ATPC vs SPCE: Correlation
Measured on weekly returns over the past three years, Agape ATP Corporation (ATPC) and Virgin Galactic Holdings, Inc. (SPCE) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATPC and SPCE?
On 3 years of weekly data the ATPC/SPCE correlation comes out at 0.30, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.47 versus 0.30 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 4641.7 %².
SPCE is one of the assets that tracks ATPC most closely: it ranks #3 out of the 17 assets we track against ATPC. Correlation aside, the last 12 months split them widely, with SPCE ahead by 93.7 points (-96.6% versus -2.9%). Note the risk asymmetry: ATPC runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ATPC vs SPCE: side by side
| ATPC (Agape ATP Corporation) | SPCE (Virgin Galactic Holdings, Inc.) | |
|---|---|---|
| 1-year return | -96.6% | -2.9% |
| 5-year return | n/a | -99.4% |
| Volatility (ann.) | 151.3% | 100.5% |
| Beta vs S&P 500 | 1.04 | 2.82 |
| Max drawdown (3Y) | -100.0% | -96.0% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATPC | SPCE |
|---|---|---|
| 2022 | – | -74.0% |
| 2023 | – | -29.6% |
| 2024 | -90.8% | -88.0% |
| 2025 | -90.9% | -45.4% |
| 2026 | -55.7% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATPC and SPCE 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 ATPC and SPCE?
As of 2026-08-27, the correlation of weekly returns between ATPC and SPCE is 0.30 over 3 years, 0.47 over 1 year and n/a over 5 years.
Is SPCE a good diversifier for ATPC?
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?
On the −1 to +1 scale, 0.30 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: ATPC correlations · SPCE correlations
