CUE vs RAYA: Correlation
Cue Biopharma, Inc. (CUE) and Erayak Power Solution Group Inc. - Class A (RAYA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUE and RAYA?
Across a 3-year window, the weekly returns of CUE and RAYA correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.36, with an annualized covariance of 9816.3 %².
Within CUE's tracked universe of 15 assets, RAYA comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CUE ahead by 111.4 points (+13.6% versus -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.
CUE vs RAYA: side by side
| CUE (Cue Biopharma, Inc.) | RAYA (Erayak Power Solution Group Inc. - Class A) | |
|---|---|---|
| 1-year return | +13.6% | -97.8% |
| 5-year return | -92.2% | n/a |
| Volatility (ann.) | 155.6% | 162.4% |
| Beta vs S&P 500 | 2.74 | 0.17 |
| Max drawdown (3Y) | -94.3% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUE | RAYA |
|---|---|---|
| 2022 | -74.8% | – |
| 2023 | -7.4% | -44.7% |
| 2024 | -58.7% | +23.6% |
| 2025 | -72.0% | -98.7% |
| 2026 | +207.8% | -94.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUE and RAYA good diversifiers for each other?
Reasonably. At 0.39, CUE and RAYA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CUE and RAYA?
As of 2026-08-27, the correlation of weekly returns between CUE and RAYA is 0.39 over 3 years, 0.67 over 1 year and 0.36 over 5 years.
Is RAYA a good diversifier for CUE?
Reasonably. At 0.39, CUE and RAYA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/cue-vs-raya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cue-vs-raya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CUE correlations · RAYA correlations
