RLX Technology Correlations

RLX Stock

USD 2.26 0.05 2.16%

The current 90-days correlation between RLX Technology and Gaotu Techedu DRC is 0.2 (i.e., Modest diversification). The correlation of RLX Technology 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.

RLX Technology Correlation With Market

Average diversification

The correlation between RLX Technology and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RLX Technology and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy RLX Stock please use our How to Invest in RLX Technology guide.

Moving together with RLX Stock

0.71	BUD	Anheuser Busch Inbev	Pair Corr
0.88	SFD	Smithfield Foods, Common	Pair Corr
0.61	LWAY	Lifeway Foods	Pair Corr
0.88	OTLY	Oatly Group AB	Pair Corr
0.83	RKDA	Arcadia Biosciences	Pair Corr
0.9	DG	Dollar General	Pair Corr
0.93	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.66	IH	Ihuman Inc Trending	Pair Corr
0.85	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.76	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr

Moving against RLX Stock

0.95	IMG	CIMG Inc Symbol Change	Pair Corr
0.91	CCU	Compania Cervecerias	Pair Corr
0.88	SAM	Boston Beer Earnings Call This Week	Pair Corr
0.87	PAVS	Paranovus Entertainment	Pair Corr
0.79	STZ	Constellation Brands	Pair Corr
0.76	BJ	BJs Wholesale Club	Pair Corr
0.75	GO	Grocery Outlet Holding	Pair Corr
0.71	K	Kellanova Earnings Call This Week	Pair Corr
0.68	TSN	Tyson Foods	Pair Corr
0.48	CL	Colgate Palmolive Earnings Call This Week	Pair Corr
0.46	GV	Visionary Education	Pair Corr
0.43	BRID	Bridgford Foods	Pair Corr
0.35	TWG	Top Wealth Group	Pair Corr
0.92	JZ	Jianzhi Education	Pair Corr
0.91	WGRX	Wellgistics Health, Buyout Trend	Pair Corr
0.81	FARM	Farmer Bros	Pair Corr
0.79	EEIQ	Elite Education Group	Pair Corr
0.71	WVVI	Willamette Valley	Pair Corr
0.66	VSTA	Vasta Platform	Pair Corr
0.57	EDTK	Skillful Craftsman	Pair Corr
0.49	PG	Procter Gamble	Pair Corr
0.47	KO	Coca Cola Earnings Call This Week	Pair Corr
0.45	UL	Unilever PLC ADR	Pair Corr

Related Correlations Analysis

	XXII	BTI	PM	GOTU	YMM	BEKE	YSG	TAL
XXII		-0.84	-0.6	-0.22	-0.27	0.53	-0.87	-0.42	XXII
BTI	-0.84		0.83	0.53	0.52	-0.56	0.9	0.48	BTI
PM	-0.6	0.83		0.75	0.6	-0.6	0.77	0.45	PM
GOTU	-0.22	0.53	0.75		0.78	-0.54	0.54	0.57	GOTU
YMM	-0.27	0.52	0.6	0.78		-0.25	0.54	0.36	YMM
BEKE	0.53	-0.56	-0.6	-0.54	-0.25		-0.62	-0.61	BEKE
YSG	-0.87	0.9	0.77	0.54	0.54	-0.62		0.52	YSG
TAL	-0.42	0.48	0.45	0.57	0.36	-0.61	0.52		TAL
	XXII	BTI	PM	GOTU	YMM	BEKE	YSG	TAL

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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

YSG	+ 0.9	BTI
PM	+ 0.83	BTI
YMM	+ 0.78	GOTU
YSG	+ 0.77	PM
GOTU	+ 0.75	PM
YMM	+ 0.6	PM

High negative correlations

YSG	- 0.87	XXII
BTI	- 0.84	XXII
YSG	- 0.62	BEKE
TAL	- 0.61	BEKE
BEKE	- 0.6	PM
PM	- 0.6	XXII

Risk-Adjusted Indicators

There is a big difference between RLX Stock performing well and RLX Technology 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 RLX Technology'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
XXII	5.74	(2.28)	0.00	(1.12)	0.00	0.00	11.11	(16.00)	62.34
BTI	1.06	0.37	0.17	(1.46)	0.95	(1.22)	2.69	(1.59)	5.70
PM	0.92	0.20	0.05	(71.28)	1.09	(0.94)	1.70	(2.24)	5.77
GOTU	2.08	0.46	0.18	1.08	1.60	(2.88)	6.69	(2.76)	14.90
YMM	2.10	0.26	0.08	0.45	2.39	(2.35)	5.13	(4.08)	15.94
BEKE	1.65	(0.11)	0.00	(0.04)	0.00	0.00	3.90	(4.31)	11.50
YSG	4.26	1.57	0.39	1.98	3.13	(5.19)	13.32	(6.95)	22.63
TAL	2.10	0.10	0.00	0.40	4.06	(2.08)	3.54	(4.40)	26.28

RLX Technology Corporate Management

Zhang Yueduo	Head of Finance	Profile
Sean Dai	General Officer	Profile
Sam Tsang	Head Relations	Profile
Chao Lu	Chief Officer	Profile
Jiang Long	Co-Founder, Director	Profile

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