RLX Technology Correlations

RLX Stock

USD 2.31 0.04 1.70%

The current 90-days correlation between RLX Technology and Inter Parfums is -0.03 (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

Significant diversification

The correlation between RLX Technology and DJI is 0.06 (i.e., Significant 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.

Build AI portfolio with RLX Stock

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 board of governors.

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

Moving against RLX Stock

0.36	PPERF	Bank Mandiri Persero	Pair Corr
0.32	PPERY	Bank Mandiri Persero	Pair Corr
0.56	RKLB	Rocket Lab USA Buyout Trend	Pair Corr
0.55	AA	Alcoa Corp	Pair Corr
0.53	BAC	Bank of America	Pair Corr
0.48	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.47	DIS	Walt Disney	Pair Corr
0.44	CAT	Caterpillar	Pair Corr
0.41	FTV	Fortive Corp	Pair Corr
0.38	WMT	Walmart Common Stock	Pair Corr
0.32	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	IPAR	FIZZ	LRN	CHA	TPB	CHEF	FRPT	TBBB	FLO	COCO
IPAR		0.58	0.89	0.74	-0.71	-0.46	-0.54	-0.7	0.94	-0.8	IPAR
FIZZ	0.58		0.8	0.8	-0.74	-0.77	-0.52	-0.62	0.72	-0.48	FIZZ
LRN	0.89	0.8		0.79	-0.76	-0.67	-0.57	-0.67	0.9	-0.69	LRN
CHA	0.74	0.8	0.79		-0.83	-0.64	-0.59	-0.69	0.82	-0.69	CHA
TPB	-0.71	-0.74	-0.76	-0.83		0.71	0.79	0.73	-0.75	0.75	TPB
CHEF	-0.46	-0.77	-0.67	-0.64	0.71		0.71	0.68	-0.55	0.54	CHEF
FRPT	-0.54	-0.52	-0.57	-0.59	0.79	0.71		0.83	-0.56	0.8	FRPT
TBBB	-0.7	-0.62	-0.67	-0.69	0.73	0.68	0.83		-0.78	0.9	TBBB
FLO	0.94	0.72	0.9	0.82	-0.75	-0.55	-0.56	-0.78		-0.79	FLO
COCO	-0.8	-0.48	-0.69	-0.69	0.75	0.54	0.8	0.9	-0.79		COCO
	IPAR	FIZZ	LRN	CHA	TPB	CHEF	FRPT	TBBB	FLO	COCO

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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

FLO	+ 0.94	IPAR
FLO	+ 0.9	LRN
COCO	+ 0.9	TBBB
LRN	+ 0.89	IPAR
TBBB	+ 0.83	FRPT
FLO	+ 0.82	CHA

High negative correlations

TPB	- 0.83	CHA
COCO	- 0.8	IPAR
COCO	- 0.79	FLO
FLO	- 0.78	TBBB
CHEF	- 0.77	FIZZ
TPB	- 0.76	LRN

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
IPAR	1.09	(0.17)	0.00	(0.24)	0.00	0.00	1.86	(3.84)	8.92
FIZZ	1.32	(0.25)	0.00	(5.18)	0.00	0.00	2.99	(3.05)	7.83
LRN	2.48	(0.82)	0.00	(1.11)	0.00	0.00	3.45	(3.81)	59.00
CHA	2.50	(0.36)	0.00	(0.16)	0.00	0.00	6.04	(4.47)	16.14
TPB	1.59	0.19	0.04	(0.95)	2.40	(1.60)	3.88	(3.43)	10.26
CHEF	1.31	0.13	0.06	0.32	1.50	(1.31)	2.30	(2.35)	10.20
FRPT	2.11	0.16	0.05	0.40	2.49	(2.25)	5.47	(4.60)	18.92
TBBB	2.08	0.49	0.17	0.67	2.41	(2.27)	4.82	(3.61)	15.82
FLO	1.31	(0.35)	0.00	(0.81)	0.00	0.00	2.08	(3.71)	7.08
COCO	1.90	0.36	0.13	1.88	2.07	(2.10)	4.54	(3.37)	13.09

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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