ASST vs PRAA: Correlation
Strive, Inc. (ASST) and PRA Group, Inc. (PRAA) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and PRAA?
Across a 3-year window, the weekly returns of ASST and PRAA correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.26 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -11748.8 %².
Within ASST's tracked universe of 58 assets, PRAA comes in at #37 by 3-year correlation. The last year tells two different stories: PRAA led by 93.3 percentage points, -80.4% for ASST against +12.9% for PRAA. Note the risk asymmetry: ASST runs 11.7 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.
ASST vs PRAA: side by side
| ASST (Strive, Inc.) | PRAA (PRA Group, Inc.) | |
|---|---|---|
| 1-year return | -80.4% | +12.9% |
| 5-year return | n/a | -53.3% |
| Volatility (ann.) | 723.1% | 62.0% |
| Beta vs S&P 500 | -1.01 | 1.15 |
| Max drawdown (3Y) | -97.2% | -62.8% |
| Market cap | $2.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | PRAA |
|---|---|---|
| 2022 | – | -32.7% |
| 2023 | – | -22.4% |
| 2024 | -84.6% | -20.3% |
| 2025 | +50.3% | -15.3% |
| 2026 | +56.6% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and PRAA good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASST and PRAA?
As of 2026-08-27, the correlation of weekly returns between ASST and PRAA is -0.26 over 3 years, 0.02 over 1 year and n/a over 5 years.
Is PRAA a good diversifier for ASST?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/asst-vs-praa.json
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Related comparisons
Hubs: ASST correlations · PRAA correlations
