RLX Technology Correlations

RLX Stock

USD 1.99 0.03 1.49%

The current 90-days correlation between RLX Technology and Universal is -0.05 (i.e., Good 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

Good diversification

The correlation between RLX Technology and DJI is -0.02 (i.e., Good 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.

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

0.66	K	Kellanova Sell-off Trend	Pair Corr
0.68	BRLSW	Borealis Foods	Pair Corr

Moving against RLX Stock

0.74	STZ	Constellation Brands Sell-off Trend	Pair Corr
0.72	BG	Bunge Limited	Pair Corr
0.7	FLO	Flowers Foods	Pair Corr
0.7	BRFS	BRF SA ADR	Pair Corr
0.64	LW	Lamb Weston Holdings	Pair Corr
0.41	EL	Estee Lauder Companies	Pair Corr
0.38	DNUT	Krispy Kreme	Pair Corr
0.34	GO	Grocery Outlet Holding	Pair Corr
0.31	CL	Colgate Palmolive	Pair Corr
0.79	FIZZ	National Beverage Corp	Pair Corr
0.64	ADM	Archer Daniels Midland	Pair Corr
0.52	BGS	BG Foods	Pair Corr
0.51	IMKTA	Ingles Markets	Pair Corr
0.46	DTCK	Davis Commodities	Pair Corr
0.39	CENTA	Central Garden Pet	Pair Corr
0.38	AVO	Mission Produce	Pair Corr
0.36	BON	Bon Natural Life	Pair Corr
0.34	FEDU	Four Seasons Education	Pair Corr
0.33	EEIQ	Elite Education Group	Pair Corr
0.31	VITL	Vital Farms Sell-off Trend	Pair Corr

Related Correlations Analysis

	GGII	KAVL	GNLN	XXII	TOBAF	CHUC	HPCO	TPB	MO	PM
GGII		-0.04	0.71	0.77	-0.58	0.0	0.0	-0.54	-0.56	-0.81	GGII
KAVL	-0.04		0.54	0.23	-0.01	0.0	0.0	0.14	-0.67	-0.32	KAVL
GNLN	0.71	0.54		0.81	-0.6	0.0	0.0	-0.37	-0.88	-0.9	GNLN
XXII	0.77	0.23	0.81		-0.65	0.0	0.0	-0.43	-0.7	-0.84	XXII
TOBAF	-0.58	-0.01	-0.6	-0.65		0.0	0.0	0.42	0.51	0.7	TOBAF
CHUC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CHUC
HPCO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HPCO
TPB	-0.54	0.14	-0.37	-0.43	0.42	0.0	0.0		0.21	0.66	TPB
MO	-0.56	-0.67	-0.88	-0.7	0.51	0.0	0.0	0.21		0.8	MO
PM	-0.81	-0.32	-0.9	-0.84	0.7	0.0	0.0	0.66	0.8		PM
	GGII	KAVL	GNLN	XXII	TOBAF	CHUC	HPCO	TPB	MO	PM

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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

XXII	+ 0.81	GNLN
PM	+ 0.8	MO
XXII	+ 0.77	GGII
GNLN	+ 0.71	GGII
PM	+ 0.7	TOBAF
PM	+ 0.66	TPB

High negative correlations

PM	- 0.9	GNLN
MO	- 0.88	GNLN
PM	- 0.84	XXII
PM	- 0.81	GGII
MO	- 0.7	XXII
MO	- 0.67	KAVL

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
GGII	24.85	4.48	0.10	(1.95)	21.42	(86.67)	100.00	(50.00)	150.00
KAVL	5.99	(0.12)	0.00	(3.72)	0.00	0.00	14.29	(11.70)	48.79
GNLN	3.63	(1.53)	0.00	(2.09)	0.00	0.00	6.88	(8.28)	50.63
XXII	8.18	(1.44)	0.00	(0.45)	0.00	0.00	21.57	(19.82)	80.50
TOBAF	9.16	1.58	0.09	1.05	9.82	(18.29)	33.33	(21.43)	91.96
CHUC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HPCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TPB	1.61	(0.05)	0.00	(0.13)	0.00	0.00	3.03	(4.50)	16.89
MO	0.96	0.00	0.17	0.00	0.92	(1.04)	2.08	(1.76)	4.82
PM	1.07	0.34	0.29	1.18	0.99	(1.20)	2.26	(1.70)	14.00

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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