AMLX vs SCNX: Correlation
How closely do Amylyx Pharmaceuticals, Inc. (AMLX) and Scienture Holdings, Inc. (SCNX) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMLX and SCNX?
Over the past 3 years, AMLX and SCNX moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.23 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -4347.1 %².
Out of 17 assets tracked against AMLX, SCNX lands near the bottom at #13. The last year tells two different stories: AMLX led by 356.5 percentage points, +293.4% for AMLX against -63.1% for SCNX. One caveat on sizing: SCNX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AMLX vs SCNX: side by side
| AMLX (Amylyx Pharmaceuticals, Inc.) | SCNX (Scienture Holdings, Inc.) | |
|---|---|---|
| 1-year return | +293.4% | -63.1% |
| 5-year return | +105.8% | -99.2% |
| Volatility (ann.) | 97.8% | 193.3% |
| Beta vs S&P 500 | 1.29 | 2.75 |
| Max drawdown (3Y) | -92.6% | -98.9% |
| Market cap | $4.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMLX | SCNX |
|---|---|---|
| 2022 | – | -82.9% |
| 2023 | -60.2% | -14.0% |
| 2024 | -74.3% | +86.9% |
| 2025 | +219.6% | -91.6% |
| 2026 | +207.8% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMLX and SCNX 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 AMLX and SCNX?
The AMLX/SCNX correlation stands at -0.23 on a 3-year window (1 year: -0.08, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is SCNX a good diversifier for AMLX?
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?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amlx-vs-scnx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amlx-vs-scnx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMLX correlations · SCNX correlations
