Galaxy Net Income Per Share vs Free Cash Flow Per Share Analysis

GLXY Stock

CAD 24.12 0.44 1.86%

Galaxy Digital financial indicator trend analysis is much more than just examining Galaxy Digital Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galaxy Digital Holdings is a good investment. Please check the relationship between Galaxy Digital Net Income Per Share and its Free Cash Flow Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galaxy Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income Per Share vs Free Cash Flow Per Share

Net Income Per Share vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galaxy Digital Holdings Net Income Per Share account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Galaxy Digital's Net Income Per Share and Free Cash Flow Per Share is 0.51. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Galaxy Digital Holdings, assuming nothing else is changed. The correlation between historical values of Galaxy Digital's Net Income Per Share and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of Galaxy Digital Holdings are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Net Income Per Share i.e., Galaxy Digital's Net Income Per Share and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income Per Share

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Galaxy Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galaxy Digital Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galaxy Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Galaxy Digital's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 864.6 M, while Selling General Administrative is likely to drop about 1.5 M.

Galaxy Digital fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Other Current Assets	Intangible Assets	Other Current Liab	Common Stock Total Equity	Common Stock	Capital Surpluse	Net Tangible Assets	Net Invested Capital	Net Working Capital	Long Term Investments
Total Assets		0.93	1.0	-0.28	0.76	0.53	0.41	0.82	0.72	0.89	-0.45	0.94	0.9	1.0	0.71	0.73	0.82	0.31	0.9	0.84	0.89	-0.63	0.85	1.0	0.48	0.87
Total Current Liabilities	0.93		0.92	-0.43	0.55	0.61	0.48	0.86	0.73	0.98	-0.62	0.98	0.92	0.92	0.58	0.75	0.83	0.29	0.93	0.86	0.93	-0.54	0.84	0.92	0.48	0.78
Total Stockholder Equity	1.0	0.92		-0.28	0.77	0.51	0.41	0.81	0.72	0.88	-0.44	0.92	0.88	1.0	0.72	0.71	0.81	0.31	0.88	0.84	0.88	-0.63	0.84	1.0	0.47	0.88
Net Debt	-0.28	-0.43	-0.28		0.07	-0.51	-0.77	-0.09	-0.77	-0.5	0.49	-0.26	-0.11	-0.29	0.21	0.14	-0.03	-0.09	-0.27	-0.53	-0.5	-0.03	-0.57	-0.28	0.33	-0.21
Retained Earnings	0.76	0.55	0.77	0.07		0.42	0.19	0.42	0.44	0.43	-0.26	0.6	0.53	0.77	0.63	0.37	0.41	0.17	0.59	0.33	0.39	-0.47	0.58	0.77	0.18	0.86
Cash	0.53	0.61	0.51	-0.51	0.42		0.67	0.14	0.66	0.5	-0.34	0.61	0.35	0.54	-0.12	0.05	0.11	0.06	0.61	0.36	0.46	0.03	0.84	0.51	-0.33	0.66
Cash And Short Term Investments	0.41	0.48	0.41	-0.77	0.19	0.67		0.11	0.91	0.48	-0.42	0.43	0.25	0.43	-0.16	-0.06	0.06	0.07	0.39	0.48	0.5	0.03	0.73	0.41	-0.32	0.45
Net Receivables	0.82	0.86	0.81	-0.09	0.42	0.14	0.11		0.42	0.89	-0.52	0.86	0.97	0.8	0.8	0.97	0.99	0.31	0.79	0.79	0.83	-0.68	0.5	0.81	0.86	0.55
Common Stock Shares Outstanding	0.72	0.73	0.72	-0.77	0.44	0.66	0.91	0.42		0.74	-0.53	0.67	0.53	0.73	0.19	0.22	0.38	0.2	0.63	0.75	0.76	-0.27	0.87	0.72	-0.05	0.67
Non Current Liabilities Total	0.89	0.98	0.88	-0.5	0.43	0.5	0.48	0.89	0.74		-0.66	0.93	0.91	0.88	0.58	0.77	0.85	0.3	0.88	0.9	0.95	-0.55	0.78	0.88	0.53	0.68
Other Stockholder Equity	-0.45	-0.62	-0.44	0.49	-0.26	-0.34	-0.42	-0.52	-0.53	-0.66		-0.55	-0.53	-0.44	-0.3	-0.4	-0.4	0.03	-0.52	-0.38	-0.43	0.31	-0.38	-0.44	-0.25	-0.41
Total Liab	0.94	0.98	0.92	-0.26	0.6	0.61	0.43	0.86	0.67	0.93	-0.55		0.95	0.92	0.61	0.8	0.84	0.27	0.94	0.79	0.88	-0.55	0.82	0.92	0.53	0.81
Total Current Assets	0.9	0.92	0.88	-0.11	0.53	0.35	0.25	0.97	0.53	0.91	-0.53	0.95		0.87	0.75	0.94	0.95	0.3	0.88	0.79	0.85	-0.63	0.64	0.88	0.75	0.69
Non Current Assets Total	1.0	0.92	1.0	-0.29	0.77	0.54	0.43	0.8	0.73	0.88	-0.44	0.92	0.87		0.7	0.7	0.8	0.3	0.89	0.84	0.88	-0.62	0.86	1.0	0.45	0.88
Non Currrent Assets Other	0.71	0.58	0.72	0.21	0.63	-0.12	-0.16	0.8	0.19	0.58	-0.3	0.61	0.75	0.7		0.8	0.81	0.38	0.56	0.53	0.54	-0.64	0.29	0.72	0.79	0.62
Other Assets	0.73	0.75	0.71	0.14	0.37	0.05	-0.06	0.97	0.22	0.77	-0.4	0.8	0.94	0.7	0.8		0.97	0.28	0.73	0.65	0.71	-0.65	0.35	0.71	0.93	0.47
Other Current Assets	0.82	0.83	0.81	-0.03	0.41	0.11	0.06	0.99	0.38	0.85	-0.4	0.84	0.95	0.8	0.81	0.97		0.27	0.76	0.81	0.84	-0.66	0.49	0.81	0.87	0.54
Intangible Assets	0.31	0.29	0.31	-0.09	0.17	0.06	0.07	0.31	0.2	0.3	0.03	0.27	0.3	0.3	0.38	0.28	0.27		0.43	0.32	0.32	-0.3	0.25	0.31	0.24	0.32
Other Current Liab	0.9	0.93	0.88	-0.27	0.59	0.61	0.39	0.79	0.63	0.88	-0.52	0.94	0.88	0.89	0.56	0.73	0.76	0.43		0.76	0.84	-0.59	0.81	0.88	0.45	0.78
Common Stock Total Equity	0.84	0.86	0.84	-0.53	0.33	0.36	0.48	0.79	0.75	0.9	-0.38	0.79	0.79	0.84	0.53	0.65	0.81	0.32	0.76		0.99	-0.55	0.77	0.84	0.47	0.57
Common Stock	0.89	0.93	0.88	-0.5	0.39	0.46	0.5	0.83	0.76	0.95	-0.43	0.88	0.85	0.88	0.54	0.71	0.84	0.32	0.84	0.99		-0.55	0.82	0.89	0.48	0.65
Capital Surpluse	-0.63	-0.54	-0.63	-0.03	-0.47	0.03	0.03	-0.68	-0.27	-0.55	0.31	-0.55	-0.63	-0.62	-0.64	-0.65	-0.66	-0.3	-0.59	-0.55	-0.55		-0.3	-0.63	-0.61	-0.38
Net Tangible Assets	0.85	0.84	0.84	-0.57	0.58	0.84	0.73	0.5	0.87	0.78	-0.38	0.82	0.64	0.86	0.29	0.35	0.49	0.25	0.81	0.77	0.82	-0.3		0.84	0.01	0.84
Net Invested Capital	1.0	0.92	1.0	-0.28	0.77	0.51	0.41	0.81	0.72	0.88	-0.44	0.92	0.88	1.0	0.72	0.71	0.81	0.31	0.88	0.84	0.89	-0.63	0.84		0.47	0.88
Net Working Capital	0.48	0.48	0.47	0.33	0.18	-0.33	-0.32	0.86	-0.05	0.53	-0.25	0.53	0.75	0.45	0.79	0.93	0.87	0.24	0.45	0.47	0.48	-0.61	0.01	0.47		0.19
Long Term Investments	0.87	0.78	0.88	-0.21	0.86	0.66	0.45	0.55	0.67	0.68	-0.41	0.81	0.69	0.88	0.62	0.47	0.54	0.32	0.78	0.57	0.65	-0.38	0.84	0.88	0.19

