Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) — Stock Correlations & Overview
Over the past year, RAYA has moved most closely with ZNTL, DLXY, DKI. Explore the stocks most correlated and inversely correlated with RAYA below, along with its price, financials, and company profile.
Stocks correlated with RAYA
Correlation of daily returns. Higher positive values move with RAYA; negative values move opposite it. Informational only, not investment advice.
Most correlated with RAYA
| Symbol | Company | Correlation |
|---|---|---|
| ZNTL | Zentalis Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.31 |
| DLXY | Delixy Holdings Limited Class A Ordinary Shares | 0.29 |
| DKI | DarkIris Inc. Class A Ordinary Shares | 0.28 |
| HOVR | New Horizon Aircraft Ltd. Class A Ordinary ShareAIRCRAFT | 0.26 |
| OCTJ | Innovator Premium Income 30 Barrier ETF - October | 0.25 |
Most inversely correlated with RAYA
| Symbol | Company | Correlation |
|---|---|---|
| YDDL | One and One Green Technologies. Inc Class A Ordinary Shares | -0.35 |
| EPOW | E-Power Inc. Class A Ordinary Shares | -0.24 |
| ROL | Rollins, Inc.SERVICES-TO DWELLINGS & OTHER BUILDINGS | -0.20 |
| DOGG | FT Vest DJIA Dogs 10 Target Income ETF | -0.20 |
| ELS | Equity Lifestyle Properties, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.19 |
Frequently asked questions about RAYA correlations
- Which stocks are most correlated with RAYA?
- Based on one year of daily returns, the stocks most correlated with Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) are ZNTL (0.31), DLXY (0.29) and DKI (0.28). 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 RAYA?
- Over the past year, the stocks most inversely correlated with Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) are YDDL (-0.35), EPOW (-0.24) and ROL (-0.20). 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 RAYA correlations calculated?
- We compute the correlation of daily returns between RAYA 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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