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 2026-09-07 · 3538 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 | WTC.AX Wisetech Global Ltd | +2.71 | 2.17 | -0.54 | 24 | healthy leader | Australia |
| 2 | 263750.KQ 263750.KQ | +2.63 | 1.40 | -1.23 | 49 | healthy leader | South Korea |
| 3 | OKLO Oklo Inc. | +2.50 | 4.52 | 2.02 | 58 | healthy leader | US |
| 4 | IBRX Immunitybio Inc | +2.14 | 3.33 | 1.19 | 65 | healthy leader | US |
| 5 | BHC.TO Bausch Health Companies Inc | +1.96 | 2.38 | 0.43 | 34 | healthy leader | Canada |
| 6 | CSL.AX CSL Ltd | +1.93 | 0.58 | -1.35 | 36 | healthy leader | Australia |
| 7 | ATEYY Advantest Corp DRC | +1.92 | 4.34 | 2.42 | 18 | healthy leader | |
| 8 | 196170.KS 196170.KS | +1.83 | 2.78 | 0.94 | 47 | healthy leader | South Korea |
| 9 | ASTS Ast Spacemobile Inc | +1.77 | 3.82 | 2.05 | 59 | healthy leader | Space & Satellite |
| 10 | KOG.OL Kongsberg Gruppen ASA | +1.77 | 1.25 | -0.52 | 14 | healthy leader | Autonomous Defense & Drones |
| 11 | 042660.KS Hanwha Ocean Co., Ltd | +1.77 | 1.93 | 0.16 | 58 | healthy leader | South Korea |
| 12 | NTLA Intellia Therapeutics Inc | +1.72 | 2.95 | 1.23 | 25 | healthy leader | US |
| 13 | KARN.SW Kardex | +1.71 | 1.47 | -0.24 | 21 | healthy leader | Switzerland |
| 14 | 4307.T Nomura Research Institute,Ltd. | +1.68 | 1.39 | -0.29 | 40 | healthy leader | Japan |
| 15 | ENR.XETRA Siemens Energy AG | +1.68 | 2.83 | 1.16 | 77 | healthy leader | |
| 16 | SNDK Sandisk Corp | +1.60 | 4.77 | 3.17 | 16 | healthy leader | Storage |
| 17 | SBSW Sibanye Gold Ltd ADR | +1.60 | 3.34 | 1.74 | 55 | healthy leader | US |
| 18 | KEP Korea Electric Power Corp ADR | +1.59 | 2.66 | 1.06 | 19 | healthy leader | US |
| 19 | PPTA.TO Perpetua Resources Corp | +1.59 | 3.73 | 2.14 | 67 | healthy leader | Canada |
| 20 | 047050.KS Posco International Corp | +1.58 | 0.99 | -0.59 | 22 | healthy leader | South Korea |
| 21 | CLSK CleanSpark Inc | +1.57 | 3.75 | 2.18 | 15 | healthy leader | US |
| 22 | 010140.KS Samsung Heavy Industries | +1.53 | 1.44 | -0.09 | 90 | healthy leader | South Korea |
| 23 | NANO.PA Nanobiotix S.A | +1.53 | 1.06 | -0.47 | 10 | healthy leader | France |
| 24 | NBIS Nebius Group N.V. | +1.51 | 4.33 | 2.82 | 40 | healthy leader | Compute Operators |
| 25 | BWXT BWX Technologies Inc | +1.51 | 2.31 | 0.80 | 18 | healthy leader | Nuclear & Uranium |
| 26 | TWE.AU Treasury Wine Estates Ltd | +1.50 | 0.99 | -0.51 | 48 | healthy leader | Australia |
| 27 | SKO.NZ SKO.NZ | +1.49 | 1.04 | -0.45 | 11 | healthy leader | New Zealand |
| 28 | 251270.KS Netmarble Games Corp | +1.48 | 1.17 | -0.31 | 31 | healthy leader | South Korea |
| 29 | BITTI.HE Bittium Oyj | +1.48 | 1.41 | -0.08 | 51 | healthy leader | Finland |
| 30 | APLAPOLLO.NS APLAPOLLO.NS | +1.48 | 1.19 | -0.28 | 18 | healthy leader | India |
| 31 | MRO.L Melrose Industries PLC | +1.47 | 1.58 | 0.12 | 21 | healthy leader | UK |
| 32 | MRO.LSE Melrose Industries PLC | +1.47 | 1.58 | 0.12 | 21 | healthy leader | United Kingdom |
| 33 | FRO Frontline Ltd | +1.43 | 1.38 | -0.05 | 43 | healthy leader | US |
| 34 | ASMIY ASM International NV ADR | +1.41 | 3.12 | 1.71 | 54 | healthy leader | |
| 35 | NCAB.ST NCAB Group | +1.37 | 1.50 | 0.13 | 44 | healthy leader | Sweden |
| 36 | HDB HDFC Bank Limited ADR | +1.36 | 1.78 | 0.43 | 39 | healthy leader | Payments & Financial Infrastructure |
| 37 | XRO.AX Xero Ltd | +1.36 | 1.47 | 0.12 | 25 | healthy leader | Australia |
| 38 | 4443.T Sansan,Inc. | +1.35 | 0.87 | -0.48 | 42 | healthy leader | Japan |
| 39 | 006800.KS Mirae Asset Daewoo Securities Co Ltd | +1.35 | 2.10 | 0.75 | 61 | healthy leader | South Korea |
| 40 | 055550.KS Shinhan Financial Group | +1.33 | 0.61 | -0.72 | 85 | healthy leader | South Korea |
| 41 | BE Bloom Energy Corp | +1.30 | 5.08 | 3.78 | 43 | healthy leader | DC Power & Electrical |
| 42 | ACLN.SW Accelleron Industries AG | +1.30 | 1.36 | 0.06 | 22 | healthy leader | Switzerland |
| 43 | SHG Shinhan Financial Group Co Ltd | +1.29 | 1.79 | 0.50 | 87 | healthy leader | US |
| 44 | SGI Somnigroup International Inc. | +1.28 | 2.37 | 1.09 | 6 | healthy leader | US |
| 45 | GFI Gold Fields Ltd ADR | +1.27 | 2.81 | 1.54 | 32 | healthy leader | US |
| 46 | BANB.SW Bachem Holding AG | +1.27 | 1.36 | 0.10 | 22 | healthy leader | Switzerland |
| 47 | 3994.T Money Forward | +1.25 | 0.29 | -0.96 | 55 | healthy leader | Application Leaders |
| 48 | ASML ASML Holding NV ADR | +1.24 | 3.09 | 1.85 | 52 | healthy leader | Lithography |
| 49 | PLTR Palantir Technologies Inc. | +1.23 | 2.02 | 0.79 | 65 | healthy leader | Control Plane |
| 50 | GAMA.L Gamma Communications PLC | +1.18 | 1.01 | -0.17 | 54 | healthy leader | UK |
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.