Galecto Correlations

GLTO Stock

USD 29.78 2.52 7.80%

The current 90-days correlation between Galecto and Biocardia is 0.06 (i.e., Significant 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 0.41 (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 population.

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

Moving together with Galecto Stock

0.62

VINC

Vincerx Pharma Common

Pair Corr

Moving against Galecto Stock

0.53	OSE	OSE Pharma SA	Pair Corr
0.46	VCYT	Veracyte	Pair Corr
0.45	RAC	Race Oncology	Pair Corr
0.37	VCEL	Vericel Corp Ord	Pair Corr
0.35	OB3	OPTIBIOTIX HLTH PLC	Pair Corr
0.66	ABNX	Abionyx Pharma SA Earnings Call This Week	Pair Corr
0.47	DRMA	Dermata Therapeutics	Pair Corr
0.42	9OF	BIORESTORATTHERAPDL	Pair Corr
0.34	BIM	Biomerieux SA Earnings Call Today	Pair Corr

Related Correlations Analysis

	RNAZ	PHIO	APRE	KPRX	INAB	ACXP	APVO	LYRA	ADIL	BCDA
RNAZ		-0.12	-0.33	0.2	-0.2	-0.31	-0.21	-0.57	-0.33	-0.02	RNAZ
PHIO	-0.12		0.23	-0.25	-0.04	0.18	0.31	0.17	0.18	0.26	PHIO
APRE	-0.33	0.23		-0.56	-0.04	0.76	0.78	0.68	0.78	0.63	APRE
KPRX	0.2	-0.25	-0.56		0.24	-0.34	-0.43	-0.28	-0.25	-0.04	KPRX
INAB	-0.2	-0.04	-0.04	0.24		-0.12	-0.39	-0.09	0.09	0.14	INAB
ACXP	-0.31	0.18	0.76	-0.34	-0.12		0.87	0.84	0.92	0.72	ACXP
APVO	-0.21	0.31	0.78	-0.43	-0.39	0.87		0.79	0.82	0.66	APVO
LYRA	-0.57	0.17	0.68	-0.28	-0.09	0.84	0.79		0.84	0.58	LYRA
ADIL	-0.33	0.18	0.78	-0.25	0.09	0.92	0.82	0.84		0.79	ADIL
BCDA	-0.02	0.26	0.63	-0.04	0.14	0.72	0.66	0.58	0.79		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

ADIL	+ 0.92	ACXP
APVO	+ 0.87	ACXP
LYRA	+ 0.84	ACXP
ADIL	+ 0.84	LYRA
ADIL	+ 0.82	APVO
LYRA	+ 0.79	APVO

High negative correlations

LYRA	- 0.57	RNAZ
KPRX	- 0.56	APRE
APVO	- 0.43	KPRX
APVO	- 0.39	INAB
ACXP	- 0.34	KPRX
ADIL	- 0.33	RNAZ

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	4.88	0.38	0.06	1.91	4.91	(5.78)	16.20	(7.47)	35.66
PHIO	4.52	(0.07)	0.00	0.06	5.63	(5.62)	7.34	(9.65)	56.33
APRE	4.51	(0.27)	0.00	(0.06)	0.00	0.00	11.29	(10.58)	46.26
KPRX	2.46	0.18	0.06	0.33	2.55	(2.82)	4.44	(3.90)	16.69
INAB	5.07	0.07	0.04	0.14	4.92	(6.54)	14.29	(8.88)	37.96
ACXP	4.08	(1.25)	0.00	(0.93)	0.00	0.00	9.45	(7.89)	49.19
APVO	5.04	(1.39)	0.00	(0.79)	0.00	0.00	8.66	(9.42)	43.37
LYRA	5.67	(1.12)	0.00	(0.52)	0.00	0.00	13.48	(12.75)	66.89
ADIL	3.17	(1.60)	0.00	(1.97)	0.00	0.00	5.70	(8.24)	34.48
BCDA	2.56	(0.24)	0.00	(0.02)	0.00	0.00	5.98	(6.03)	19.36

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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