ASTC vs HUBC: Correlation
How closely do Astrotech Corporation (ASTC) and Hub Cyber Security Ltd. (HUBC) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and HUBC?
Over the past 3 years, ASTC and HUBC moved with a correlation of 0.40, which is moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.40). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 92049.3 %².
Among the 47 assets we track against ASTC, HUBC ranks #10 by 3-year correlation. The last year tells two different stories: ASTC led by 137.5 percentage points, +37.5% for ASTC against -100.0% for HUBC. One caveat on sizing: ASTC is 6.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 HUBC: side by side
| ASTC (Astrotech Corporation) | HUBC (Hub Cyber Security Ltd.) | |
|---|---|---|
| 1-year return | +37.5% | -100.0% |
| 5-year return | -78.4% | -100.0% |
| Volatility (ann.) | 1206.9% | 189.4% |
| Beta vs S&P 500 | 4.81 | 1.46 |
| Max drawdown (3Y) | -87.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | HUBC |
|---|---|---|
| 2022 | -51.0% | – |
| 2023 | -15.0% | -98.2% |
| 2024 | -20.8% | -68.2% |
| 2025 | -48.5% | -94.4% |
| 2026 | +105.8% | -100.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and HUBC good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASTC and HUBC?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.60 over the last year and 0.37 over 5 years.
Is HUBC a good diversifier for ASTC?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASTC correlations · HUBC correlations
