Galecto Correlations

GLTO Stock

USD 5.30 0.21 3.81%

The current 90-days correlation between Galecto and Neoleukin Therapeutics is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Galecto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Galecto moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Galecto Correlation With Market

Modest diversification

The correlation between Galecto and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galecto 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 Galecto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Galecto Stock, please use our How to Invest in Galecto guide.

Moving together with Galecto Stock

0.67	ELAN	Elanco Animal Health	Pair Corr
0.84	HLN	Haleon plc	Pair Corr
0.68	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.65	LLY	Eli Lilly	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.73	RDY	Dr Reddys Laboratories	Pair Corr
0.8	TAK	Takeda Pharmaceutical	Pair Corr
0.66	ZTS	Zoetis Inc	Pair Corr
0.79	LTRN	Lantern Pharma	Pair Corr
0.69	AMGN	Amgen Inc	Pair Corr
0.65	ANEB	Anebulo Pharmaceuticals	Pair Corr
0.67	ANRO	Alto Neuroscience,	Pair Corr
0.66	SIGA	SIGA Technologies	Pair Corr

Moving against Galecto Stock

0.83	EWTX	Edgewise Therapeutics	Pair Corr
0.83	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.82	ESPR	Esperion Therapeutics Buyout Trend	Pair Corr
0.75	GILD	Gilead Sciences	Pair Corr
0.69	EBS	Emergent Biosolutions	Pair Corr
0.64	GANX	Gain Therapeutics	Pair Corr
0.61	BHC	Bausch Health Companies	Pair Corr
0.55	WAT	Waters	Pair Corr
0.5	VTRS	Viatris	Pair Corr
0.47	BCTXW	BriaCell Therapeutics	Pair Corr
0.31	HCM	HUTCHMED DRC	Pair Corr
0.81	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.63	CPRX	Catalyst Pharmaceuticals	Pair Corr
0.61	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.59	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.53	CMND	Clearmind Medicine Common	Pair Corr
0.51	MNMD	Mind Medicine	Pair Corr
0.41	EW	Edwards Lifesciences Corp	Pair Corr
0.31	MOLN	Molecular Partners	Pair Corr

Related Correlations Analysis

	TERN	DAWN	ABOS	AMLX	MLTX	MOLN	CYT	CNTA	EWTX	LYEL
TERN		0.04	-0.11	-0.67	0.1	-0.41	-0.42	-0.35	-0.61	0.6	TERN
DAWN	0.04		0.72	0.47	-0.03	0.28	-0.28	0.07	0.46	0.12	DAWN
ABOS	-0.11	0.72		0.49	-0.19	0.57	-0.43	-0.15	0.38	0.06	ABOS
AMLX	-0.67	0.47	0.49		0.16	0.42	0.33	0.56	0.85	-0.54	AMLX
MLTX	0.1	-0.03	-0.19	0.16		-0.38	0.48	0.63	0.15	0.08	MLTX
MOLN	-0.41	0.28	0.57	0.42	-0.38		-0.11	-0.23	0.17	-0.28	MOLN
CYT	-0.42	-0.28	-0.43	0.33	0.48	-0.11		0.61	0.18	-0.39	CYT
CNTA	-0.35	0.07	-0.15	0.56	0.63	-0.23	0.61		0.54	-0.37	CNTA
EWTX	-0.61	0.46	0.38	0.85	0.15	0.17	0.18	0.54		-0.44	EWTX
LYEL	0.6	0.12	0.06	-0.54	0.08	-0.28	-0.39	-0.37	-0.44		LYEL
	TERN	DAWN	ABOS	AMLX	MLTX	MOLN	CYT	CNTA	EWTX	LYEL

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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

EWTX	+ 0.85	AMLX
ABOS	+ 0.72	DAWN
CNTA	+ 0.63	MLTX
CNTA	+ 0.61	CYT
LYEL	+ 0.6	TERN
MOLN	+ 0.57	ABOS

High negative correlations

AMLX	- 0.67	TERN
EWTX	- 0.61	TERN
LYEL	- 0.54	AMLX
LYEL	- 0.44	EWTX
CYT	- 0.43	ABOS
CYT	- 0.42	TERN

Risk-Adjusted Indicators

There is a big difference between Galecto Stock performing well and Galecto 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 Galecto's 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
TERN	3.37	(0.33)	0.00	(0.22)	0.00	0.00	6.02	(5.96)	34.09
DAWN	2.06	(0.09)	(0.04)	0.01	2.77	(1.91)	3.84	(3.69)	11.44
ABOS	3.54	(0.56)	0.00	(0.07)	0.00	0.00	7.52	(6.78)	28.07
AMLX	4.36	1.48	0.30	1.40	4.11	(5.11)	10.06	(6.13)	33.56
MLTX	2.35	0.00	0.05	0.13	2.81	(2.42)	4.74	(4.33)	16.94
MOLN	4.43	(0.08)	(0.01)	0.07	4.92	(5.95)	9.38	(7.97)	52.92
CYT	2.76	0.43	0.12	0.52	2.57	(3.47)	10.00	(5.26)	36.14
CNTA	2.81	0.36	0.10	0.45	3.08	(3.14)	8.37	(5.69)	21.09
EWTX	3.41	0.71	0.27	0.39	2.67	(3.91)	6.65	(4.64)	61.02
LYEL	4.85	(0.88)	0.00	(0.11)	0.00	0.00	13.39	(9.47)	36.92

Galecto Corporate Management

Garrett Esq	General VP	Profile
CPA CPA	Chief Officer	Profile
Ulf Nilsson	CoFounder	Profile
Hakon Leffler	CoFounder	Profile
Lori Firmani	Interim Officer	Profile
Anders Pedersen	Chief Officer	Profile

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