SCNX vs. MSAI

Last updated Jun 3, 2026

SCNX (Scienture Holdings, Inc) and MSAI (Infrared Cameras Holdings Inc) are both stocks. SCNX operates in Pharmaceutical Retailers (Healthcare), while MSAI operates in Building Products & Equipment (Industrials). Over the past 3 years, SCNX returned -49.53%/yr vs -76.52%/yr for MSAI. At a 0.08 correlation, their price movements are largely independent.

Performance

SCNX vs. MSAI - Performance Comparison

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

Returns By Period

In the year-to-date period, SCNX achieves a -23.35% return, which is significantly higher than MSAI's -52.69% return.

SCNX

• 1D: -1.36%
• 1M: -2.57%
• YTD: -23.35%
• 6M: -29.34%
• 1Y: -55.58%
• 3Y*: -49.53%
• 5Y*: -59.46%
• 10Y*: -38.24%

MSAI

• 1D: -0.73%
• 1M: -15.77%
• YTD: -52.69%
• 6M: -76.10%
• 1Y: -83.24%
• 3Y*: -76.52%
• 5Y*: —
• 10Y*: —

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

SCNX vs. MSAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCNX Scienture Holdings, Inc	-23.35%	-91.57%	86.89%	-13.95%	-82.94%	-39.64%
MSAI Infrared Cameras Holdings Inc	-52.69%	-84.35%	-45.07%	-67.17%	4.03%	-0.71%

Correlation

The correlation between SCNX and MSAI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.08

The correlation between SCNX and MSAI shifts across timeframes, from 0.08 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SCNX : $158.83M MSAI : $10.97M
EPS SCNX : -$303.01 MSAI : -$8.39
PS Ratio SCNX : 1.02 MSAI : 1.06
PB Ratio SCNX : 0.00 MSAI : 0.37
Total Revenue (TTM) SCNX : $56.75M MSAI : $6.00M
Gross Profit (TTM) SCNX : $54.17M MSAI : $409.00K
EBITDA (TTM) SCNX : -$3.54B MSAI : -$6.60M

Return for Risk

SCNX vs. MSAI — Risk / Return Rank

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

SCNX

SCNX Risk / Return Rank: 47
SCNX Sharpe Ratio Rank: 34
SCNX Sortino Ratio Rank: 76
SCNX Omega Ratio Rank: 80
SCNX Calmar Ratio Rank: 19
SCNX Martin Ratio Rank: 25

MSAI

MSAI Risk / Return Rank: 14
MSAI Sharpe Ratio Rank: 18
MSAI Sortino Ratio Rank: 17
MSAI Omega Ratio Rank: 17
MSAI Calmar Ratio Rank: 7
MSAI Martin Ratio Rank: 11

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.

SCNX vs. MSAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scienture Holdings, Inc (SCNX) and Infrared Cameras Holdings Inc (MSAI). 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.

	SCNX	MSAI	Difference
Sharpe ratio Return per unit of total volatility	-0.15	-0.51	+0.36
Sortino ratio Return per unit of downside risk	2.13	-0.62	+2.74
Omega ratio Gain probability vs. loss probability	1.31	0.92	+0.39
Calmar ratio Return relative to maximum drawdown	-0.61	-0.88	+0.27
Martin ratio Return relative to average drawdown	-0.80	-1.28	+0.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCNX vs. MSAI - Sharpe Ratio Comparison

The current SCNX Sharpe Ratio is -0.15, which is higher than the MSAI Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of SCNX and MSAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCNX	MSAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	-0.51	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	-0.53	+0.53

Drawdowns

SCNX vs. MSAI - Drawdown Comparison

The maximum SCNX drawdown since its inception was -99.85%, roughly equal to the maximum MSAI drawdown of -98.99%. Use the drawdown chart below to compare losses from any high point for SCNX and MSAI.

Drawdown Indicators

	SCNX	MSAI	Difference
Max Drawdown Largest peak-to-trough decline	-99.85%	-98.99%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-90.73%	-93.16%	+2.43%
Max Drawdown (3Y) Largest decline over 3 years	-98.86%	-98.88%	+0.02%
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	-99.76%	-98.99%	-0.77%
Average Drawdown Average peak-to-trough decline	-81.76%	-52.16%	-29.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.85%	63.85%	+5.00%

Volatility

SCNX vs. MSAI - Volatility Comparison

The current volatility for Scienture Holdings, Inc (SCNX) is 14.88%, while Infrared Cameras Holdings Inc (MSAI) has a volatility of 20.30%. This indicates that SCNX experiences smaller price fluctuations and is considered to be less risky than MSAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCNX	MSAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.88%	20.30%	-5.42%
Volatility (6M) Calculated over the trailing 6-month period	80.24%	86.18%	-5.94%
Volatility (1Y) Calculated over the trailing 1-year period	375.76%	164.92%	+210.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	220.64%	114.63%	+106.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	229.74%	114.63%	+115.11%

Dividends

SCNX vs. MSAI - Dividend Comparison

Neither SCNX nor MSAI 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 SCNX and MSAI in my portfolio?

SCNX and MSAI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCNX or MSAI?

MSAI has higher volatility (20.30%) compared to SCNX (14.88%). In terms of maximum drawdown, SCNX dropped -99.85% vs MSAI's -98.99%.

Which has better risk-adjusted returns?

SCNX currently has the higher Sharpe Ratio (-0.15 vs -0.51), 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.