Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) Correlation Distribution
Across 6,321 rolling correlation observations between Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) and other NASDAQ-listed stocks, 55.6% are positive and 44.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.1, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,321
- Mean correlation
- 0.1
- Most common range
- -0.3 to -0.2
- Positive pairs
- 55.6%
- Strong positive (≥0.7)
- 13.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 94 | 1.5% | |
| -0.8 to -0.7 | 94 | 1.5% | |
| -0.7 to -0.6 | 280 | 4.4% | |
| -0.6 to -0.5 | 280 | 4.4% | |
| -0.5 to -0.4 | 406 | 6.4% | |
| -0.4 to -0.3 | 405 | 6.4% | |
| -0.3 to -0.2 | 424 | 6.7% | |
| -0.2 to -0.1 | 423 | 6.7% | |
| -0.1 to 0.0 | 396 | 6.3% | |
| 0.0 to 0.1 | 395 | 6.2% | |
| 0.1 to 0.2 | 356 | 5.6% | |
| 0.2 to 0.3 | 355 | 5.6% | |
| 0.3 to 0.4 | 363 | 5.7% | |
| 0.4 to 0.5 | 363 | 5.7% | |
| 0.5 to 0.6 | 417 | 6.6% | |
| 0.6 to 0.7 | 417 | 6.6% | |
| 0.7 to 0.8 | 411 | 6.5% | |
| 0.8 to 0.9 | 410 | 6.5% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of RAYA?
Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) has an average correlation of about 0.1 with other NASDAQ stocks, based on 6,321 pairwise observations.
Is RAYA positively correlated with other stocks?
Mostly yes — 55.6% of pairs are positive and 44.4% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for RAYA?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 37.2% of all pairs.
Explore the full interactive correlation distribution for RAYA.
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