ASTC vs CPSH: Correlation
How closely do Astrotech Corporation (ASTC) and CPS Technologies Corp. (CPSH) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and CPSH?
Across a 3-year window, the weekly returns of ASTC and CPSH correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.38 over 3. Stretching to 5 years gives 0.31, with an annualized covariance of 35576.6 %².
By 3-year correlation, CPSH places #14 of the 47 assets tracked against ASTC. The last year tells two different stories: ASTC led by 22.2 percentage points, +37.5% for ASTC against +15.3% for CPSH. Risk is not evenly split, since ASTC carries 15.4 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 CPSH: side by side
| ASTC (Astrotech Corporation) | CPSH (CPS Technologies Corp.) | |
|---|---|---|
| 1-year return | +37.5% | +15.3% |
| 5-year return | -78.4% | -32.8% |
| Volatility (ann.) | 1206.9% | 78.3% |
| Beta vs S&P 500 | 4.81 | 0.50 |
| Max drawdown (3Y) | -87.5% | -69.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 392.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | CPSH |
|---|---|---|
| 2022 | -51.0% | -29.0% |
| 2023 | -15.0% | -12.6% |
| 2024 | -20.8% | -31.5% |
| 2025 | -48.5% | +91.9% |
| 2026 | +105.8% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and CPSH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASTC and CPSH?
As of 2026-08-27, the correlation of weekly returns between ASTC and CPSH is 0.38 over 3 years, 0.48 over 1 year and 0.31 over 5 years.
Is CPSH a good diversifier for ASTC?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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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Related comparisons
Hubs: ASTC correlations · CPSH correlations
