Galaxy Entertainment Correlations

GXYYY Stock

USD 20.68 0.17 0.83%

The current 90-days correlation between Galaxy Entertainment and Las Vegas Sands is 0.15 (i.e., Average diversification). The correlation of Galaxy Entertainment 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 Entertainment Correlation With Market

Significant diversification

The correlation between Galaxy Entertainment Group and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galaxy Entertainment Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Galaxy Entertainment 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 Entertainment 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 Entertainment - 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 Entertainment Group to buy it.

Moving together with Galaxy Pink Sheet

0.78	LVS	Las Vegas Sands	Pair Corr
0.87	SCHYY	Sands China	Pair Corr
0.73	SCHYF	Sands China	Pair Corr

Moving against Galaxy Pink Sheet

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0.72	ACMR	Acm Research Tech Boost	Pair Corr
0.69	KORE	KORE Group Holdings	Pair Corr
0.68	FDUS	Fidus Investment Corp	Pair Corr
0.63	PINS	Pinterest	Pair Corr
0.6	HIMS	Hims Hers Health	Pair Corr
0.58	CMRX	Chimerix	Pair Corr
0.58	CCB	Coastal Financial Corp Normal Trading	Pair Corr
0.56	FMCCM	Federal Home Loan	Pair Corr
0.55	NVAAF	Nova Minerals Limited	Pair Corr
0.42	ASCCY	Asics Corp ADR	Pair Corr
0.42	NEUP	Neuphoria Therapeutics Symbol Change	Pair Corr
0.37	BLBX	Blackboxstocks	Pair Corr
0.73	MAPPF	ProStar Holdings	Pair Corr
0.73	MPLX	MPLX LP	Pair Corr
0.71	DHT	DHT Holdings	Pair Corr
0.67	YAMCF	Yamaha	Pair Corr
0.66	SNWV	SANUWAVE Health	Pair Corr
0.65	FSHPU	Flag Ship Acquisition	Pair Corr
0.64	CUB	Lionheart Holdings	Pair Corr
0.63	CUBXF	CubicFarm Systems Corp	Pair Corr
0.63	NEM	Newmont Goldcorp Corp	Pair Corr
0.61	PHGE	Biomx Inc	Pair Corr

Related Correlations Analysis

	LVS	MGM	CZR	WYNN	RRR	PENN	MLCO
LVS		0.31	0.16	0.67	-0.19	-0.38	0.75	LVS
MGM	0.31		0.86	0.64	0.77	0.56	0.6	MGM
CZR	0.16	0.86		0.51	0.79	0.68	0.56	CZR
WYNN	0.67	0.64	0.51		0.41	0.07	0.84	WYNN
RRR	-0.19	0.77	0.79	0.41		0.79	0.3	RRR
PENN	-0.38	0.56	0.68	0.07	0.79		-0.01	PENN
MLCO	0.75	0.6	0.56	0.84	0.3	-0.01		MLCO
	LVS	MGM	CZR	WYNN	RRR	PENN	MLCO

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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

CZR	+ 0.86	MGM
MLCO	+ 0.84	WYNN
RRR	+ 0.79	CZR
PENN	+ 0.79	RRR
RRR	+ 0.77	MGM
MLCO	+ 0.75	LVS

High negative correlations

PENN	- 0.38	LVS
RRR	- 0.19	LVS
MLCO	- 0.01	PENN

Risk-Adjusted Indicators

There is a big difference between Galaxy Pink Sheet performing well and Galaxy Entertainment Company 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 Entertainment'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
LVS	1.76	(0.11)	0.00	(0.74)	0.00	0.00	2.75	(3.93)	16.07
MGM	1.52	(0.10)	0.00	(0.14)	0.00	0.00	2.15	(4.37)	23.46
CZR	1.67	(0.18)	0.00	(0.21)	0.00	0.00	2.71	(3.95)	15.59
WYNN	1.61	0.00	0.00	(0.06)	0.00	0.00	2.69	(3.22)	13.57
RRR	1.20	0.01	0.00	(0.05)	0.00	0.00	2.96	(2.63)	8.45
PENN	2.37	0.06	0.04	0.15	2.65	(2.50)	4.85	(3.74)	9.56
MLCO	2.28	(0.01)	0.00	(0.07)	0.00	0.00	4.55	(4.66)	13.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Galaxy Entertainment 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.

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Galaxy Entertainment Corporate Management

Wai Lui	Group Admin	Profile
Buddy Lam	VP PR	Profile
DBA DSSc	Chairman Founder	Profile
James Houghton	Director Technology	Profile

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