Scienture Holdings, Correlations

SCNX Stock

7.54 0.56 6.91%

The current 90-days correlation between Scienture Holdings, and China Jo Jo Drugstores is 0.06 (i.e., Significant diversification). The correlation of Scienture Holdings, is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Scienture Holdings, Correlation With Market

Average diversification

The correlation between Scienture Holdings, and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scienture Holdings, and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scienture Holdings,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Scienture Stock please use our How to Invest in Scienture Holdings, guide.

Moving against Scienture Stock

0.69	BIMI	Bimi International	Pair Corr
0.64	KO	Coca Cola Aggressive Push	Pair Corr
0.56	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.52	EL	Estee Lauder Companies	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.43	BG	Bunge Limited	Pair Corr
0.33	FC	Franklin Covey	Pair Corr
0.58	UL	Unilever PLC ADR	Pair Corr
0.49	UG	United Guardian	Pair Corr
0.48	BRBMF	Big Rock Brewery	Pair Corr
0.37	VITL	Vital Farms	Pair Corr
0.34	EAST	Eastside Distilling	Pair Corr
0.65	BUD	Anheuser Busch Inbev	Pair Corr
0.51	BGS	BG Foods	Pair Corr
0.49	ADM	Archer Daniels Midland Sell-off Trend	Pair Corr
0.49	CAG	ConAgra Foods	Pair Corr
0.42	WVVI	Willamette Valley	Pair Corr

Related Correlations Analysis

	CJJD	LFLYW	SAG	INGM	HPE-PC	GLP-PB	WCC-PA	PTLE	RDUS
CJJD		0.28	0.31	0.22	0.05	0.6	0.62	-0.47	0.48	CJJD
LFLYW	0.28		0.14	-0.01	-0.13	0.14	0.4	-0.02	0.41	LFLYW
SAG	0.31	0.14		-0.43	-0.18	0.18	0.15	0.3	-0.15	SAG
INGM	0.22	-0.01	-0.43		0.17	0.14	0.13	-0.19	0.11	INGM
HPE-PC	0.05	-0.13	-0.18	0.17		0.13	-0.19	-0.5	0.07	HPE-PC
GLP-PB	0.6	0.14	0.18	0.14	0.13		0.83	-0.74	0.58	GLP-PB
WCC-PA	0.62	0.4	0.15	0.13	-0.19	0.83		-0.66	0.78	WCC-PA
PTLE	-0.47	-0.02	0.3	-0.19	-0.5	-0.74	-0.66		-0.42	PTLE
RDUS	0.48	0.41	-0.15	0.11	0.07	0.58	0.78	-0.42		RDUS
	CJJD	LFLYW	SAG	INGM	HPE-PC	GLP-PB	WCC-PA	PTLE	RDUS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WCC-PA	+ 0.83	GLP-PB
RDUS	+ 0.78	WCC-PA
WCC-PA	+ 0.62	CJJD
GLP-PB	+ 0.6	CJJD
RDUS	+ 0.58	GLP-PB
RDUS	+ 0.48	CJJD

High negative correlations

PTLE	- 0.74	GLP-PB
PTLE	- 0.66	WCC-PA
PTLE	- 0.5	HPE-PC
PTLE	- 0.47	CJJD
INGM	- 0.43	SAG
RDUS	- 0.42	PTLE

Risk-Adjusted Indicators

There is a big difference between Scienture Stock performing well and Scienture Holdings, Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Scienture Holdings,'s multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CJJD	5.19	0.54	0.06	(0.99)	5.73	(6.02)	10.96	(8.87)	38.42
LFLYW	21.73	6.96	0.40	(4.40)	13.14	(38.15)	38.21	(29.34)	537.52
SAG	6.38	(3.28)	0.00	14.36	0.00	0.00	9.89	(14.23)	24.18
INGM	1.28	(0.53)	0.00	(1.32)	0.00	0.00	2.20	(3.07)	6.11
HPE-PC	1.20	0.31	0.19	0.48	1.04	(1.30)	3.68	(2.35)	7.62
GLP-PB	0.18	0.04	(0.35)	(1.18)	0.00	(0.24)	0.47	(0.38)	1.27
WCC-PA	0.10	0.03	(0.61)	2.02	0.00	(0.13)	0.27	(0.19)	0.66
PTLE	5.29	0.97	0.08	2.18	8.43	(6.26)	15.79	(18.71)	36.51
RDUS	2.79	0.17	0.15	0.17	2.60	(3.22)	6.56	(4.78)	30.15

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