Galecto Correlations

GLTO Stock

USD 29.49 0.41 1.41%

The current 90-days correlation between Galecto and Transcode Therapeutics is 0.26 (i.e., Modest 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

Significant diversification

The correlation between Galecto and DJI is 0.06 (i.e., Significant 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.

Build AI portfolio with Galecto Stock

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 population.

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

Moving together with Galecto Stock

0.61	DMAC	DiaMedica Therapeutics	Pair Corr
0.7	DNLI	Denali Therapeutics	Pair Corr
0.7	DNTH	Dianthus Therapeutics	Pair Corr
0.67	VCYT	Veracyte	Pair Corr
0.78	VERA	Vera Therapeutics	Pair Corr
0.78	DRUG	Bright Minds Biosciences	Pair Corr
0.8	DSGN	Design Therapeutics	Pair Corr
0.79	0P6S	Bayer AG NA	Pair Corr
0.72	DVAX	Dynavax Technologies Trending	Pair Corr
0.63	VKTX	Viking Therapeutics	Pair Corr
0.86	VRDN	Viridian Therapeutics	Pair Corr
0.84	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against Galecto Stock

0.82	PYC	Physiomics Plc	Pair Corr
0.79	DRMA	Dermata Therapeutics Buyout Trend	Pair Corr
0.76	DYAI	Dyadic International	Pair Corr
0.67	VINC	Vincerx Pharma, Common	Pair Corr
0.66	AVH	Avita Medical	Pair Corr
0.65	VALN	Valneva SE ADR	Pair Corr
0.64	VIVS	VivoSim Labs, Symbol Change	Pair Corr
0.63	EQ	Equillium Buyout Trend	Pair Corr
0.63	688578	Shanghai Allist Phar	Pair Corr
0.52	RAC	Race Oncology	Pair Corr
0.52	DTIL	Precision BioSciences	Pair Corr
0.43	VANI	Vivani Medical	Pair Corr
0.31	CMB	Cambium Bio	Pair Corr
0.83	ELUT	Elutia Inc	Pair Corr
0.79	MRVL	Marvel Biosciences Corp	Pair Corr
0.79	ENSC	Ensysce Biosciences	Pair Corr
0.74	ELDN	Eledon Pharmaceuticals	Pair Corr
0.74	300676	BGI Genomics	Pair Corr
0.72	ALA	Arovella Therapeutics	Pair Corr
0.69	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.69	EDSA	Edesa Biotech	Pair Corr

Related Correlations Analysis

	RNAZ	PHIO	APRE	KPRX	INAB	ACXP	APVO	LYRA	ADIL	BCDA
RNAZ		0.77	0.79	0.72	0.67	0.87	0.69	0.82	0.76	0.39	RNAZ
PHIO	0.77		0.91	0.93	0.86	0.63	0.82	0.94	0.87	0.23	PHIO
APRE	0.79	0.91		0.79	0.8	0.67	0.82	0.83	0.85	0.25	APRE
KPRX	0.72	0.93	0.79		0.74	0.62	0.75	0.94	0.78	0.17	KPRX
INAB	0.67	0.86	0.8	0.74		0.51	0.7	0.82	0.84	0.42	INAB
ACXP	0.87	0.63	0.67	0.62	0.51		0.64	0.68	0.7	0.37	ACXP
APVO	0.69	0.82	0.82	0.75	0.7	0.64		0.79	0.81	0.26	APVO
LYRA	0.82	0.94	0.83	0.94	0.82	0.68	0.79		0.85	0.33	LYRA
ADIL	0.76	0.87	0.85	0.78	0.84	0.7	0.81	0.85		0.34	ADIL
BCDA	0.39	0.23	0.25	0.17	0.42	0.37	0.26	0.33	0.34		BCDA
	RNAZ	PHIO	APRE	KPRX	INAB	ACXP	APVO	LYRA	ADIL	BCDA

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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
RNAZ	4.03	(0.54)	0.00	(1.31)	0.00	0.00	9.74	(8.21)	30.84
PHIO	2.98	(1.26)	0.00	(0.40)	0.00	0.00	4.88	(9.27)	19.57
APRE	2.98	(0.72)	0.00	(0.28)	0.00	0.00	4.40	(8.40)	17.87
KPRX	2.72	(0.34)	0.00	(0.16)	0.00	0.00	5.70	(6.25)	21.80
INAB	4.03	(0.27)	0.00	(0.05)	0.00	0.00	10.97	(9.18)	27.61
ACXP	6.05	0.30	0.05	0.36	5.24	(8.02)	10.99	(9.34)	99.56
APVO	4.20	(0.75)	0.00	(0.26)	0.00	0.00	8.54	(7.96)	36.30
LYRA	3.98	(0.85)	0.00	(0.47)	0.00	0.00	7.51	(8.49)	30.53
ADIL	2.87	(0.47)	0.00	(0.32)	0.00	0.00	5.71	(7.69)	18.11
BCDA	3.49	0.22	0.07	0.18	3.79	(4.17)	7.58	(6.80)	37.37

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

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