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Galaxy Digital Account Relationship Matchups

Galaxy Digital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	81.0M	267.8M	888.8M	394.3M	875.2M	919.0M
Total Stockholder Equity	81.0M	247.0M	786.3M	299.3M	781.0M	820.1M
Net Debt	(318.9K)	(169.0)	(26.8M)	(10.0M)	(833K)	(874.7K)
Retained Earnings	(173.5M)	(70.1M)	332.0M	(190.7M)	264.1M	277.3M
Cash And Short Term Investments	169.0	0.0	26.8M	10.0M	833K	791.4K
Common Stock Shares Outstanding	66.4M	301.2M	349.3M	104.8M	127.0M	133.4M
Liabilities And Stockholders Equity	81.0M	267.8M	888.8M	394.3M	875.2M	919.0M
Other Stockholder Equity	(67.1K)	(231.2K)	(749.4K)	(229.2K)	(206.3K)	(195.9K)
Total Current Assets	0.0	20.8M	47.3M	78.9M	89.2M	93.7M
Non Current Assets Total	81.0M	247.0M	841.5M	315.4M	786.0M	825.3M
Accumulated Other Comprehensive Income	13.9M	15.8M	36.9M	70.1M	94.8M	99.5M
Common Stock Total Equity	1.8M	237.0M	240.6M	301.3M	346.5M	363.8M
Common Stock	240.6M	301.3M	417.4M	419.9M	422.2M	443.3M
Net Tangible Assets	81.0M	247.0M	786.3M	299.3M	344.2M	254.4M
Net Invested Capital	81.0M	247.0M	786.3M	299.3M	781.0M	820.1M
Long Term Investments	81.0M	247.0M	841.5M	257.8M	763.9M	439.2M
Capital Stock	240.6M	301.3M	417.4M	419.9M	422.2M	373.7M

Pair Trading with Galaxy Digital

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Galaxy Digital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Galaxy Digital will appreciate offsetting losses from the drop in the long position's value.

Moving together with Galaxy Stock

0.82	AMZN	Amazon CDR	Pair Corr
0.82	GOOG	Alphabet CDR	Pair Corr
0.8	WMT	Walmart Inc CDR	Pair Corr

Moving against Galaxy Stock

0.82

PFE

Pfizer Inc CDR

Pair Corr

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.

The correlation of Galaxy Digital 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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Galaxy Digital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Galaxy Stock

Balance Sheet is a snapshot of the financial position of Galaxy Digital Holdings at a specified time, usually calculated after every quarter, six months, or one year. Galaxy Digital Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Galaxy Digital and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Galaxy currently owns. An asset can also be divided into two categories, current and non-current.

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Galaxy Net Income Per Share vs Free Cash Flow Per Share Analysis

Net Income Per Share vs Free Cash Flow Per Share

Net Income Per Share vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Net Income Per Share

Free Cash Flow Per Share

Galaxy Digital fundamental ratios Correlations

Galaxy Digital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Galaxy Digital fundamental ratios Accounts

Pair Trading with Galaxy Digital

Moving together with Galaxy Stock

Moving against Galaxy Stock

Other Information on Investing in Galaxy Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Non Current Assets Total

Common Stock Shares Outstanding	- 0.77	Net Debt
Cash And Short Term Investments	- 0.77	Net Debt
Capital Surpluse	- 0.68	Net Receivables
Capital Surpluse	- 0.66	Other Current Assets
Other Stockholder Equity	- 0.66	Non Current Liabilities Total
Capital Surpluse	- 0.65	Other Assets