RAY vs YEXT: Correlation
How closely do Raytech Holding Limited (RAY) and Yext, Inc. (YEXT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAY and YEXT?
Across a 3-year window, the weekly returns of RAY and YEXT correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.23 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1865.4 %².
Among the 32 assets we track against RAY, YEXT ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months YEXT outperformed by 58.1 percentage points (-84.0% for RAY against -25.9% for YEXT). Note the risk asymmetry: RAY runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
RAY vs YEXT: side by side
| RAY (Raytech Holding Limited) | YEXT (Yext, Inc.) | |
|---|---|---|
| 1-year return | -84.0% | -25.9% |
| 5-year return | n/a | -50.0% |
| Volatility (ann.) | 146.1% | 53.6% |
| Beta vs S&P 500 | 0.37 | 0.82 |
| Max drawdown (3Y) | -97.7% | -63.5% |
| Market cap | – | $0.7B |
| P/E (trailing) | 3.0 | 84.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RAY | YEXT |
|---|---|---|
| 2022 | – | -34.2% |
| 2023 | – | -9.8% |
| 2024 | – | +8.0% |
| 2025 | -90.5% | +26.7% |
| 2026 | +36.0% | -16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAY and YEXT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between RAY and YEXT?
The RAY/YEXT correlation stands at -0.23 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is YEXT a good diversifier for RAY?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/ray-vs-yext.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ray-vs-yext/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RAY correlations · YEXT correlations
