 145.0% |
| Beta vs S&P 500 | 0.77 | 2.32 |
| Max drawdown (3Y) | -31.1% | -93.5% |
| Market cap | – | $0.8B |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 3.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASR | STTK |
|---|---|---|
| 2022 | +17.0% | -73.0% |
| 2023 | +32.1% | +210.0% |
| 2024 | -9.2% | -83.0% |
| 2025 | +35.6% | +201.7% |
| 2026 | -18.1% | +109.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASR and STTK good diversifiers for each other?
Reasonably. At 0.42, ASR and STTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASR and STTK?
The ASR/STTK correlation stands at 0.42 on a 3-year window (1 year: 0.03, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is STTK a good diversifier for ASR?
Reasonably. At 0.42, ASR and STTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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/asr-vs-sttk.json
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Related comparisons
Hubs: ASR correlations · STTK correlations
