Erayak Competitors
| RAYA Stock | 1.44 0.06 4.35% |
Erayak Power vs Urban Gro Correlation
Poor diversification
The correlation between Erayak Power Solution and UGRO is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erayak Power Solution and UGRO in the same portfolio, assuming nothing else is changed.
Moving against Erayak Stock
| 0.65 | DCI | Donaldson | PairCorr |
| 0.63 | PL | Planet Labs PBC Downward Rally | PairCorr |
| 0.62 | RFG | Roebuck Food Group | PairCorr |
| 0.62 | GGG | Graco Inc | PairCorr |
| 0.6 | 600765 | AVIC Heavy Machinery | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Erayak Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Erayak Power Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Erayak Power and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Erayak and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Erayak Power Solution does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Erayak Stock performing well and Erayak Power 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 Erayak Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICON | 5.06 | (1.97) | 0.00 | (2.88) | 0.00 | 14.00 | 44.34 | |||
| DGLY | 5.72 | (1.27) | 0.00 | (0.35) | 0.00 | 15.42 | 45.61 | |||
| SBLX | 4.79 | (0.62) | 0.00 | (0.25) | 0.00 | 10.26 | 32.50 | |||
| IVDA | 6.34 | (0.28) | 0.00 | (0.17) | 0.00 | 16.67 | 50.60 | |||
| SGLY | 4.75 | (0.19) | 0.00 | (4.74) | 0.00 | 15.56 | 37.12 | |||
| LICN | 3.17 | (0.32) | 0.00 | (0.79) | 0.00 | 5.61 | 57.58 | |||
| XPON | 3.84 | (0.78) | 0.00 | (0.20) | 0.00 | 8.43 | 25.71 | |||
| BLMZ | 14.70 | (3.45) | 0.00 | (0.71) | 0.00 | 27.27 | 192.47 | |||
| PMAX | 6.04 | 0.22 | 0.04 | 0.15 | 7.07 | 12.97 | 48.86 | |||
| UGRO | 5.62 | (1.03) | 0.00 | (0.72) | 0.00 | 9.09 | 54.17 |
Cross Equities Net Income Analysis
Compare Erayak Power Solution and related stocks such as Icon Energy Corp, Digital Ally, and StableX Technologies Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICON | 800 K | 126.1 M | 109.4 M | 128 M | 152.7 M | (189.3 M) | (252.1 M) | (489.3 M) | (100.5 M) | (111.5 M) | (101.9 M) | 3.3 M | 4.2 M | 1.2 M | (210 K) | (189 K) | (198.4 K) |
| SBLX | (124.2 K) | (36.8 M) | (20.5 M) | (6.9 M) | (11.1 M) | (9.3 M) | (3.6 M) | (7.6 M) | (16 M) | (8.8 M) | (10.8 M) | (33.1 M) | (22.9 M) | (34.2 M) | (1.8 M) | (1.6 M) | (1.7 M) |
| IVDA | (50.6 K) | (4.5 M) | (3.8 M) | (6.8 M) | (5.7 M) | (3.8 M) | (914.1 K) | (914.1 K) | (914.1 K) | (914.1 K) | (1.6 M) | (3 M) | (3.3 M) | (4.1 M) | (4 M) | (3.6 M) | (3.8 M) |
| SGLY | 529.8 K | (1.8 M) | (1.8 M) | 1.6 M | 717.4 K | (2 M) | 3.6 M | 459.1 K | (6.5 M) | (16.5 M) | (10.9 M) | (28.3 M) | (23 M) | (5.1 M) | (3.9 M) | (3.5 M) | (3.7 M) |
| LICN | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 4 M | 5.8 M | 6.5 M | 7.1 M | 7.1 M | 6.4 M | 8.5 M | 7.8 M | 8.3 M | (6.1 M) | (5.5 M) | (5.2 M) |
| XPON | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (876.5 K) | (4.7 M) | (7.5 M) | (7.5 M) | (13.5 M) | (12.1 M) | (11.5 M) |
| BLMZ | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | 241 K | (15.8 M) | (221 M) | (221 M) | (198.9 M) | (189 M) |
| PMAX | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | (98.2 K) | 7.1 M | (18 M) | (16.2 M) | (15.4 M) |
| UGRO | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (2.6 M) | (3.9 M) | (8.4 M) | (5.1 M) | (875.7 K) | (15.3 M) | (18.7 M) | (18.7 M) | (36.5 M) | (34.7 M) |
Erayak Power Solution and related stocks such as Icon Energy Corp, Digital Ally, and StableX Technologies Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Erayak Power Solution financial statement analysis. It represents the amount of money remaining after all of Erayak Power Solution operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Erayak Power Competitive Analysis
The better you understand Erayak Power competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Erayak Power's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Erayak Power's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Erayak Power Competition Performance Charts
Five steps to successful analysis of Erayak Power Competition
Erayak Power's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Erayak Power Solution in relation to its competition. Erayak Power's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Erayak Power in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Erayak Power's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Erayak Power Solution, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erayak Power. Anticipated expansion of Erayak directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Erayak Power assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth (0.55) | Earnings Share 3.52 | Revenue Per Share | Quarterly Revenue Growth (0.27) | Return On Assets |
The market value of Erayak Power Solution is measured differently than its book value, which is the value of Erayak that is recorded on the company's balance sheet. Investors also form their own opinion of Erayak Power's value that differs from its market value or its book value, called intrinsic value, which is Erayak Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erayak Power's market value can be influenced by many factors that don't directly affect Erayak Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Erayak Power's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Erayak Power should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Erayak Power's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.