Galapagos Correlations

GLPG Stock  EUR 25.48  0.18  0.71%   
The current 90-days correlation between Galapagos NV and Argen X is 0.13 (i.e., Average diversification). The correlation of Galapagos 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.

Galapagos Correlation With Market

GalapagosDowDiversified AwayGalapagosDowDiversified Away100%

Significant diversification

The correlation between Galapagos NV and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galapagos NV and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Galapagos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galapagos when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Galapagos - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Galapagos NV to buy it.

Moving against Galapagos Stock

  0.72REN Relx PLCPairCorr
  0.56INGA ING Groep NVPairCorr
  0.56AZRN Azerion Group NVPairCorr
  0.46SHELL Shell PLCPairCorr
  0.44UMG Universal Music GroupPairCorr
  0.41ABN ABN Amro GroupPairCorr
  0.31ASML ASML Holding NVPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PHARMARGX
ADARGX
ADBAR
BARPHARM
BCARTARGX
BCARTPHARM
  
High negative correlations   
BARARGX
ADPHARM
ADBCART
BCARTBAR
BCARTPHARM
BCARTARGX

Risk-Adjusted Indicators

There is a big difference between Galapagos Stock performing well and Galapagos 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 Galapagos' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Galapagos without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run ETFs Now

   

ETFs

Find actively traded Exchange Traded Funds (ETF) from around the world
All  Next Launch Module

Galapagos Corporate Management

Elected by the shareholders, the Galapagos' board of directors comprises two types of representatives: Galapagos inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galapagos. The board's role is to monitor Galapagos' management team and ensure that shareholders' interests are well served. Galapagos' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Galapagos' outside directors are responsible for providing unbiased perspectives on the board's policies.
Elizabeth GoodwinVP Corporate Communications & Investor RelationsProfile
John MontanaManaging ArgentaProfile
Michele MBAChief BoardProfile
Walid AbiSaabMember of the Executive Committee, Chief Medical OfficerProfile
Marieke VermeerschHead CommunicationProfile
Chantal TassetHead DevelProfile