Galaxy Entertainment Correlations
| KW9A Stock | EUR 3.78 0.12 3.08% |
The current 90-days correlation between Galaxy Entertainment and Veolia Environnement SA is 0.27 (i.e., Modest 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.
Galaxy Entertainment Correlation With Market
Average diversification
The correlation between Galaxy Entertainment Group and DJI is 0.11 (i.e., Average 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.
Galaxy |
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 Stock
Moving against Galaxy Stock
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| 0.72 | TLLB | Trelleborg AB | PairCorr |
| 0.64 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.63 | HUKI | HUHTAMAKI | PairCorr |
| 0.61 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.59 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.51 | 5TP | BLUE LABEL | PairCorr |
| 0.44 | BSN | Danone SA | PairCorr |
| 0.44 | JYS1 | JYSKE BANK | PairCorr |
| 0.43 | T62 | TOHO ZINC LTD | PairCorr |
| 0.34 | TKA | thyssenkrupp AG | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Galaxy Stock 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VVD | 0.93 | 0.23 | 0.20 | (1.95) | 0.93 | 2.18 | 5.91 | |||
| U09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JAN | 1.78 | 0.48 | 0.24 | (3.19) | 1.48 | 5.56 | 18.21 | |||
| 14N1 | 0.94 | 0.07 | 0.05 | 2.96 | 1.20 | 1.92 | 6.79 | |||
| KEC | 2.43 | 0.14 | 0.02 | (0.12) | 3.12 | 8.33 | 27.72 | |||
| EDJ | 2.10 | 0.19 | 0.05 | 0.64 | 3.05 | 3.38 | 28.43 | |||
| CMR | 2.13 | 0.24 | 0.06 | (0.43) | 3.22 | 4.64 | 31.14 | |||
| J9R | 2.61 | (0.08) | 0.00 | (0.14) | 0.00 | 5.46 | 24.77 |
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.Did you try this?
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Galaxy Entertainment Corporate Management
Elected by the shareholders, the Galaxy Entertainment's board of directors comprises two types of representatives: Galaxy Entertainment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galaxy. The board's role is to monitor Galaxy Entertainment's management team and ensure that shareholders' interests are well served. Galaxy Entertainment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Galaxy Entertainment's outside directors are responsible for providing unbiased perspectives on the board's policies.