Galectin Therapeutics Correlations

GALT Stock

USD 1.59 0.06 3.92%

The current 90-days correlation between Galectin Therapeutics and DiaMedica Therapeutics is 0.17 (i.e., Average diversification). The correlation of Galectin Therapeutics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Galectin Therapeutics Correlation With Market

Good diversification

The correlation between Galectin Therapeutics and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galectin Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galectin Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Galectin Stock please use our How to Invest in Galectin Therapeutics guide.

Moving together with Galectin Stock

0.64	LUCD	Lucid Diagnostics	Pair Corr
0.68	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.66	T	ATT Inc Sell-off Trend	Pair Corr

Moving against Galectin Stock

0.7	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.68	CMND	Clearmind Medicine Common	Pair Corr
0.59	SCLX	Scilex Holding	Pair Corr
0.54	CDIOW	Cardio Diagnostics	Pair Corr
0.47	ELVN	Enliven Therapeutics	Pair Corr
0.4	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.37	CDIO	Cardio Diagnostics	Pair Corr
0.36	MLSS	Milestone Scientific Earnings Call This Week	Pair Corr
0.57	CAT	Caterpillar	Pair Corr
0.56	MSFT	Microsoft Aggressive Push	Pair Corr
0.5	HD	Home Depot	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.37	BA	Boeing	Pair Corr
0.35	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	MDGL	VKTX	SRPT	HEPA	PTCT	ICPT	TERN	AKRO	RETA	DMAC
MDGL		-0.27	-0.18	-0.38	0.36	0.0	-0.5	0.64	0.0	0.37	MDGL
VKTX	-0.27		0.7	0.87	-0.69	0.0	0.62	-0.55	0.0	-0.35	VKTX
SRPT	-0.18	0.7		0.78	-0.87	0.0	0.26	-0.2	0.0	0.19	SRPT
HEPA	-0.38	0.87	0.78		-0.81	0.0	0.53	-0.55	0.0	-0.29	HEPA
PTCT	0.36	-0.69	-0.87	-0.81		0.0	-0.35	0.38	0.0	0.05	PTCT
ICPT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ICPT
TERN	-0.5	0.62	0.26	0.53	-0.35	0.0		-0.59	0.0	-0.37	TERN
AKRO	0.64	-0.55	-0.2	-0.55	0.38	0.0	-0.59		0.0	0.54	AKRO
RETA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RETA
DMAC	0.37	-0.35	0.19	-0.29	0.05	0.0	-0.37	0.54	0.0		DMAC
	MDGL	VKTX	SRPT	HEPA	PTCT	ICPT	TERN	AKRO	RETA	DMAC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HEPA	+ 0.87	VKTX
HEPA	+ 0.78	SRPT
SRPT	+ 0.7	VKTX
AKRO	+ 0.64	MDGL
TERN	+ 0.62	VKTX
DMAC	+ 0.54	AKRO

High negative correlations

PTCT	- 0.87	SRPT
PTCT	- 0.81	HEPA
PTCT	- 0.69	VKTX
AKRO	- 0.59	TERN
AKRO	- 0.55	HEPA
AKRO	- 0.55	VKTX

Risk-Adjusted Indicators

There is a big difference between Galectin Stock performing well and Galectin Therapeutics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Galectin Therapeutics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MDGL	2.99	0.28	0.07	0.21	3.97	(2.99)	7.64	(5.66)	23.14
VKTX	3.51	(0.53)	0.00	0.60	0.00	0.00	7.71	(7.34)	24.65
SRPT	2.37	(0.70)	0.00	0.70	0.00	0.00	4.28	(5.18)	32.12
HEPA	10.24	(4.16)	0.00	31.46	0.00	0.00	16.37	(31.39)	90.05
PTCT	1.78	0.39	0.20	(1.93)	1.82	(2.02)	4.33	(2.97)	13.60
ICPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TERN	3.07	(0.93)	0.00	(0.94)	0.00	0.00	5.03	(6.98)	19.13
AKRO	4.31	1.20	0.35	0.73	2.88	(5.92)	4.92	(5.64)	104.81
RETA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DMAC	2.59	(0.04)	0.00	(0.23)	0.00	0.00	5.39	(4.90)	20.98

Galectin Therapeutics Corporate Management

CPA CPA	Treasurer CFO	Profile
Khurram MD	Chief Officer	Profile
Jeff Katstra	Head Development	Profile
Robert Tritt	General Counsel	Profile
Beth Knowles	Executive Manager	Profile

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