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 2026-11-13 · 6041 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 | -24.17 | -1.45 | 22.72 | 68 | fragile | United States |
| 2 | CDLR Cadeler A/S | -7.10 | 1.97 | 9.06 | 100 | fragile | US |
| 3 | VCYT Veracyte Inc | -5.08 | 2.25 | 7.33 | 100 | fragile | US |
| 4 | QSI QuantumSi Inc | -4.51 | -0.65 | 3.86 | 62 | fragile | US |
| 5 | AESI Atlas Energy Solutions Inc. | -3.99 | -0.71 | 3.28 | 97 | fragile | US |
| 6 | RYZ Ryerson Holding Corporation | -3.77 | -1.32 | 2.45 | 98 | fragile | US |
| 7 | BKY.L Berkeley Energy Ltd | -3.60 | -1.35 | 2.25 | 16 | fragile | UK |
| 8 | 4062.T Ibiden | -3.59 | 1.30 | 4.89 | 59 | fragile | Substrates & Interposers |
| 9 | IOVA Iovance Biotherapeutics Inc | -3.57 | -0.36 | 3.22 | 69 | fragile | US |
| 10 | AMC AMC Entertainment Holdings Inc | -3.47 | -0.44 | 3.03 | 75 | fragile | United States |
| 11 | TNZ.TO Tenaz Energy Corp. | -3.32 | -0.86 | 2.46 | 77 | fragile | Canada |
| 12 | JANX Janux Therapeutics Inc | -3.27 | -1.47 | 1.80 | 51 | fragile | US |
| 13 | HTZ Hertz Global Holdings Inc | -3.17 | -0.37 | 2.80 | 93 | fragile | United States |
| 14 | MRNA Moderna Inc | -3.15 | -1.47 | 1.68 | 76 | fragile | United States |
| 15 | LNVGY Lenovo Group Ltd PK | -3.02 | -0.09 | 2.94 | 50 | fragile | US |
| 16 | TRIP TripAdvisor Inc | -2.99 | 0.53 | 3.52 | 90 | fragile | United States |
| 17 | STRA Strategic Education Inc | -2.99 | -0.45 | 2.54 | 99 | fragile | US |
| 18 | ROCK Gibraltar Industries Inc | -2.96 | 1.52 | 4.47 | 100 | fragile | US |
| 19 | BTU Peabody Energy Corp | -2.95 | -0.78 | 2.17 | 53 | fragile | US |
| 20 | PACB Pacific Biosciences of California | -2.93 | -0.83 | 2.09 | 55 | fragile | US |
| 21 | 000990.KS DB HiTek Co Ltd | -2.88 | -0.01 | 2.87 | 66 | fragile | South Korea |
| 22 | 9984.T SoftBank Group Corp. | -2.88 | -0.65 | 2.22 | 39 | fragile | Japan |
| 23 | AMR Alpha Metallurgical Resources Inc | -2.86 | -0.93 | 1.93 | 65 | fragile | US |
| 24 | HIMX Himax Technologies Inc | -2.83 | 2.12 | 4.95 | 75 | fragile | US |
| 25 | 000150.KS Doosan Corp. | -2.81 | -0.18 | 2.63 | 79 | fragile | South Korea |
| 26 | 0992.HK Lenovo Group | -2.80 | -0.77 | 2.03 | 61 | fragile | AI Factory Systems |
| 27 | NEM.DE Nemetschek AG O.N. | -2.77 | -1.20 | 1.57 | 91 | fragile | |
| 28 | 6981.T Murata Manufacturing | -2.75 | 1.11 | 3.85 | 61 | fragile | Advanced Materials |
| 29 | APTV Aptiv PLC | -2.74 | -1.11 | 1.63 | 53 | fragile | United States |
| 30 | RGC Regencell Bioscience Holdings Ltd | -2.69 | -1.43 | 1.25 | 52 | fragile | US |
| 31 | LBRT Liberty Energy Inc. | -2.66 | 0.37 | 3.03 | 65 | fragile | US |
| 32 | CLF Cleveland-Cliffs Inc | -2.65 | -0.09 | 2.57 | 57 | fragile | United States |
| 33 | QTCOM.HE Qt Group Oyj | -2.65 | -0.76 | 1.89 | 84 | fragile | Finland |
| 34 | 000660.KS SK Hynix Inc | -2.62 | -0.06 | 2.56 | 55 | fragile | HBM Memory |
| 35 | SCSC ScanSource Inc | -2.58 | 0.26 | 2.84 | 84 | fragile | US |
| 36 | ZBIO Zenas BioPharma, Inc. Common Stock | -2.58 | -0.92 | 1.65 | 62 | fragile | US |
| 37 | IBRX Immunitybio Inc | -2.56 | -0.36 | 2.19 | 25 | fragile | US |
| 38 | CGEM Cullinan Oncology LLC | -2.55 | -0.26 | 2.29 | 36 | fragile | US |
| 39 | CAI Caris Life Sciences, Inc. Common Stock | -2.54 | 0.91 | 3.45 | 96 | fragile | US |
| 40 | YPF YPF Sociedad Anonima | -2.52 | -1.11 | 1.42 | 52 | fragile | US |
| 41 | 6323.T RORZE CORPORATION | -2.51 | 0.96 | 3.47 | 48 | fragile | Japan |
| 42 | LOPE Grand Canyon Education Inc | -2.50 | -0.33 | 2.17 | 100 | fragile | United States |
| 43 | 066570.KS LG Electronics Inc | -2.49 | -0.94 | 1.55 | 53 | fragile | South Korea |
| 44 | 028260.KS Samsung C&T Corp | -2.43 | -0.14 | 2.29 | 54 | fragile | South Korea |
| 45 | 3406.TW Genius Electronic Optical Co Ltd | -2.42 | 0.05 | 2.47 | 100 | fragile | Taiwan |
| 46 | PSIX Power Solutions International, Inc. Common Stock | -2.42 | 0.49 | 2.91 | 85 | fragile | US |
| 47 | ABOS Acumen Pharmaceuticals Inc | -2.41 | 1.39 | 3.80 | 88 | fragile | US |
| 48 | ANF Abercrombie & Fitch Company | -2.41 | -0.28 | 2.12 | 69 | fragile | US |
| 49 | 2408.TW Nanya Technology Corp | -2.40 | 0.88 | 3.29 | 51 | fragile | Taiwan |
| 50 | GTM ZoomInfo Technologies Inc. | -2.40 | 0.32 | 2.72 | 79 | fragile | US |
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.