Closelook 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 2026-09-11 · 3482 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 | TRE.MC Tecnicas Reunidas | +2.64 | 3.04 | 0.40 | 49 | healthy leader | Spain |
| 2 | 263750.KQ 263750.KQ | +2.45 | 1.37 | -1.08 | 66 | healthy leader | South Korea |
| 3 | IBRX Immunitybio Inc | +2.34 | 3.36 | 1.02 | 57 | healthy leader | US |
| 4 | LTM LATAM Airlines Group S.A. | +2.23 | 3.39 | 1.16 | 52 | healthy leader | US |
| 5 | CSL.AX CSL Ltd | +2.12 | 0.59 | -1.53 | 26 | healthy leader | Australia |
| 6 | VFS VinFast Auto Ltd. Ordinary Shares | +2.00 | 1.71 | -0.30 | 61 | healthy leader | US |
| 7 | UWMC UWM Holdings Corp | +1.91 | 0.96 | -0.94 | 60 | healthy leader | United States |
| 8 | SNDK Sandisk Corp | +1.85 | 4.68 | 2.83 | 51 | healthy leader | Storage |
| 9 | WULF Terawulf Inc | +1.82 | 4.19 | 2.37 | 55 | healthy leader | US |
| 10 | GLW Corning Incorporated | +1.79 | 3.85 | 2.07 | 70 | healthy leader | Substrates & Interposers |
| 11 | KEP Korea Electric Power Corp ADR | +1.63 | 2.67 | 1.04 | 38 | healthy leader | US |
| 12 | CLSK CleanSpark Inc | +1.60 | 3.76 | 2.17 | 57 | healthy leader | US |
| 13 | 010140.KS Samsung Heavy Industries | +1.55 | 1.42 | -0.13 | 78 | healthy leader | South Korea |
| 14 | FRO Frontline Ltd | +1.54 | 1.37 | -0.17 | 38 | healthy leader | US |
| 15 | 047050.KS Posco International Corp | +1.54 | 0.97 | -0.56 | 44 | healthy leader | South Korea |
| 16 | OLLI Ollie's Bargain Outlet Hldg | +1.53 | 1.24 | -0.29 | 57 | healthy leader | United States |
| 17 | NTLA Intellia Therapeutics Inc | +1.51 | 2.92 | 1.42 | 17 | healthy leader | US |
| 18 | MRO.L Melrose Industries PLC | +1.49 | 1.60 | 0.11 | 42 | healthy leader | UK |
| 19 | MRO.LSE Melrose Industries PLC | +1.49 | 1.60 | 0.11 | 42 | healthy leader | United Kingdom |
| 20 | FUTU Futu Holdings Ltd | +1.47 | 2.39 | 0.92 | 28 | healthy leader | US |
| 21 | PPTA.TO Perpetua Resources Corp | +1.43 | 3.72 | 2.29 | 65 | healthy leader | Canada |
| 22 | SBSW Sibanye Gold Ltd ADR | +1.43 | 3.32 | 1.90 | 50 | healthy leader | US |
| 23 | 006800.KS Mirae Asset Daewoo Securities Co Ltd | +1.42 | 2.06 | 0.64 | 25 | healthy leader | South Korea |
| 24 | 071050.KS Korea Investment Holdings Co | +1.42 | 1.61 | 0.19 | 41 | healthy leader | South Korea |
| 25 | BANB.SW Bachem Holding AG | +1.41 | 1.36 | -0.05 | 8 | healthy leader | Switzerland |
| 26 | FIGR Figure Technology Solutions, Inc. Class A Common Stock | +1.41 | 3.45 | 2.04 | 52 | healthy leader | US |
| 27 | CENER.BR Cenergy Holdings SA | +1.41 | 1.82 | 0.41 | 43 | healthy leader | Belgium |
| 28 | ASX.AX ASX Ltd | +1.36 | 0.84 | -0.52 | 65 | healthy leader | Australia |
| 29 | SGI Somnigroup International Inc. | +1.31 | 2.37 | 1.06 | 7 | healthy leader | US |
| 30 | NCAB.ST NCAB Group | +1.29 | 1.53 | 0.23 | 79 | healthy leader | Sweden |
| 31 | AXISBANK.NS AXISBANK.NS | +1.29 | 0.87 | -0.42 | 27 | healthy leader | India |
| 32 | HDB HDFC Bank Limited ADR | +1.28 | 1.82 | 0.54 | 14 | healthy leader | Payments & Financial Infrastructure |
| 33 | YESBANK.NS YESBANK.NS | +1.28 | 0.98 | -0.30 | 65 | healthy leader | India |
| 34 | WF Woori Financial Group Inc | +1.26 | 1.76 | 0.50 | 78 | healthy leader | US |
| 35 | RRX Regal Beloit Corporation | +1.23 | 2.65 | 1.42 | 38 | healthy leader | United States |
| 36 | IDCC InterDigital Inc | +1.20 | 1.96 | 0.75 | 67 | healthy leader | US |
| 37 | BDT.TO Bird Construction Inc. | +1.19 | 1.16 | -0.03 | 74 | healthy leader | Canada |
| 38 | FIX Comfort Systems USA Inc | +1.17 | 3.11 | 1.94 | 19 | healthy leader | DC Construction |
| 39 | BE Bloom Energy Corp | +1.17 | 5.05 | 3.88 | 29 | healthy leader | DC Power & Electrical |
| 40 | 086520.KQ 086520.KQ | +1.15 | 2.32 | 1.17 | 82 | healthy leader | South Korea |
| 41 | MP MP Materials Corp | +1.15 | 2.63 | 1.48 | 41 | healthy leader | Circular Economy & Resource Security |
| 42 | CER.L Cerillion PLC | +1.14 | 1.41 | 0.27 | 35 | healthy leader | UK |
| 43 | GAMA.L Gamma Communications PLC | +1.14 | 1.01 | -0.13 | 59 | healthy leader | UK |
| 44 | BBVA Banco Bilbao Viscaya Argentaria SA ADR | +1.09 | 2.06 | 0.96 | 55 | healthy leader | US |
| 45 | ARGX.BR Argen-X | +1.06 | -0.07 | -1.12 | 47 | healthy leader | Belgium |
| 46 | ARGX argenx NV ADR | +1.05 | 0.69 | -0.35 | 53 | healthy leader | US |
| 47 | ANGELONE.NS ANGELONE.NS | +1.04 | 1.03 | -0.01 | 68 | healthy leader | India |
| 48 | PLTR Palantir Technologies Inc. | +1.03 | 2.03 | 1.00 | 71 | healthy leader | Control Plane |
| 49 | GMAB Genmab AS | +1.03 | 1.23 | 0.20 | 32 | healthy leader | US |
| 50 | NVMI Nova Ltd | +1.01 | 2.86 | 1.85 | 70 | healthy leader | Testing & Metrology |
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 Closelook 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. Closelook 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.
Closelook publishes an investment research diary, not investment advice. Past performance may not be an indication of future performance.