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ASTC vs ATPC: Correlation

How closely do Astrotech Corporation (ASTC) and Agape ATP Corporation (ATPC) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.30
moderate
Correlation (1Y)
0.40
last 12 months
Correlation (5Y)
n/a
long-run
Ann. covariance
54642.8
%² · weekly, annualized

How correlated are ASTC and ATPC?

On 3 years of weekly data the ASTC/ATPC correlation comes out at 0.30, moderate. The past 12 months show a tighter link (0.40) than the 3-year average (0.30). The 5-year figure is n/a, and annualized covariance runs at 54642.8 %².

Among the 47 assets we track against ASTC, ATPC ranks #19 by 3-year correlation. The last year tells two different stories: ASTC led by 134.1 percentage points, +37.5% for ASTC against -96.6% for ATPC. Risk is not evenly split, since ASTC carries 8.0 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.

ASTC vs ATPC: side by side

ASTC (Astrotech Corporation)ATPC (Agape ATP Corporation)
1-year return+37.5%-96.6%
5-year return-78.4%n/a
Volatility (ann.)1206.9%151.3%
Beta vs S&P 5004.811.04
Max drawdown (3Y)-87.5%-100.0%
Market cap
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: ASTC -87.5% vs -100.0%
-97%0%+896%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. ASTC · ATPC

Year-by-year returns

YearASTCATPC
2022-51.0%
2023-15.0%
2024-20.8%-90.8%
2025-48.5%-90.9%
2026+105.8%-55.7%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are ASTC and ATPC good diversifiers for each other?

A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

FAQ

What is the correlation between ASTC and ATPC?

As of 2026-08-27, the correlation of weekly returns between ASTC and ATPC is 0.30 over 3 years, 0.40 over 1 year and n/a over 5 years.

Is ATPC a good diversifier for ASTC?

A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

What does a correlation of 0.30 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.

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ASTC vs ATPC: 3-year weekly correlation 0.30ASTC vs ATPC0.30

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Related comparisons

Hubs: ASTC correlations · ATPC correlations