Galectin Therapeutics Correlations

GALT Stock

USD 1.15 0.28 32.18%

The current 90-days correlation between Galectin Therapeutics and Milestone Pharmaceuticals is 0.15 (i.e., Average diversification). The correlation of Galectin Therapeutics 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galectin Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Galectin Stock please use our How to Invest in Galectin Therapeutics guide.

Moving together with Galectin Stock

0.74	DNLI	Denali Therapeutics	Pair Corr
0.73	DOMH	Dominari Holdings	Pair Corr
0.75	DTIL	Precision BioSciences	Pair Corr
0.71	VIGL	Vigil Neuroscience	Pair Corr
0.61	VRDN	Viridian Therapeutics	Pair Corr
0.66	VRPX	Virpax Pharmaceuticals	Pair Corr
0.73	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against Galectin Stock

0.77	CDIOW	Cardio Diagnostics	Pair Corr
0.71	DRTS	Alpha Tau Medical	Pair Corr
0.67	DMAC	DiaMedica Therapeutics	Pair Corr
0.41	VCYT	Veracyte	Pair Corr
0.4	SABSW	SAB Biotherapeutics	Pair Corr
0.37	VCEL	Vericel Corp Ord	Pair Corr
0.37	DSGN	Design Therapeutics	Pair Corr
0.62	VRNA	Verona Pharma PLC	Pair Corr
0.56	DYAI	Dyadic International	Pair Corr
0.34	DVAX	Dynavax Technologies	Pair Corr
0.31	VTYX	Ventyx Biosciences	Pair Corr

Related Correlations Analysis

	MDGL	VKTX	SRPT	HEPA	PTCT	ICPT	TERN	AKRO	RETA	DMAC
MDGL		-0.56	-0.23	-0.29	0.71	-0.75	-0.65	0.57	0.25	0.42	MDGL
VKTX	-0.56		0.28	0.55	-0.62	0.36	0.6	0.21	-0.71	-0.66	VKTX
SRPT	-0.23	0.28		-0.02	0.19	0.01	0.22	0.11	-0.26	0.34	SRPT
HEPA	-0.29	0.55	-0.02		-0.43	0.32	0.28	0.22	-0.71	-0.61	HEPA
PTCT	0.71	-0.62	0.19	-0.43		-0.72	-0.61	0.28	0.3	0.75	PTCT
ICPT	-0.75	0.36	0.01	0.32	-0.72		0.79	-0.45	-0.03	-0.42	ICPT
TERN	-0.65	0.6	0.22	0.28	-0.61	0.79		-0.19	-0.14	-0.43	TERN
AKRO	0.57	0.21	0.11	0.22	0.28	-0.45	-0.19		-0.4	-0.08	AKRO
RETA	0.25	-0.71	-0.26	-0.71	0.3	-0.03	-0.14	-0.4		0.51	RETA
DMAC	0.42	-0.66	0.34	-0.61	0.75	-0.42	-0.43	-0.08	0.51		DMAC
	MDGL	VKTX	SRPT	HEPA	PTCT	ICPT	TERN	AKRO	RETA	DMAC

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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

TERN	+ 0.79	ICPT
DMAC	+ 0.75	PTCT
PTCT	+ 0.71	MDGL
TERN	+ 0.6	VKTX
AKRO	+ 0.57	MDGL
HEPA	+ 0.55	VKTX

High negative correlations

ICPT	- 0.75	MDGL
ICPT	- 0.72	PTCT
RETA	- 0.71	HEPA
RETA	- 0.71	VKTX
DMAC	- 0.66	VKTX
TERN	- 0.65	MDGL

Risk-Adjusted Indicators

There is a big difference between Galectin Stock performing well and Galectin Therapeutics 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 Galectin Therapeutics' 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
MDGL	2.58	0.62	0.26	0.65	1.96	(3.33)	5.17	(3.96)	30.27
VKTX	3.23	(0.55)	0.00	(0.72)	0.00	0.00	5.82	(8.05)	39.28
SRPT	1.82	(0.02)	0.00	(0.03)	0.00	0.00	3.75	(4.04)	18.21
HEPA	3.71	(0.47)	0.00	1.05	0.00	0.00	8.06	(8.00)	35.17
PTCT	2.86	0.38	0.14	0.87	2.35	(4.01)	7.02	(4.04)	23.95
ICPT	2.96	(0.77)	0.00	1.42	0.00	0.00	5.23	(8.32)	38.17
TERN	3.04	(0.65)	0.00	(1.53)	0.00	0.00	5.17	(6.80)	26.61
AKRO	2.64	0.05	0.01	0.34	3.12	(2.70)	5.23	(5.28)	13.97
RETA	2.22	0.21	0.05	(0.32)	3.31	(2.35)	5.24	(3.51)	28.80
DMAC	3.34	0.53	0.13	2.38	3.49	(4.06)	8.64	(4.61)	47.69

Galectin Therapeutics Corporate Management

CPA CPA	Treasurer CFO	Profile
Khurram MD	Chief Officer	Profile
Jeff Katstra	Head Development	Profile
Robert Tritt	General Counsel	Profile
Beth Knowles	Executive Manager	Profile

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