ASTH vs CAPS: Correlation
Astrana Health Inc. (ASTH) and Capstone Holding Corp. (CAPS) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTH and CAPS?
On 3 years of weekly data the ASTH/CAPS correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -1051.6 %².
Among the 15 assets we track against ASTH, CAPS sits near the bottom by co-movement, at rank #15. The last year tells two different stories: ASTH led by 108.1 percentage points, +23.1% for ASTH against -85.0% for CAPS.
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.
ASTH vs CAPS: side by side
| ASTH (Astrana Health Inc.) | CAPS (Capstone Holding Corp.) | |
|---|---|---|
| 1-year return | +23.1% | -85.0% |
| 5-year return | -46.1% | -99.2% |
| Volatility (ann.) | 56.8% | 81.8% |
| Beta vs S&P 500 | 1.15 | 0.82 |
| Max drawdown (3Y) | -71.0% | -97.5% |
| Market cap | $1.9B | – |
| P/E (trailing) | 47.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTH | CAPS |
|---|---|---|
| 2022 | -59.7% | +114.5% |
| 2023 | +29.4% | -85.9% |
| 2024 | -17.7% | -56.9% |
| 2025 | -21.3% | -67.4% |
| 2026 | +54.8% | -74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTH and CAPS good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASTH and CAPS?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.16 over the last year and -0.15 over 5 years.
Is CAPS a good diversifier for ASTH?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: ASTH correlations · CAPS correlations
