ITGR vs SCNX: Correlation
Measured on weekly returns over the past three years, Integer Holdings Corporation (ITGR) and Scienture Holdings, Inc. (SCNX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITGR and SCNX?
Across a 3-year window, the weekly returns of ITGR and SCNX correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.56) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.10, with an annualized covariance of -1583.2 %².
SCNX is close to the least connected end of ITGR's tracked universe, ranking #10 of 14. Correlation aside, the last 12 months split them widely, with ITGR ahead by 79.0 points (+15.9% versus -63.1%). Risk is not evenly split, since SCNX carries 5.7 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.
ITGR vs SCNX: side by side
| ITGR (Integer Holdings Corporation) | SCNX (Scienture Holdings, Inc.) | |
|---|---|---|
| 1-year return | +15.9% | -63.1% |
| 5-year return | +28.7% | -99.2% |
| Volatility (ann.) | 33.7% | 193.3% |
| Beta vs S&P 500 | 0.56 | 2.75 |
| Max drawdown (3Y) | -56.1% | -98.9% |
| Market cap | $4.3B | – |
| P/E (trailing) | 34.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITGR | SCNX |
|---|---|---|
| 2022 | -20.0% | -82.9% |
| 2023 | +44.7% | -14.0% |
| 2024 | +33.8% | +86.9% |
| 2025 | -40.8% | -91.6% |
| 2026 | +59.8% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITGR and SCNX good diversifiers for each other?
Yes. With a correlation of -0.24, ITGR and SCNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ITGR and SCNX?
As of 2026-08-27, the correlation of weekly returns between ITGR and SCNX is -0.24 over 3 years, -0.56 over 1 year and -0.10 over 5 years.
Is SCNX a good diversifier for ITGR?
Yes. With a correlation of -0.24, ITGR and SCNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/itgr-vs-scnx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itgr-vs-scnx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ITGR correlations · SCNX correlations
