Raytech Holding Correlations

RAY Stock

1.83 0.04 2.23%

The correlation of Raytech Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Raytech Holding Correlation With Market

Average diversification

The correlation between Raytech Holding Limited and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raytech Holding Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Raytech Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raytech Holding Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Raytech Stock

0.74

INEO

INNEOVA Holdings Symbol Change

Pair Corr

Moving against Raytech Stock

0.86	INCH	Inchcape PLC	Pair Corr
0.73	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	BKRKF	PT Bank Rakyat	Pair Corr
0.62	EC	Ecopetrol SA ADR	Pair Corr
0.5	PPERY	Bank Mandiri Persero	Pair Corr
0.45	FUN	ToysRUs Anz Limited	Pair Corr
0.42	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.4	YATRA	Yatra Online Limited	Pair Corr
0.92	CPKF	Chesapeake Finl Shs	Pair Corr
0.92	GOOGL	Alphabet Class A	Pair Corr
0.91	PTAIY	Astra International Tbk	Pair Corr
0.91	AAPL	Apple Inc	Pair Corr
0.86	A	Agilent Technologies	Pair Corr
0.81	MNST	Monster Beverage Corp	Pair Corr
0.81	NXT	Nextracker Class A	Pair Corr
0.78	NGTF	NightFood Holdings	Pair Corr
0.74	HBMHF	HBM Holdings Limited	Pair Corr
0.71	VCIGF	Vitreous Glass Earnings Call This Week	Pair Corr
0.68	VMI	Valmont Industries	Pair Corr
0.53	CIA	Citizens	Pair Corr
0.49	DUK-PA	Duke Energy	Pair Corr
0.31	PBCRF	PT Bank Central	Pair Corr
0.89	APGE	Apogee Therapeutics,	Pair Corr
0.88	IMPP	Imperial Petroleum	Pair Corr
0.86	TTTNF	Titan Minerals	Pair Corr
0.85	JXHGF	ENEOS Holdings	Pair Corr

Related Correlations Analysis

	KLGG	BHE	PIUTQ	B	GEGI	STMEF	UMC
KLGG		0.0	0.0	0.0	1.0	0.0	0.0	KLGG
BHE	0.0		0.0	0.44	0.0	-0.71	0.27	BHE
PIUTQ	0.0	0.0		0.0	0.0	0.0	0.0	PIUTQ
B	0.0	0.44	0.0		0.0	-0.43	0.52	B
GEGI	1.0	0.0	0.0	0.0		0.0	0.0	GEGI
STMEF	0.0	-0.71	0.0	-0.43	0.0		0.03	STMEF
UMC	0.0	0.27	0.0	0.52	0.0	0.03		UMC
	KLGG	BHE	PIUTQ	B	GEGI	STMEF	UMC

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GEGI	+ 1.0	KLGG
UMC	+ 0.52	B
B	+ 0.44	BHE
UMC	+ 0.27	BHE
UMC	+ 0.03	STMEF
BHE	+ 0.0	KLGG

High negative correlations

STMEF	- 0.71	BHE
STMEF	- 0.43	B
UMC	- 0.0	GEGI
STMEF	- 0.0	GEGI
GEGI	- 0.0	B
UMC	- 0.0	PIUTQ

Risk-Adjusted Indicators

There is a big difference between Raytech Stock performing well and Raytech Holding Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Raytech Holding's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KLGG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BHE	1.67	0.08	0.05	0.10	1.88	(1.68)	3.45	(2.94)	13.11
PIUTQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
B	2.21	0.74	0.22	0.85	2.46	(2.49)	5.21	(4.22)	19.00
GEGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STMEF	1.10	(0.25)	0.00	(0.50)	0.00	0.00	3.09	(4.22)	19.61
UMC	1.46	0.14	0.07	0.18	1.96	(1.46)	2.76	(3.14)	12.21

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC