Closelooknet rankings · Up & Down Beta
Stocks whose market relationship is breaking loose
The stocks whose beta to the market has moved furthest and fastest away from its own history — the least stable market relationships in our coverage right now.
This list ranks by beta instability: how far a stock’s current beta has moved away from its own history, and how fast. A high number does not say up or down — it says the old relationship with the market is not holding, which is when position sizing built on that old relationship stops being reliable.
Engine run of 2026-10-12 · 3625 stocks measured against the S&P 500 · top 50 shown — the Market Structure lab holds the full toolbox behind this ranking.
| # | Stock | Instability | Up-beta | Down-beta | Instability | State | Market |
|---|---|---|---|---|---|---|---|
| 1 | 000725.SHE BOE Technology Group Co Ltd | 100 | 0.29 | -0.56 | 100 | decoupling | China |
| 2 | 002558.SHE Giant Network Group Co Ltd | 100 | 0.51 | 0.30 | 100 | decoupling | China |
| 3 | 012450.KS Hanwha Aerospace Co Ltd | 100 | 0.05 | 0.98 | 100 | fragile | Autonomous Defense & Drones |
| 4 | 0386.HK China Petroleum & Chemical Corp Class H | 100 | 0.09 | 0.20 | 100 | decoupling | China |
| 5 | 047810.KS Korea Aerospace Industries | 100 | 1.60 | 0.84 | 100 | decoupling | South Korea |
| 6 | 0780.HK Tongcheng-Elong Holdings Ltd | 100 | -0.37 | 0.02 | 100 | fragile | Hong Kong |
| 7 | 079550.KS LIG Nex1 Co Ltd | 100 | 0.50 | 0.01 | 100 | decoupling | South Korea |
| 8 | 1101.TW Taiwan Cement Corp | 100 | 0.35 | 0.57 | 100 | fragile | Taiwan |
| 9 | 1622.TSE NEXT FUNDS TOPIX-17 AUTOMOBILES TRANSPORTATION EQUIPMENT ETF | 100 | 0.45 | -0.33 | 100 | decoupling | Japan |
| 10 | 1626.TSE NEXT FUNDS TOPIX-17 IT & SERVICES,OTHERS ETF | 100 | 0.10 | 0.20 | 100 | fragile | Japan |
| 11 | 1SXP.DE SCHOTT Pharma AG & Co. KGaA | 100 | 0.05 | 0.16 | 100 | distribution | Germany |
| 12 | 2015.HK Li Auto Inc | 100 | -1.77 | -0.11 | 100 | decoupling | Hong Kong |
| 13 | 2020.HK ANTA Sports Products Ltd | 100 | -0.63 | 0.00 | 100 | decoupling | China |
| 14 | 2059.TW King Slide Works Co Ltd | 100 | 1.54 | 1.72 | 100 | fragile | Taiwan |
| 15 | 2882.TW Cathay Financial Holding Co Ltd | 100 | 0.40 | -0.74 | 100 | decoupling | Taiwan |
| 16 | 2885.TW Yuanta Financial Holdings Co Ltd | 100 | 0.58 | 0.20 | 100 | decoupling | Taiwan |
| 17 | 3994.T Money Forward | 100 | 0.16 | -1.35 | 100 | decoupling | Application Leaders |
| 18 | 6446.TW PharmaEssentia | 100 | -0.17 | 1.40 | 100 | fragile | Taiwan |
| 19 | 6508.T MEIDENSHA CORPORATION | 100 | 1.06 | -0.09 | 100 | decoupling | Japan |
| 20 | 6754.T ANRITSU CORPORATION | 100 | 1.29 | 1.36 | 100 | fragile | Japan |
| 21 | 6856.T Horiba | 100 | 0.98 | 1.62 | 100 | fragile | Fab Subsystems & Process Infra |
| 22 | 7203.T TOYOTA MOTOR CORPORATION | 100 | 0.03 | -0.96 | 100 | distribution | Japan |
| 23 | 9684.T SQUARE ENIX HOLDINGS CO.,LTD. | 100 | 0.30 | -1.49 | 100 | decoupling | Japan |
| 24 | 9868.HK Xpeng Inc | 100 | -2.24 | 0.94 | 100 | fragile | Hong Kong |
| 25 | ACO-X.TO ATCO Ltd | 100 | 0.06 | -0.55 | 100 | decoupling | Canada |
| 26 | AVTR Avantor Inc | 100 | -0.55 | -0.47 | 100 | distribution | United States |
| 27 | BCG.L Baltic Classifieds Group PLC | 100 | -0.53 | 1.18 | 100 | fragile | UK |
| 28 | BLD Topbuild Corp | 100 | 1.61 | 1.95 | 100 | fragile | United States |
| 29 | BOKU.L Boku Inc | 100 | 0.02 | 0.30 | 100 | decoupling | UK |
| 30 | BYIT.L Bytes Technology Ltd | 100 | 0.21 | 0.90 | 100 | fragile | UK |
| 31 | CLN.SW Clariant AG | 100 | 0.99 | 0.11 | 100 | decoupling | Switzerland |
| 32 | CLX The Clorox Company | 100 | 1.05 | -0.29 | 100 | decoupling | United States |
| 33 | CTVA Corteva Inc | 100 | 2.62 | 0.05 | 100 | decoupling | United States |
| 34 | DLR Digital Realty Trust Inc | 100 | 0.76 | 0.49 | 100 | decoupling | United States |
| 35 | EQIX Equinix Inc | 100 | 0.87 | 0.41 | 100 | decoupling | Edge & Distribution |
| 36 | FIX Comfort Systems USA Inc | 100 | 2.36 | 1.55 | 100 | decoupling | DC Construction |
| 37 | FSS Federal Signal Corporation | 100 | 1.92 | 0.86 | 100 | decoupling | US |
| 38 | GIVN.SW Givaudan SA | 100 | 0.71 | 0.49 | 100 | decoupling | Better Food, Clean Label & Functional |
| 39 | HUM Humana Inc | 100 | -0.59 | 0.61 | 100 | fragile | United States |
| 40 | IGG.L IG Group Holdings PLC | 100 | -0.16 | -0.04 | 100 | distribution | UK |
| 41 | IGM.TO IGM Financial Inc. | 100 | 0.96 | 0.21 | 100 | decoupling | Canada |
| 42 | IRES.IR Irish Residential Properties | 100 | 0.05 | -0.32 | 100 | decoupling | Ireland |
| 43 | ITP.PA Interparfums SA | 100 | 0.18 | 1.13 | 100 | fragile | France |
| 44 | LI Li Auto Inc | 100 | -1.53 | 0.27 | 100 | decoupling | US |
| 45 | LLBN.SW Liechtensteinische Landesbank AG | 100 | -0.08 | 0.01 | 100 | decoupling | Switzerland |
| 46 | MNDI.LSE Mondi PLC | 100 | 0.99 | 0.28 | 100 | decoupling | UK |
| 47 | MRNA Moderna Inc | 100 | -1.85 | 1.45 | 100 | fragile | United States |
| 48 | MSFT Microsoft Corporation | 100 | 1.59 | 0.62 | 100 | decoupling | Megacap Gateway |
| 49 | NABL N-Able Inc | 100 | 0.01 | -0.95 | 100 | decoupling | US |
| 50 | NAUKRI.NS NAUKRI.NS | 100 | 0.32 | 0.19 | 100 | decoupling | India |
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.