Correlation Between Scienjoy Holding and Pinterest

Can any of the company-specific risk be diversified away by investing in both Scienjoy Holding and Pinterest 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 Pinterest 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 Pinterest, you can compare the effects of market volatilities on Scienjoy Holding and Pinterest 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 Pinterest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Scienjoy Holding and Pinterest.

Diversification Opportunities for Scienjoy Holding and Pinterest

0.76

Correlation Coefficient

Scienjoy Holding  Pinterest

Poor diversification

The 3 months correlation between Scienjoy and Pinterest is 0.76. Overlapping area represents the amount of risk that can be diversified away by holding Scienjoy Holding Corp and Pinterest in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Pinterest 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 Pinterest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Pinterest has no effect on the direction of Scienjoy Holding i.e., Scienjoy Holding and Pinterest go up and down completely randomly.

Pair Corralation between Scienjoy Holding and Pinterest

Allowing for the 90-day total investment horizon Scienjoy Holding Corp is expected to under-perform the Pinterest. In addition to that, Scienjoy Holding is 2.16 times more volatile than Pinterest. It trades about -0.12 of its total potential returns per unit of risk. Pinterest is currently generating about -0.09 per unit of volatility. If you would invest  3,907  in Pinterest on August 3, 2025 and sell it today you would lose (597.00) from holding Pinterest or give up 15.28% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	98.44%
Values	Daily Returns

Scienjoy Holding Corp  vs.  Pinterest

Scienjoy Holding Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Scienjoy Holding Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with unfluctuating performance in the last few months, the Stock's forward-looking indicators remain relatively steady which may send shares a bit higher in December 2025. The new chaos may also be a sign of medium-term up-swing for the company stakeholders.

Pinterest

Risk-Adjusted Performance

Weakest

Over the last 90 days Pinterest has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in December 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with Scienjoy Holding and Pinterest

The main advantage of trading using opposite Scienjoy Holding and Pinterest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Scienjoy Holding position performs unexpectedly, Pinterest 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 Pinterest will offset losses from the drop in Pinterest's long position.

The idea behind Scienjoy Holding Corp and Pinterest 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.