MSAI vs. SCNX

Last updated Jun 25, 2026

MSAI (Infrared Cameras Holdings Inc) and SCNX (Scienture Holdings, Inc) are both stocks. MSAI operates in Building Products & Equipment (Industrials), while SCNX operates in Pharmaceutical Retailers (Healthcare). Over the past 3 years, MSAI returned -76.56%/yr vs -58.78%/yr for SCNX. At a 0.08 correlation, their price movements are largely independent.

Performance

MSAI vs. SCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Infrared Cameras Holdings Inc (MSAI) and Scienture Holdings, Inc (SCNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSAI achieves a -52.86% return, which is significantly lower than SCNX's -27.78% return.

MSAI

• 1D: -0.18%
• 1M: -13.40%
• YTD: -52.86%
• 6M: -68.21%
• 1Y: -76.93%
• 3Y*: -76.56%
• 5Y*: —
• 10Y*: —

SCNX

• 1D: -3.56%
• 1M: -8.38%
• YTD: -27.78%
• 6M: -31.22%
• 1Y: -60.03%
• 3Y*: -58.78%
• 5Y*: -61.68%
• 10Y*: -39.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSAI vs. SCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MSAI Infrared Cameras Holdings Inc	-52.86%	-84.35%	-45.07%	-67.17%	4.03%	-0.71%
SCNX Scienture Holdings, Inc	-27.78%	-91.57%	86.89%	-13.95%	-82.94%	-40.25%

Correlation

The correlation between MSAI and SCNX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.08

The correlation between MSAI and SCNX shifts across timeframes, from 0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MSAI : $10.93M SCNX : $149.64M
EPS MSAI : -$8.39 SCNX : -$303.01
PS Ratio MSAI : 1.05 SCNX : 0.96
PB Ratio MSAI : 0.37 SCNX : 0.00
Total Revenue (TTM) MSAI : $6.00M SCNX : $56.75M
Gross Profit (TTM) MSAI : $409.00K SCNX : $54.17M
EBITDA (TTM) MSAI : -$6.60M SCNX : -$3.54B

Return for Risk

MSAI vs. SCNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSAI

MSAI Risk / Return Rank: 20
MSAI Sharpe Ratio Rank: 22
MSAI Sortino Ratio Rank: 25
MSAI Omega Ratio Rank: 26
MSAI Calmar Ratio Rank: 11
MSAI Martin Ratio Rank: 18

SCNX

SCNX Risk / Return Rank: 48
SCNX Sharpe Ratio Rank: 37
SCNX Sortino Ratio Rank: 78
SCNX Omega Ratio Rank: 82
SCNX Calmar Ratio Rank: 18
SCNX Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSAI vs. SCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infrared Cameras Holdings Inc (MSAI) and Scienture Holdings, Inc (SCNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MSAI	SCNX	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	-0.16	-0.31
Sortino ratio: Return per unit of downside risk	-0.31	2.02	-2.33
Omega ratio: Gain probability vs. loss probability	0.96	1.30	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.66	-0.16
Martin ratio: Return relative to average drawdown	-1.14	-0.84	-0.30

MSAI vs. SCNX - Sharpe Ratio Comparison

The current MSAI Sharpe Ratio is -0.47, which is lower than the SCNX Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of MSAI and SCNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSAI vs. SCNX - Drawdown Comparison

The maximum MSAI drawdown since its inception was -99.12%, roughly equal to the maximum SCNX drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for MSAI and SCNX.

Drawdown Indicators

	MSAI	SCNX	Difference
Max Drawdown Largest peak-to-trough decline	-99.12%	-99.85%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-94.05%	-90.73%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	-99.02%	-98.86%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-99.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.74%	—
Current Drawdown Current decline from peak	-98.99%	-99.78%	+0.79%
Average Drawdown Average peak-to-trough decline	-52.72%	-81.81%	+29.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.48%	71.85%	-4.37%

Volatility

MSAI vs. SCNX - Volatility Comparison

Infrared Cameras Holdings Inc (MSAI) has a higher volatility of 23.85% compared to Scienture Holdings, Inc (SCNX) at 16.38%. This indicates that MSAI's price experiences larger fluctuations and is considered to be riskier than SCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSAI	SCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.85%	16.38%	+7.47%
Volatility (6M) Calculated over the trailing 6-month period	84.59%	77.77%	+6.82%
Volatility (1Y) Calculated over the trailing 1-year period	164.37%	375.32%	-210.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.28%	218.72%	-104.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.28%	229.52%	-115.24%

Dividends

MSAI vs. SCNX - Dividend Comparison

Neither MSAI nor SCNX has paid dividends to shareholders.

Position	TTM	2025	2024
MSAI Infrared Cameras Holdings Inc	0.00%	0.00%	0.00%
SCNX Scienture Holdings, Inc	0.00%	0.00%	157.02%

Financials

Frequently Asked Questions

Can I hold both MSAI and SCNX in my portfolio?

MSAI and SCNX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSAI or SCNX?

MSAI has higher volatility (23.85%) compared to SCNX (16.38%). In terms of maximum drawdown, MSAI dropped -99.12% vs SCNX's -99.85%.

Which has better risk-adjusted returns?

SCNX currently has the higher Sharpe Ratio (-0.16 vs -0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.