NIKI vs SCNX: Correlation
How closely do Niki BioSolutions, Inc. (NIKI) and Scienture Holdings, Inc. (SCNX) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIKI and SCNX?
On 3 years of weekly data the NIKI/SCNX correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.46). The 5-year figure is 0.41, and annualized covariance runs at 20355.7 %².
Among the 20 assets we track against NIKI, SCNX ranks #8 by 3-year correlation. Twelve-month performance is nearly a tie, at -66.5% for NIKI and -63.1% for SCNX.
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.
NIKI vs SCNX: side by side
| NIKI (Niki BioSolutions, Inc.) | SCNX (Scienture Holdings, Inc.) | |
|---|---|---|
| 1-year return | -66.5% | -63.1% |
| 5-year return | -97.1% | -99.2% |
| Volatility (ann.) | 227.3% | 193.3% |
| Beta vs S&P 500 | 0.93 | 2.75 |
| Max drawdown (3Y) | -94.8% | -98.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIKI | SCNX |
|---|---|---|
| 2022 | -63.3% | -82.9% |
| 2023 | -55.5% | -14.0% |
| 2024 | +14.3% | +86.9% |
| 2025 | -62.1% | -91.6% |
| 2026 | -28.9% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIKI and SCNX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NIKI and SCNX?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.04 over the last year and 0.41 over 5 years.
Is SCNX a good diversifier for NIKI?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/niki-vs-scnx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/niki-vs-scnx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NIKI correlations · SCNX correlations
