Galecto Correlations

GLTO Stock

USD 22.63 1.15 4.84%

The current 90-days correlation between Galecto and In8bio Inc is 0.18 (i.e., Average 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

Very weak diversification

The correlation between Galecto and DJI is 0.49 (i.e., Very weak 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 poverty.

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

Moving together with Galecto Stock

0.69	DSGN	Design Therapeutics	Pair Corr
0.63	ENGN	enGene Holdings Common	Pair Corr
0.64	AVE	Avecho Biotechnology	Pair Corr
0.7	SVRA	Savara Inc	Pair Corr

Moving against Galecto Stock

0.65	QSI	QuantumSi	Pair Corr
0.65	GNLX	Genelux Common	Pair Corr
0.64	KRRO	Frequency Therapeutics	Pair Corr
0.62	IMRN	Immuron Ltd ADR	Pair Corr
0.58	EVGN	Evogene	Pair Corr
0.53	EDIT	Editas Medicine	Pair Corr
0.49	LYRA	Lyra Therapeutics	Pair Corr
0.49	PROK	ProKidney Corp	Pair Corr
0.48	MBIO	Mustang Bio	Pair Corr
0.46	ACXP	Acurx Pharmaceuticals LLC	Pair Corr
0.4	PRQR	ProQR Therapeutics	Pair Corr
0.33	RNAZ	Transcode Therapeutics Upward Rally	Pair Corr

Related Correlations Analysis

	RNAZ	PHIO	APRE	KPRX	INAB	ACXP	APVO	LYRA	ADIL	BCDA
RNAZ		0.38	0.22	0.41	-0.29	0.29	0.24	0.08	0.08	0.14	RNAZ
PHIO	0.38		0.85	0.4	-0.27	0.78	0.71	0.76	-0.2	0.28	PHIO
APRE	0.22	0.85		0.02	-0.41	0.87	0.85	0.76	-0.3	0.33	APRE
KPRX	0.41	0.4	0.02		-0.01	0.11	-0.01	0.13	0.22	-0.14	KPRX
INAB	-0.29	-0.27	-0.41	-0.01		-0.63	-0.72	-0.49	0.0	0.02	INAB
ACXP	0.29	0.78	0.87	0.11	-0.63		0.89	0.78	-0.25	0.23	ACXP
APVO	0.24	0.71	0.85	-0.01	-0.72	0.89		0.81	-0.24	0.35	APVO
LYRA	0.08	0.76	0.76	0.13	-0.49	0.78	0.81		-0.26	0.24	LYRA
ADIL	0.08	-0.2	-0.3	0.22	0.0	-0.25	-0.24	-0.26		-0.42	ADIL
BCDA	0.14	0.28	0.33	-0.14	0.02	0.23	0.35	0.24	-0.42		BCDA
	RNAZ	PHIO	APRE	KPRX	INAB	ACXP	APVO	LYRA	ADIL	BCDA

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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

APVO	+ 0.89	ACXP
ACXP	+ 0.87	APRE
APRE	+ 0.85	PHIO
APVO	+ 0.85	APRE
LYRA	+ 0.81	APVO
ACXP	+ 0.78	PHIO

High negative correlations

APVO	- 0.72	INAB
ACXP	- 0.63	INAB
LYRA	- 0.49	INAB
BCDA	- 0.42	ADIL
INAB	- 0.41	APRE
ADIL	- 0.3	APRE

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	4.20	(0.35)	0.00	(1.00)	0.00	0.00	8.35	(8.21)	34.47
PHIO	3.26	(1.30)	0.00	(0.58)	0.00	0.00	4.88	(9.27)	19.15
APRE	3.88	(1.10)	0.00	(0.56)	0.00	0.00	4.40	(10.58)	46.26
KPRX	2.56	(0.12)	0.00	(0.08)	0.00	0.00	5.32	(5.19)	16.69
INAB	5.05	0.12	0.03	0.09	5.06	(6.86)	14.29	(9.18)	37.96
ACXP	4.44	(1.17)	0.00	(0.94)	0.00	0.00	10.84	(8.06)	49.19
APVO	4.60	(2.10)	0.00	(2.55)	0.00	0.00	6.67	(10.34)	43.37
LYRA	5.52	(1.37)	0.00	(1.40)	0.00	0.00	13.48	(12.75)	66.89
ADIL	73.41	32.12	1.69	0.48	11.60	(179.86)	6.67	(7.69)	2,483
BCDA	2.62	(0.15)	0.00	(0.18)	0.00	0.00	5.93	(6.03)	17.38

Galecto Corporate Management

Matthew Kronmiller	EVP Officer	Profile
CPA CPA	Chief Officer	Profile
Becker MD	Chief Officer	Profile
Pr MD	Chief Officer	Profile
Ulf Nilsson	CoFounder	Profile

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