ASTH vs MLSS: Correlation
Measured on weekly returns over the past three years, Astrana Health Inc. (ASTH) and Milestone Scientific, Inc. (MLSS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTH and MLSS?
Over the past 3 years, ASTH and MLSS moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.36 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1732.3 %².
Within ASTH's tracked universe of 15 assets, MLSS comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASTH outperformed by 38.9 percentage points (+23.1% for ASTH against -15.8% for MLSS).
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 MLSS: side by side
| ASTH (Astrana Health Inc.) | MLSS (Milestone Scientific, Inc.) | |
|---|---|---|
| 1-year return | +23.1% | -15.8% |
| 5-year return | -46.1% | -72.6% |
| Volatility (ann.) | 56.8% | 84.1% |
| Beta vs S&P 500 | 1.15 | 0.81 |
| Max drawdown (3Y) | -71.0% | -81.2% |
| 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 | MLSS |
|---|---|---|
| 2022 | -59.7% | -76.7% |
| 2023 | +29.4% | +43.8% |
| 2024 | -17.7% | +39.1% |
| 2025 | -21.3% | -71.9% |
| 2026 | +54.8% | +87.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTH and MLSS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASTH and MLSS?
As of 2026-08-27, the correlation of weekly returns between ASTH and MLSS is 0.36 over 3 years, 0.19 over 1 year and 0.31 over 5 years.
Is MLSS a good diversifier for ASTH?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/asth-vs-mlss.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asth-vs-mlss/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASTH correlations · MLSS correlations
