Closelooknet rankings · Up & Down Beta
Stocks that fall more with the market than they rise
The stocks with the most negative gap between up-day beta and down-day beta — names that suffer in sell-offs more than they participate in rallies, over the last 126 trading days.
The mirror list: stocks whose down-day beta is larger than their up-day beta, with downside participation in the top of their own one-year range. In plain words — when the market drops, these names drop harder; when it rallies, they lag. Strong stocks appearing here early is often the first structural warning.
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 | NFE New Fortress Energy LLC | -27.47 | -0.64 | 26.83 | 100 | fragile | United States |
| 2 | AXIA-PC AXIA Energia SA | -21.32 | 1.30 | 22.62 | 82 | fragile | US |
| 3 | BKY.L Berkeley Energy Ltd | -5.35 | -1.57 | 3.78 | 61 | fragile | UK |
| 4 | 036930.KQ 036930.KQ | -4.96 | 1.28 | 6.24 | 51 | fragile | South Korea |
| 5 | TVK.TO Terravest Capital Inc | -4.80 | 0.73 | 5.53 | 52 | fragile | Canada |
| 6 | RGC Regencell Bioscience Holdings Ltd | -4.46 | -1.94 | 2.52 | 73 | fragile | US |
| 7 | 2408.TW Nanya Technology Corp | -4.37 | -0.09 | 4.28 | 50 | fragile | Taiwan |
| 8 | 8046.TW Nan Ya Printed Circuit Board Corp | -4.30 | -0.53 | 3.77 | 68 | fragile | Taiwan |
| 9 | BTU Peabody Energy Corp | -4.14 | -0.92 | 3.23 | 57 | fragile | US |
| 10 | PRIM Primoris Services Corporation | -4.08 | -0.48 | 3.60 | 67 | fragile | US |
| 11 | APTV Aptiv PLC | -3.93 | -1.58 | 2.35 | 90 | fragile | United States |
| 12 | MRNA Moderna Inc | -3.93 | -1.70 | 2.23 | 100 | fragile | United States |
| 13 | AMR Alpha Metallurgical Resources Inc | -3.85 | -1.61 | 2.24 | 36 | fragile | US |
| 14 | AMC AMC Entertainment Holdings Inc | -3.76 | -1.13 | 2.63 | 54 | fragile | United States |
| 15 | MI6.AU Minerals 260 Ltd | -3.71 | -1.21 | 2.50 | 62 | fragile | Australia |
| 16 | 600188.SHG Yankuang Energy Group Co Ltd | -3.62 | -0.51 | 3.12 | 57 | fragile | China |
| 17 | TOBII.ST Tobii AB | -3.54 | 0.10 | 3.64 | 51 | fragile | Sweden |
| 18 | 302132.SHE AVIC Chengdu Aircraft Co Ltd Class A | -3.53 | -1.07 | 2.46 | 97 | fragile | China |
| 19 | 0992.HK Lenovo Group | -3.48 | -1.18 | 2.30 | 40 | fragile | AI Factory Systems |
| 20 | CLVT CLARIVATE PLC | -3.48 | -1.60 | 1.88 | 69 | fragile | United States |
| 21 | 000990.KS DB HiTek Co Ltd | -3.47 | -0.19 | 3.28 | 55 | fragile | South Korea |
| 22 | CERS Cerus Corporation | -3.43 | -1.14 | 2.29 | 61 | fragile | US |
| 23 | ABSI Absci Corp | -3.42 | 2.22 | 5.63 | 81 | fragile | US |
| 24 | LNVGY Lenovo Group Ltd PK | -3.39 | -0.13 | 3.26 | 80 | fragile | US |
| 25 | HMMC.TO Hemlo Mining Corp. | -3.38 | 0.70 | 4.08 | 61 | fragile | Canada |
| 26 | 5802.T Sumitomo Electric Industries,Ltd. | -3.28 | 0.18 | 3.46 | 57 | fragile | Japan |
| 27 | WAVE.PA Wavestone S.A. | -3.24 | -2.00 | 1.24 | 100 | fragile | France |
| 28 | FFM.AU Firefly Metals Ltd | -3.21 | -0.72 | 2.48 | 87 | fragile | Australia |
| 29 | 066570.KS LG Electronics Inc | -3.18 | -0.47 | 2.71 | 39 | fragile | South Korea |
| 30 | 2344.TW Winbond Electronics Corp | -3.10 | 0.74 | 3.84 | 58 | fragile | Taiwan |
| 31 | ANF Abercrombie & Fitch Company | -3.09 | -0.91 | 2.19 | 24 | fragile | US |
| 32 | PACB Pacific Biosciences of California | -3.08 | -0.39 | 2.68 | 52 | fragile | US |
| 33 | CLMT Calumet Specialty Products Partners | -3.07 | -0.98 | 2.09 | 56 | fragile | US |
| 34 | CRW.L Craneware Plc | -3.06 | -2.23 | 0.82 | 82 | fragile | UK |
| 35 | GWRE Guidewire Software Inc | -3.03 | -1.99 | 1.04 | 64 | fragile | United States |
| 36 | AHG Akso Health Group ADR | -3.01 | -1.31 | 1.70 | 94 | fragile | US |
| 37 | 042700.KS Hanmi Semicon | -3.01 | -0.97 | 2.04 | 53 | fragile | Advanced Packaging & Bonding |
| 38 | SHOP Shopify Inc | -2.99 | 0.19 | 3.18 | 53 | fragile | Endpoints |
| 39 | 4062.T Ibiden | -2.95 | 2.17 | 5.12 | 60 | fragile | Substrates & Interposers |
| 40 | NEM.DE Nemetschek AG O.N. | -2.93 | -2.25 | 0.68 | 40 | fragile | |
| 41 | TNGX Tango Therapeutics Inc | -2.89 | -0.13 | 2.77 | 23 | fragile | US |
| 42 | 000660.KS SK Hynix Inc | -2.87 | 0.03 | 2.90 | 60 | fragile | HBM Memory |
| 43 | EQR.AU EQ Resources Ltd | -2.86 | -0.42 | 2.44 | 95 | fragile | Australia |
| 44 | CML.L CML Microsystems Plc | -2.86 | -1.08 | 1.78 | 17 | fragile | UK |
| 45 | 2385.TW Chicony Electronics Co Ltd | -2.86 | -0.78 | 2.08 | 58 | fragile | Taiwan |
| 46 | ARX Accelerant Holdings | -2.83 | -1.96 | 0.88 | 85 | fragile | US |
| 47 | LBRT Liberty Energy Inc. | -2.81 | 0.34 | 3.16 | 33 | fragile | US |
| 48 | EDR.TO Endeavour Silver Corp. | -2.78 | 2.07 | 4.86 | 60 | fragile | Canada |
| 49 | CDNS Cadence Design Systems Inc | -2.78 | -0.49 | 2.29 | 14 | fragile | EDA & Chip IP |
| 50 | SF.ST Stillfront Group AB (publ) | -2.78 | -1.53 | 1.24 | 100 | fragile | Sweden |
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.