AISP vs SCNX: Correlation
How closely do Airship AI Holdings, Inc (AISP) and Scienture Holdings, Inc. (SCNX) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and SCNX?
Across a 3-year window, the weekly returns of AISP and SCNX correlate at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.53 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 24002.3 %².
Among the 29 assets we track against AISP, SCNX ranks #6 by 3-year correlation. On 12-month performance AISP holds a 10.1-point edge, -53.0% against -63.1%.
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.
AISP vs SCNX: side by side
| AISP (Airship AI Holdings, Inc) | SCNX (Scienture Holdings, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -63.1% |
| 5-year return | -77.4% | -99.2% |
| Volatility (ann.) | 233.1% | 193.3% |
| Beta vs S&P 500 | 1.24 | 2.75 |
| Max drawdown (3Y) | -87.4% | -98.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | SCNX |
|---|---|---|
| 2022 | +3.0% | -82.9% |
| 2023 | -83.1% | -14.0% |
| 2024 | +268.2% | +86.9% |
| 2025 | -53.8% | -91.6% |
| 2026 | -24.6% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and SCNX good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AISP and SCNX?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.11 over the last year and 0.47 over 5 years.
Is SCNX a good diversifier for AISP?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/aisp-vs-scnx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-scnx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AISP correlations · SCNX correlations
