MSAI vs SCNX: Correlation
Measured on weekly returns over the past three years, MultiSensor AI Holdings, Inc. (MSAI) and Scienture Holdings, Inc. (SCNX) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSAI and SCNX?
Across a 3-year window, the weekly returns of MSAI and SCNX correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 9916.9 %².
In MSAI's tracked universe of 14 assets, SCNX sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months SCNX outperformed by 18.4 percentage points (-81.5% for MSAI against -63.1% for SCNX). One caveat on sizing: SCNX is 1.6 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.
MSAI vs SCNX: side by side
| MSAI (MultiSensor AI Holdings, Inc.) | SCNX (Scienture Holdings, Inc.) | |
|---|---|---|
| 1-year return | -81.5% | -63.1% |
| 5-year return | -98.6% | -99.2% |
| Volatility (ann.) | 122.9% | 193.3% |
| Beta vs S&P 500 | 1.24 | 2.75 |
| Max drawdown (3Y) | -99.1% | -98.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSAI | SCNX |
|---|---|---|
| 2022 | +4.0% | -82.9% |
| 2023 | -67.2% | -14.0% |
| 2024 | -45.1% | +86.9% |
| 2025 | -84.3% | -91.6% |
| 2026 | -52.9% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSAI and SCNX good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MSAI and SCNX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.51 over the last year and 0.36 over 5 years.
Is SCNX a good diversifier for MSAI?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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
$ curl https://www.pairbook.io/api/v1/pairs/msai-vs-scnx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msai-vs-scnx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MSAI correlations · SCNX correlations
