Galaxy Digital Holdings Stock Alpha and Beta Analysis
| GLXY Stock | CAD 23.68 0.12 0.50% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Galaxy Digital Holdings. It also helps investors analyze the systematic and unsystematic risks associated with investing in Galaxy Digital over a specified time horizon. Remember, high Galaxy Digital's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Galaxy Digital's market risk premium analysis include:
Beta 2.79 | Alpha 0.48 | Risk 5.64 | Sharpe Ratio 0.13 | Expected Return 0.75 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Galaxy Digital Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Galaxy Digital market risk premium is the additional return an investor will receive from holding Galaxy Digital long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Galaxy Digital. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Galaxy Digital's performance over market.| α | 0.48 | β | 2.79 |
Galaxy Digital expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Galaxy Digital's Buy-and-hold return. Our buy-and-hold chart shows how Galaxy Digital performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Galaxy Digital Market Price Analysis
Market price analysis indicators help investors to evaluate how Galaxy Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Galaxy Digital shares will generate the highest return on investment. By understating and applying Galaxy Digital stock market price indicators, traders can identify Galaxy Digital position entry and exit signals to maximize returns.
Galaxy Digital Return and Market Media
The median price of Galaxy Digital for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 17.31 with a coefficient of variation of 20.26. The daily time series for the period is distributed with a sample standard deviation of 3.68, arithmetic mean of 18.16, and mean deviation of 2.79. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | 2 High-Growth Stocks That Could Turn 100,000 Into 1 Million - Yahoo Canada Finance | 10/07/2024 |
About Galaxy Digital Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Galaxy or other stocks. Alpha measures the amount that position in Galaxy Digital Holdings has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | PB Ratio | 1.06 | 1.0 | Capex To Depreciation | 0.22 | 0.21 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Galaxy Digital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Galaxy Digital's short interest history, or implied volatility extrapolated from Galaxy Digital options trading.
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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.