Closelooknet rankings · Up & Down Beta
Stocks that rise more with the market than they fall
The stocks with the biggest positive gap between their up-day beta and their down-day beta — names that participate in rallies more than they suffer in sell-offs, as measured over the last 126 trading days.
Every stock moves with the market — but not symmetrically. We measure two betas: one for the market’s up days, one for its down days. This list shows the stocks our engine marks as healthy leaders: high participation on up days, a positive gap between up-beta and down-beta, and beta-adjusted performance that is not deteriorating.
Engine run of 2026-10-23 · 6000 stocks measured against the S&P 500 · top 50 shown — the Market Structure lab holds the full toolbox behind this ranking.
| # | Stock | Beta gap | Up-beta | Down-beta | Instability | State | Market |
|---|---|---|---|---|---|---|---|
| 1 | VIX.INDX CBOE Volatility Index (VIX) | +9.95 | -2.79 | -12.74 | 69 | healthy leader | US |
| 2 | GPGI GPGI, Inc. | +3.75 | 3.87 | 0.12 | 69 | healthy leader | US |
| 3 | ABVX.PA Abivax SA | +3.72 | 2.43 | -1.29 | 62 | healthy leader | France |
| 4 | IBTA Ibotta, Inc. | +3.21 | 4.45 | 1.24 | 85 | healthy leader | US |
| 5 | LASR nLIGHT Inc | +3.16 | 4.71 | 1.55 | 73 | healthy leader | US |
| 6 | FQT.VI Frequentis AG | +3.08 | 1.71 | -1.37 | 60 | healthy leader | Austria |
| 7 | BVC BitVentures Limited | +2.94 | 2.98 | 0.03 | 31 | healthy leader | US |
| 8 | ACLS Axcelis Technologies Inc | +2.94 | 4.82 | 1.89 | 31 | healthy leader | Fab Subsystems & Process Infra |
| 9 | SYRE Spyre Therapeutics Inc. | +2.78 | 3.06 | 0.28 | 28 | healthy leader | US |
| 10 | 348340.KQ 348340.KQ | +2.76 | 4.42 | 1.66 | 71 | healthy leader | South Korea |
| 11 | CSL.AX CSL Ltd | +2.74 | 0.98 | -1.75 | 76 | healthy leader | Australia |
| 12 | BRBR Bellring Brands LLC | +2.69 | 1.26 | -1.44 | 51 | healthy leader | US |
| 13 | BHC.TO Bausch Health Companies Inc | +2.57 | 2.30 | -0.27 | 77 | healthy leader | Canada |
| 14 | VIXY ProShares VIX Short-Term Futures ETF | +2.57 | -1.57 | -4.15 | 47 | healthy leader | US |
| 15 | DRO.AX Droneshield Ltd | +2.50 | 2.91 | 0.41 | 54 | healthy leader | Autonomous Defense & Drones |
| 16 | OLLI Ollie's Bargain Outlet Hldg | +2.48 | 2.05 | -0.42 | 36 | healthy leader | United States |
| 17 | ECHO EchoStar Corporation | +2.47 | 3.79 | 1.32 | 83 | healthy leader | US |
| 18 | 096770.KS SK Innovation | +2.33 | 3.53 | 1.21 | 35 | healthy leader | South Korea |
| 19 | AVIO.MI AVIO.MI | +2.22 | 2.15 | -0.07 | 66 | healthy leader | Italy |
| 20 | SMMT Summit Therapeutics PLC | +2.21 | 3.34 | 1.14 | 37 | healthy leader | US |
| 21 | TV Grupo Televisa SAB ADR | +2.21 | 1.56 | -0.65 | 60 | healthy leader | US |
| 22 | RHM.DE Rheinmetall AG | +2.09 | 0.32 | -1.78 | 79 | healthy leader | |
| 23 | DVA DaVita HealthCare Partners Inc | +2.06 | 1.04 | -1.02 | 9 | healthy leader | United States |
| 24 | ENIC Enel Chile SA ADR | +1.98 | 2.13 | 0.15 | 28 | healthy leader | US |
| 25 | 086520.KQ 086520.KQ | +1.97 | 3.91 | 1.94 | 56 | healthy leader | South Korea |
| 26 | 688795.SHG Moore Threads Technology Co., Ltd. | +1.94 | 2.15 | 0.20 | 82 | healthy leader | China |
| 27 | STUB StubHub Holdings, Inc. | +1.94 | 1.69 | -0.25 | 15 | healthy leader | US |
| 28 | DMP.AU Domino's Pizza Enterprises Ltd | +1.92 | 1.91 | -0.00 | 34 | healthy leader | Australia |
| 29 | 8069.TWO E Ink Holdings | +1.90 | 2.49 | 0.59 | 55 | healthy leader | Taiwan |
| 30 | ACS.MC ACS Actividades de Construccion y Servicios SA | +1.88 | 1.99 | 0.11 | 12 | healthy leader | Spain |
| 31 | PXA.AU Pexa Group Ltd | +1.88 | 0.85 | -1.03 | 82 | healthy leader | Australia |
