Galaxy Gaming Correlations
| GLXZ Stock | USD 1.57 0.04 2.61% |
The correlation of Galaxy Gaming is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Galaxy Gaming Correlation With Market
Very good diversification
The correlation between Galaxy Gaming and DJI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galaxy Gaming and DJI in the same portfolio, assuming nothing else is changed.
Galaxy |
The ability to find closely correlated positions to Galaxy Gaming 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 Gaming 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 Gaming - 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 Gaming to buy it.
Moving together with Galaxy OTC Stock
| 0.87 | EVVTY | Evolution Gaming | PairCorr |
| 0.83 | EVGGF | Evolution AB | PairCorr |
| 0.89 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.65 | ARLUF | Aristocrat Leisure | PairCorr |
| 0.9 | DKNG | DraftKings Aggressive Push | PairCorr |
| 0.84 | GMVHY | Entain DRC PLC Earnings Call Tomorrow | PairCorr |
| 0.84 | GMVHF | Entain Plc Earnings Call This Week | PairCorr |
Moving against Galaxy OTC Stock
| 0.93 | KB | KB Financial Group | PairCorr |
| 0.93 | SHG | Shinhan Financial | PairCorr |
| 0.77 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.73 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.72 | MFG | Mizuho Financial Downward Rally | PairCorr |
| 0.7 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.66 | MZHOF | Mizuho Financial | PairCorr |
| 0.63 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.47 | LFDJF | La Franaise des | PairCorr |
| 0.95 | CP | Canadian Pacific Railway | PairCorr |
| 0.92 | APPCF | APAC Resources | PairCorr |
| 0.91 | TRNO | Terreno Realty | PairCorr |
| 0.83 | MARUY | Marubeni Corp ADR | PairCorr |
| 0.83 | LONKF | Lonking Holdings | PairCorr |
| 0.76 | BHPLF | BHP Group Limited | PairCorr |
| 0.74 | KOF | Coca Cola Femsa | PairCorr |
| 0.69 | EDRVF | EDP Renovaveis | PairCorr |
| 0.64 | OZK | Bank Ozk | PairCorr |
| 0.63 | BIRDF | Bird Construction | PairCorr |
| 0.59 | FLLLF | Feel Foods | PairCorr |
| 0.39 | TEXG | Terax Energy | PairCorr |
| 0.39 | TSEM | Tower Semiconductor | PairCorr |
| 0.9 | OGE | OGE Energy | PairCorr |
| 0.89 | SWGAY | Swatch Group AG | PairCorr |
| 0.88 | DTE | DTE Energy | PairCorr |
| 0.87 | LTSK | Ladenburg Thalmann | PairCorr |
| 0.87 | PSPSF | PSP Swiss Property | PairCorr |
| 0.85 | DAC | Danaos | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Galaxy OTC Stock performing well and Galaxy Gaming OTC Stock 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 Gaming'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARHN | 1.77 | (0.55) | 0.00 | (0.80) | 0.00 | 0.00 | 37.25 | |||
| AGTEF | 12.92 | 4.54 | 0.00 | (1.23) | 0.00 | 39.80 | 249.46 | |||
| KMSWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SUMXF | 0.84 | 0.01 | (0.01) | 0.11 | 1.48 | 2.95 | 11.63 | |||
| WOSSF | 1.10 | 0.22 | 0.00 | (1.28) | 0.00 | 0.00 | 43.51 | |||
| IPGGF | 10.55 | 0.08 | 0.01 | 0.10 | 10.72 | 33.33 | 65.45 | |||
| XIAXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CTTMF | 2.02 | (1.03) | 0.00 | 10.28 | 0.00 | 0.00 | 67.74 | |||
| PXHI | 2.98 | (0.03) | (0.01) | 0.01 | 4.88 | 7.57 | 32.37 | |||
| MNNGF | 1.81 | (0.08) | 0.00 | 0.14 | 0.00 | 0.00 | 44.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Galaxy Gaming 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 Idea Breakdown Now
Idea BreakdownAnalyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
| All Next | Launch Module |
Galaxy Gaming Corporate Management
Elected by the shareholders, the Galaxy Gaming's board of directors comprises two types of representatives: Galaxy Gaming 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 Gaming's management team and ensure that shareholders' interests are well served. Galaxy Gaming'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 Gaming's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chris Reynolds | Head iGaming | Profile | |
| Harry III | Corp CFO | Profile | |
| Nina OHara | Head Sales | Profile | |
| Ann Huysmans | Chief Compliance Officer | Profile | |
| Steph Nel | VP Sales | Profile | |
| Paul Omohundro | Sr Devel | Profile |