Correlation Between Scienjoy Holding and Marcus

Can any of the company-specific risk be diversified away by investing in both Scienjoy Holding and Marcus at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Scienjoy Holding and Marcus into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Scienjoy Holding Corp and Marcus, you can compare the effects of market volatilities on Scienjoy Holding and Marcus and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Scienjoy Holding with a short position of Marcus. Check out your portfolio center. Please also check ongoing floating volatility patterns of Scienjoy Holding and Marcus.

Diversification Opportunities for Scienjoy Holding and Marcus

0.63

Correlation Coefficient

Scienjoy Holding  Marcus

Poor diversification

The 3 months correlation between Scienjoy and Marcus is 0.63. Overlapping area represents the amount of risk that can be diversified away by holding Scienjoy Holding Corp and Marcus in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Marcus and Scienjoy Holding is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Scienjoy Holding Corp are associated (or correlated) with Marcus. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Marcus has no effect on the direction of Scienjoy Holding i.e., Scienjoy Holding and Marcus go up and down completely randomly.

Pair Corralation between Scienjoy Holding and Marcus

Allowing for the 90-day total investment horizon Scienjoy Holding Corp is expected to generate 2.72 times more return on investment than Marcus. However, Scienjoy Holding is 2.72 times more volatile than Marcus. It trades about 0.01 of its potential returns per unit of risk. Marcus is currently generating about 0.0 per unit of risk. If you would invest  76.00  in Scienjoy Holding Corp on August 26, 2025 and sell it today you would lose (5.00) from holding Scienjoy Holding Corp or give up 6.58% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Scienjoy Holding Corp  vs.  Marcus

Scienjoy Holding Corp

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Scienjoy Holding Corp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Even with relatively steady forward-looking indicators, Scienjoy Holding is not utilizing all of its potentials. The current stock price chaos, may contribute to medium-term losses for the stakeholders.

Marcus

Risk-Adjusted Performance

Weakest

Over the last 90 days Marcus has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable fundamental indicators, Marcus is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Scienjoy Holding and Marcus

The main advantage of trading using opposite Scienjoy Holding and Marcus positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Scienjoy Holding position performs unexpectedly, Marcus can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Marcus will offset losses from the drop in Marcus' long position.

The idea behind Scienjoy Holding Corp and Marcus pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.