RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX) Correlation Distribution
Across 6,808 rolling correlation observations between RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.264, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.4% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,808
- Mean correlation
- 0.264
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 20.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 117 | 1.7% | |
| -0.6 to -0.5 | 116 | 1.7% | |
| -0.5 to -0.4 | 361 | 5.3% | |
| -0.4 to -0.3 | 360 | 5.3% | |
| -0.3 to -0.2 | 375 | 5.5% | |
| -0.2 to -0.1 | 374 | 5.5% | |
| -0.1 to 0.0 | 396 | 5.8% | |
| 0.0 to 0.1 | 396 | 5.8% | |
| 0.1 to 0.2 | 355 | 5.2% | |
| 0.2 to 0.3 | 354 | 5.2% | |
| 0.3 to 0.4 | 442 | 6.5% | |
| 0.4 to 0.5 | 442 | 6.5% | |
| 0.5 to 0.6 | 647 | 9.5% | |
| 0.6 to 0.7 | 647 | 9.5% | |
| 0.7 to 0.8 | 594 | 8.7% | |
| 0.8 to 0.9 | 594 | 8.7% | |
| 0.9 to 1.0 | 198 | 2.9% |
Frequently asked questions
What is the average correlation of RLX?
RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX) has an average correlation of about 0.264 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is RLX positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 20.4%.
What is the most common correlation range for RLX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33% of all pairs.
Explore the full interactive correlation distribution for RLX.
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