MOVE vs SJ: Correlation
Measured on weekly returns over the past three years, Corvex, Inc. (MOVE) and Scienjoy Holding Corporation - Class A (SJ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOVE and SJ?
Over the past 3 years, MOVE and SJ moved with a correlation of 0.25, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.25 over 3 years. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 3345.7 %².
By 3-year correlation, SJ places #7 of the 12 assets tracked against MOVE. The last year tells two different stories: MOVE led by 109.3 percentage points, +143.7% for MOVE against +34.4% for SJ. Risk is not evenly split, since MOVE carries 1.9 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.
MOVE vs SJ: side by side
| MOVE (Corvex, Inc.) | SJ (Scienjoy Holding Corporation - Class A) | |
|---|---|---|
| 1-year return | +143.7% | +34.4% |
| 5-year return | -97.6% | -79.3% |
| Volatility (ann.) | 159.1% | 85.6% |
| Beta vs S&P 500 | 1.58 | -0.26 |
| Max drawdown (3Y) | -97.5% | -87.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOVE | SJ |
|---|---|---|
| 2022 | -65.8% | -65.3% |
| 2023 | -39.9% | +76.6% |
| 2024 | -53.9% | -70.1% |
| 2025 | -84.6% | -33.2% |
| 2026 | +82.4% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOVE and SJ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MOVE and SJ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.45 over the last year and 0.19 over 5 years.
Is SJ a good diversifier for MOVE?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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/move-vs-sj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/move-vs-sj/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MOVE correlations · SJ correlations
