BNKK vs RAYA: Correlation
How closely do Bonk, Inc. (BNKK) and Erayak Power Solution Group Inc. - Class A (RAYA) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNKK and RAYA?
On 3 years of weekly data the BNKK/RAYA correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.17 over 3. The 5-year figure is -0.16, and annualized covariance runs at -3648.3 %².
RAYA is close to the least connected end of BNKK's tracked universe, ranking #8 of 10. Over the last 12 months BNKK came out ahead by 6.8 percentage points (-91.0% against -97.8%).
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.
BNKK vs RAYA: side by side
| BNKK (Bonk, Inc.) | RAYA (Erayak Power Solution Group Inc. - Class A) | |
|---|---|---|
| 1-year return | -91.0% | -97.8% |
| 5-year return | -97.8% | n/a |
| Volatility (ann.) | 129.2% | 162.4% |
| Beta vs S&P 500 | 1.49 | 0.17 |
| Max drawdown (3Y) | -99.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNKK | RAYA |
|---|---|---|
| 2022 | -13.5% | – |
| 2023 | +355.8% | -44.7% |
| 2024 | -79.5% | +23.6% |
| 2025 | -89.8% | -98.7% |
| 2026 | -48.8% | -94.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNKK and RAYA good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNKK and RAYA?
The BNKK/RAYA correlation stands at -0.17 on a 3-year window (1 year: -0.13, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is RAYA a good diversifier for BNKK?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bnkk-vs-raya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnkk-vs-raya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNKK correlations · RAYA correlations
