RAYA vs SUIG: Correlation
Erayak Power Solution Group Inc. - Class A (RAYA) and Sui Group Holdings Limited (SUIG) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAYA and SUIG?
On 3 years of weekly data the RAYA/SUIG correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.29 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -7736.1 %².
Out of 20 assets tracked against RAYA, SUIG lands near the bottom at #19. On 12-month performance SUIG holds a 14.4-point edge, -97.8% against -83.4%.
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.
RAYA vs SUIG: side by side
| RAYA (Erayak Power Solution Group Inc. - Class A) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | -97.8% | -83.4% |
| 5-year return | n/a | -88.3% |
| Volatility (ann.) | 162.4% | 162.1% |
| Beta vs S&P 500 | 0.17 | 1.61 |
| Max drawdown (3Y) | -100.0% | -89.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RAYA | SUIG |
|---|---|---|
| 2022 | – | -75.1% |
| 2023 | -44.7% | +19.5% |
| 2024 | +23.6% | -20.3% |
| 2025 | -98.7% | -14.4% |
| 2026 | -94.0% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAYA and SUIG good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RAYA and SUIG?
As of 2026-08-27, the correlation of weekly returns between RAYA and SUIG is -0.29 over 3 years, -0.09 over 1 year and -0.27 over 5 years.
Is SUIG a good diversifier for RAYA?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/raya-vs-suig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/raya-vs-suig/)
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Related comparisons
Hubs: RAYA correlations · SUIG correlations
