SCSC vs WBUY: Correlation
Measured on weekly returns over the past three years, ScanSource, Inc. (SCSC) and WEBUY GLOBAL LTD. - Class A (WBUY) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCSC and WBUY?
On 3 years of weekly data the SCSC/WBUY correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2995.7 %².
By 3-year correlation, WBUY places #15 of the 20 assets tracked against SCSC. The last year tells two different stories: SCSC led by 102.6 percentage points, +30.0% for SCSC against -72.6% for WBUY. Risk is not evenly split, since WBUY carries 5.5 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.
SCSC vs WBUY: side by side
| SCSC (ScanSource, Inc.) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | +30.0% | -72.6% |
| 5-year return | +60.7% | n/a |
| Volatility (ann.) | 35.5% | 193.8% |
| Beta vs S&P 500 | 1.21 | 1.81 |
| Max drawdown (3Y) | -44.2% | -99.9% |
| Market cap | $1.2B | – |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCSC | WBUY |
|---|---|---|
| 2022 | -16.7% | – |
| 2023 | +35.6% | – |
| 2024 | +19.8% | -66.1% |
| 2025 | -17.7% | -93.7% |
| 2026 | +48.7% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCSC and WBUY good diversifiers for each other?
Reasonably. At 0.43, SCSC and WBUY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SCSC and WBUY?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.39 over the last year and n/a over 5 years.
Is WBUY a good diversifier for SCSC?
Reasonably. At 0.43, SCSC and WBUY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/scsc-vs-wbuy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/scsc-vs-wbuy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCSC correlations · WBUY correlations
