Altisource Portfolio Solutions S.A. (ASPS) — Stock Correlations & Overview
Over the past year, ASPS has moved most closely with INNV, ASPSW, SLAB. Explore the stocks most correlated and inversely correlated with ASPS below, along with its price, financials, and company profile.
Stocks correlated with ASPS
Correlation of daily returns. Higher positive values move with ASPS; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASPS
| Symbol | Company | Correlation |
|---|---|---|
| INNV | InnovAge Holding Corp. Common StockSERVICES-HEALTH SERVICES | 0.30 |
| ASPSW | Altisource Portfolio Solutions S.A. Net Settle Stakeholder WarrantsSERVICES-MISCELLANEOUS BUSINESS SERVICES | 0.29 |
| SLAB | Silicon Laboratories IncSEMICONDUCTORS & RELATED DEVICES | 0.28 |
| ASPSZ | Altisource Portfolio Solutions S.A. Cash Exercise Stakeholder WarrantsSERVICES-MISCELLANEOUS BUSINESS SERVICES | 0.23 |
| CAAA | First Trust AAA CMBS ETF | 0.23 |
Frequently asked questions about ASPS correlations
- Which stocks are most correlated with ASPS?
- Based on one year of daily returns, the stocks most correlated with Altisource Portfolio Solutions S.A. (ASPS) are INNV (0.30), ASPSW (0.29) and SLAB (0.28). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ASPS?
- Over the past year, the stocks most inversely correlated with Altisource Portfolio Solutions S.A. (ASPS) are GOSS (-0.32), CRGO (-0.20) and DLNG (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ASPS correlations calculated?
- We compute the correlation of daily returns between ASPS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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