Galaxy Digital Correlations
| GLXY Stock | CAD 27.65 0.72 2.54% |
The current 90-days correlation between Galaxy Digital Holdings and Hut 8 Mining is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Galaxy Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Galaxy Digital Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Galaxy Digital Correlation With Market
Modest diversification
The correlation between Galaxy Digital Holdings and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galaxy Digital Holdings and DJI in the same portfolio, assuming nothing else is changed.
Galaxy |
The ability to find closely correlated positions to Galaxy Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galaxy Digital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Galaxy Digital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Galaxy Digital Holdings to buy it.
Moving against Galaxy Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Galaxy Stock performing well and Galaxy Digital Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Galaxy Digital's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HUT | 4.82 | 0.00 | 0.00 | 0.00 | 6.40 | 10.49 | 40.34 | |||
| HIVE | 3.15 | (0.83) | 0.00 | (0.84) | 0.00 | 6.92 | 19.15 | |||
| DMGI | 4.05 | (0.59) | 0.00 | (0.49) | 0.00 | 8.11 | 24.76 | |||
| CSTR | 6.77 | (0.46) | 0.00 | (0.13) | 0.00 | 20.00 | 45.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Galaxy Digital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Bonds Directory Now
Bonds DirectoryFind actively traded corporate debentures issued by US companies |
| All Next | Launch Module |
Galaxy Digital Corporate Management
Elected by the shareholders, the Galaxy Digital's board of directors comprises two types of representatives: Galaxy Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galaxy. The board's role is to monitor Galaxy Digital's management team and ensure that shareholders' interests are well served. Galaxy Digital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Galaxy Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jennifer Lee | Chief Officer | Profile | |
| Michael Novogratz | CEO Founder | Profile | |
| Jonathan Goldowsky | Head Relations | Profile | |
| Alexander Ioffe | Chief Officer | Profile | |
| Erin Brown | Chief Officer | Profile |