BBGI vs RAYA: Correlation
Measured on weekly returns over the past three years, Beasley Broadcast Group, Inc. (BBGI) and Erayak Power Solution Group Inc. - Class A (RAYA) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and RAYA?
Over the past 3 years, BBGI and RAYA moved with a correlation of 0.49, which is moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.49). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 14131.8 %².
Among the 22 assets we track against BBGI, RAYA ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BBGI outperformed by 426.6 percentage points (+328.8% for BBGI against -97.8% for RAYA).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BBGI vs RAYA: side by side
| BBGI (Beasley Broadcast Group, Inc.) | RAYA (Erayak Power Solution Group Inc. - Class A) | |
|---|---|---|
| 1-year return | +328.8% | -97.8% |
| 5-year return | -61.6% | n/a |
| Volatility (ann.) | 178.9% | 162.4% |
| Beta vs S&P 500 | 1.94 | 0.17 |
| Max drawdown (3Y) | -85.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBGI | RAYA |
|---|---|---|
| 2022 | -51.6% | – |
| 2023 | -4.3% | -44.7% |
| 2024 | -46.5% | +23.6% |
| 2025 | -46.8% | -98.7% |
| 2026 | +293.8% | -94.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and RAYA good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBGI and RAYA?
As of 2026-08-27, the correlation of weekly returns between BBGI and RAYA is 0.49 over 3 years, 0.69 over 1 year and 0.46 over 5 years.
Is RAYA a good diversifier for BBGI?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbgi-vs-raya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbgi-vs-raya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBGI correlations · RAYA correlations
