FORR vs SJ: Correlation
Forrester Research, Inc. (FORR) and Scienjoy Holding Corporation - Class A (SJ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FORR and SJ?
On 3 years of weekly data the FORR/SJ correlation comes out at 0.24, weak. Recent behaviour matches the longer record: 0.17 over 1 year against 0.24 over 3. The 5-year figure is 0.16, and annualized covariance runs at 1022.5 %².
Among the 13 assets we track against FORR, SJ ranks #8 by 3-year correlation. Over the last 12 months SJ came out ahead by 8.7 percentage points (+25.7% against +34.4%). Risk is not evenly split, since SJ carries 1.7 times the volatility of the other side.
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.
FORR vs SJ: side by side
| FORR (Forrester Research, Inc.) | SJ (Scienjoy Holding Corporation - Class A) | |
|---|---|---|
| 1-year return | +25.7% | +34.4% |
| 5-year return | -74.7% | -79.3% |
| Volatility (ann.) | 50.1% | 85.6% |
| Beta vs S&P 500 | 0.82 | -0.26 |
| Max drawdown (3Y) | -83.9% | -87.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FORR | SJ |
|---|---|---|
| 2022 | -39.1% | -65.3% |
| 2023 | -25.0% | +76.6% |
| 2024 | -41.6% | -70.1% |
| 2025 | -48.2% | -33.2% |
| 2026 | +50.4% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FORR and SJ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FORR and SJ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.17 over the last year and 0.16 over 5 years.
Is SJ a good diversifier for FORR?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: FORR correlations · SJ correlations
