EJH vs RAY: Correlation
E-Home Household Service Holdings Limited (EJH) and Raytech Holding Limited (RAY) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EJH and RAY?
Over the past 3 years, EJH and RAY moved with a correlation of 0.24, which is weak. Little has changed lately, as the 1-year reading of 0.15 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5260.1 %².
Few assets follow EJH as closely as RAY, which ranks #1 of 38 tracked partners. Over the last 12 months RAY came out ahead by 12.0 percentage points (-96.0% against -84.0%).
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.
EJH vs RAY: side by side
| EJH (E-Home Household Service Holdings Limited) | RAY (Raytech Holding Limited) | |
|---|---|---|
| 1-year return | -96.0% | -84.0% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 167.4% | 146.1% |
| Beta vs S&P 500 | -1.07 | 0.37 |
| Max drawdown (3Y) | -100.0% | -97.7% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | 3.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EJH | RAY |
|---|---|---|
| 2022 | -98.5% | – |
| 2023 | -90.7% | – |
| 2024 | -99.7% | – |
| 2025 | -97.6% | -90.5% |
| 2026 | -93.1% | +36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EJH and RAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EJH and RAY?
The EJH/RAY correlation stands at 0.24 on a 3-year window (1 year: 0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RAY a good diversifier for EJH?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 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/ejh-vs-ray.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ejh-vs-ray/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EJH correlations · RAY correlations
