Galaxy Entertainment Group Stock Market Value
| GXYYY Stock | USD 21.00 0.07 0.33% |
| Symbol | Galaxy |
Galaxy Entertainment 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Galaxy Entertainment's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Galaxy Entertainment.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Galaxy Entertainment on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Galaxy Entertainment Group or generate 0.0% return on investment in Galaxy Entertainment over 180 days. Galaxy Entertainment is related to or competes with SJM Holdings, Studio City, Monarch Casino, Playa Hotels, Las Vegas, MGM Resorts, and Caesars Entertainment. Galaxy Entertainment Group Limited, an investment holding company, engages in the gaming and entertainment, and construc... More
Galaxy Entertainment Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Galaxy Entertainment's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Galaxy Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 23.22 | |||
| Value At Risk | (4.51) | |||
| Potential Upside | 7.81 |
Galaxy Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galaxy Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galaxy Entertainment's standard deviation. In reality, there are many statistical measures that can use Galaxy Entertainment historical prices to predict the future Galaxy Entertainment's volatility.| Risk Adjusted Performance | 0.0391 | |||
| Jensen Alpha | 0.1769 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0114 | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Galaxy Entertainment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Galaxy Entertainment Backtested Returns
At this stage we consider Galaxy Pink Sheet to be not too volatile. Galaxy Entertainment holds Efficiency (Sharpe) Ratio of 0.0473, which attests that the entity had a 0.0473% return per unit of risk over the last 3 months. We have found thirty technical indicators for Galaxy Entertainment, which you can use to evaluate the volatility of the firm. Please check out Galaxy Entertainment's Risk Adjusted Performance of 0.0391, market risk adjusted performance of (0.35), and Downside Deviation of 3.43 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Galaxy Entertainment has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Galaxy Entertainment are expected to decrease at a much lower rate. During the bear market, Galaxy Entertainment is likely to outperform the market. Galaxy Entertainment right now retains a risk of 3.68%. Please check out Galaxy Entertainment jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Galaxy Entertainment will be following its current trending patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Galaxy Entertainment Group has good reverse predictability. Overlapping area represents the amount of predictability between Galaxy Entertainment time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Galaxy Entertainment price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Galaxy Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 6.12 |
Galaxy Entertainment lagged returns against current returns
Autocorrelation, which is Galaxy Entertainment pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Galaxy Entertainment's pink sheet expected returns. We can calculate the autocorrelation of Galaxy Entertainment returns to help us make a trade decision. For example, suppose you find that Galaxy Entertainment has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Galaxy Entertainment regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Galaxy Entertainment pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galaxy Entertainment pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galaxy Entertainment pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Galaxy Entertainment Lagged Returns
When evaluating Galaxy Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galaxy Entertainment pink sheet have on its future price. Galaxy Entertainment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Galaxy Entertainment autocorrelation shows the relationship between Galaxy Entertainment pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Galaxy Entertainment Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Galaxy Pink Sheet Analysis
When running Galaxy Entertainment's price analysis, check to measure Galaxy Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Galaxy Entertainment is operating at the current time. Most of Galaxy Entertainment's value examination focuses on studying past and present price action to predict the probability of Galaxy Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galaxy Entertainment's price. Additionally, you may evaluate how the addition of Galaxy Entertainment to your portfolios can decrease your overall portfolio volatility.