Galaxy Digital Holdings Stock Probability of Future Stock Price Finishing Under 12.1
| GLXY Stock | CAD 25.98 0.74 2.77% |
Galaxy |
Galaxy Digital Target Price Odds to finish below 12.1
The tendency of Galaxy Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to C$ 12.10 or more in 90 days |
| 25.98 | 90 days | 12.10 | under 4 |
Based on a normal probability distribution, the odds of Galaxy Digital to drop to C$ 12.10 or more in 90 days from now is under 4 (This Galaxy Digital Holdings probability density function shows the probability of Galaxy Stock to fall within a particular range of prices over 90 days) . Probability of Galaxy Digital Holdings price to stay between C$ 12.10 and its current price of C$25.98 at the end of the 90-day period is about 86.93 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.99 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Galaxy Digital will likely underperform. Additionally Galaxy Digital Holdings has an alpha of 0.7394, implying that it can generate a 0.74 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Galaxy Digital Price Density |
| Price |
Predictive Modules for Galaxy Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Galaxy Digital Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Galaxy Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Galaxy Digital is not an exception. The market had few large corrections towards the Galaxy Digital's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Galaxy Digital Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Galaxy Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.74 | |
β | Beta against Dow Jones | 2.99 | |
σ | Overall volatility | 4.43 | |
Ir | Information ratio | 0.17 |
Galaxy Digital Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Galaxy Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Galaxy Digital Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Galaxy Digital is way too risky over 90 days horizon | |
| Galaxy Digital appears to be risky and price may revert if volatility continues | |
| Galaxy Digital Holdings has accumulated about 8.71 M in cash with (16.52 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Latest headline from news.google.com: Galaxy Digital Holdings Enterprise Value C4,581.2 Mil - GuruFocus.com |
Galaxy Digital Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Galaxy Stock often depends not only on the future outlook of the current and potential Galaxy Digital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Galaxy Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 127 M | |
| Cash And Short Term Investments | 833 K | |
| Shares Float | 121 M |
Galaxy Digital Technical Analysis
Galaxy Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Galaxy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Galaxy Digital Holdings. In general, you should focus on analyzing Galaxy Stock price patterns and their correlations with different microeconomic environments and drivers.
Galaxy Digital Predictive Forecast Models
Galaxy Digital's time-series forecasting models is one of many Galaxy Digital's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Galaxy Digital's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Galaxy Digital Holdings
Checking the ongoing alerts about Galaxy Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Galaxy Digital Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Galaxy Digital is way too risky over 90 days horizon | |
| Galaxy Digital appears to be risky and price may revert if volatility continues | |
| Galaxy Digital Holdings has accumulated about 8.71 M in cash with (16.52 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Latest headline from news.google.com: Galaxy Digital Holdings Enterprise Value C4,581.2 Mil - GuruFocus.com |
Other Information on Investing in Galaxy Stock
Galaxy Digital financial ratios help investors to determine whether Galaxy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Galaxy with respect to the benefits of owning Galaxy Digital security.