| 32 | AKO-B Embotelladora Andina S.A | +1.86 | 2.73 | 0.86 | 45 | healthy leader | US |
| 33 | POWI Power Integrations Inc | +1.84 | 3.12 | 1.28 | 40 | healthy leader | US |
| 34 | 373220.KS LG Energy Solution Ltd | +1.83 | 2.79 | 0.96 | 55 | healthy leader | South Korea |
| 35 | ESAB ESAB Corp | +1.80 | 2.19 | 0.39 | 65 | healthy leader | United States |
| 36 | HAG.DE Hensoldt AG | +1.78 | 1.09 | -0.69 | 26 | healthy leader | Autonomous Defense & Drones |
| 37 | ASX.AX ASX Ltd | +1.78 | 0.95 | -0.83 | 51 | healthy leader | Australia |
| 38 | VCT.PA Vicat S.A. | +1.76 | 1.64 | -0.13 | 37 | healthy leader | France |
| 39 | 4307.T Nomura Research Institute,Ltd. | +1.76 | 1.22 | -0.54 | 87 | healthy leader | Japan |
| 40 | LDO.MI LDO.MI | +1.75 | 0.94 | -0.81 | 55 | healthy leader | Italy |
| 41 | ISGEC.NS ISGEC.NS | +1.75 | 1.24 | -0.50 | 31 | healthy leader | India |
| 42 | TRIVENI.NS TRIVENI.NS | +1.74 | 1.56 | -0.17 | 26 | healthy leader | India |
| 43 | SUL.AU Super Retail Group Ltd | +1.73 | 0.65 | -1.08 | 47 | healthy leader | Australia |
| 44 | 9901.HK New Oriental Education And Tech Inc | +1.72 | 1.79 | 0.07 | 42 | healthy leader | Hong Kong |
| 45 | MED.SW Medartis Holding AG | +1.71 | 1.00 | -0.72 | 15 | healthy leader | Switzerland |
| 46 | CPA Copa Holdings SA | +1.71 | 2.64 | 0.93 | 13 | healthy leader | US |
| 47 | HLMN Hillman Solutions Corp | +1.70 | 2.06 | 0.36 | 44 | healthy leader | US |
| 48 | NCAB.ST NCAB Group | +1.69 | 1.98 | 0.29 | 50 | healthy leader | Sweden |
| 49 | NPK National Presto Industries Inc | +1.67 | 1.45 | -0.21 | 18 | healthy leader | US |
| 50 | W Wayfair Inc | +1.66 | 4.31 | 2.65 | 80 | healthy leader | United States |
Up-beta / down-beta: how much the stock moves on the market’s up days and down days, over the last 126 trading days. Beta gap = up-beta minus down-beta. Instability = how far the current beta has drifted from its own history (0–100).
Go deeper
- Click any stock for its full page — chart, performance, signals and the Closelooknet read in one place.
- The Market Structure lab shows the same engine as a market-wide dashboard — states, breadth and cross-asset context.
- The Directional Flow ranking grades trend quality; this family grades market relationship. A name strong on both is a different animal than a name strong on one.
- Factor Regime shows which of these profiles the market is currently paying for.
FAQ
What are up-beta and down-beta?
Beta measures how much a stock moves when the market moves. We split it in two: up-beta is measured only on the market’s up days, down-beta only on its down days. A stock with up-beta 1.4 and down-beta 0.8 rises more with rallies than it falls in sell-offs — the two numbers rarely match, and the gap between them is the interesting part.
What does the state column mean?
Our engine sorts every stock into one of five states: healthy leader (strong upside participation, positive beta gap), neutral, fragile (negative gap with elevated downside beta), distribution (fading upside with beta-adjusted underperformance) and decoupling (the relationship with the market itself is breaking down).
How often is this ranking updated?
The engine runs after every US market close across our full coverage, measured against the S&P 500. This page is rebuilt every morning and always shows the date of the run it was built from.
Is this investment advice?
No. Closelooknet publishes an investment research diary, not investment advice. The ranking describes what our engine measures in past prices. Past performance may not be an indication of future performance.
Closelooknet publishes an investment research diary, not investment advice. Past performance may not be an indication of future performance.