Which stocks are most correlated with RAY?

Based on one year of daily returns, the stocks most correlated with Raytech Holding Limited Ordinary Shares (RAY) are RMTI (0.27), CCSB (0.23) and RIOX (0.23). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with RAY?

Over the past year, the stocks most inversely correlated with Raytech Holding Limited Ordinary Shares (RAY) are IBMO (-0.26), IBDR (-0.25) and SGOV (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

Raytech Holding Limited Ordinary Shares (RAY) — Stock Correlations & Overview

Over the past year, RAY has moved most closely with RMTI, CCSB, RIOX. Explore the stocks most correlated and inversely correlated with RAY below, along with its price, financials, and company profile.

Stocks correlated with RAY

Correlation of daily returns. Higher positive values move with RAY; negative values move opposite it. Informational only, not investment advice.

Most correlated with RAY

Symbol	Company	Correlation
RMTI	Rockwell Medical, Inc. (DE) Common StockPHARMACEUTICAL PREPARATIONS	0.27
CCSB	Carbon Collective Short Duration Green Bond ETF	0.23
RIOX	Defiance Daily Target 2X Long RIOT ETF	0.23
TYGO	Tigo Energy, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES	0.23
EPSM	Epsium Enterprise Limited Class A Ordinary Shares	0.23

Most inversely correlated with RAY

Symbol	Company	Correlation
IBMO	iShares iBonds Dec 2026 Term Muni Bond ETF	-0.26
IBDR	iShares iBonds Dec 2026 Term Corporate ETF	-0.25
SGOV	iShares 0-3 Month Treasury Bond ETF	-0.24
YEAR	AB Ultra Short Income ETF	-0.24
IBTG	iShares iBonds Dec 2026 Term Treasury ETF	-0.23

Frequently asked questions about RAY correlations

Which stocks are most correlated with RAY?: Based on one year of daily returns, the stocks most correlated with Raytech Holding Limited Ordinary Shares (RAY) are RMTI (0.27), CCSB (0.23) and RIOX (0.23). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with RAY?: Over the past year, the stocks most inversely correlated with Raytech Holding Limited Ordinary Shares (RAY) are IBMO (-0.26), IBDR (-0.25) and SGOV (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these RAY correlations calculated?: We compute the correlation of daily returns between RAY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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