Galaxy Net Income vs Interest Expense Analysis

GLXY Stock  CAD 27.71  1.63  6.25%   
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 and its Interest Expense 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 vs Interest Expense

Net Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galaxy Digital Holdings Net Income account and Interest Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Galaxy Digital's Net Income and Interest Expense is -0.12. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Expense 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 and Interest Expense 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 of Galaxy Digital Holdings are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Net Income i.e., Galaxy Digital's Net Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Galaxy Digital Holdings financial statement analysis. It represents the amount of money remaining after all of Galaxy Digital Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
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 5th of December 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

0.931.0-0.280.760.530.410.820.720.89-0.450.940.91.00.710.730.820.310.90.840.89-0.630.851.00.480.87
0.930.92-0.430.550.610.480.860.730.98-0.620.980.920.920.580.750.830.290.930.860.93-0.540.840.920.480.78
1.00.92-0.280.770.510.410.810.720.88-0.440.920.881.00.720.710.810.310.880.840.88-0.630.841.00.470.88
-0.28-0.43-0.280.07-0.51-0.77-0.09-0.77-0.50.49-0.26-0.11-0.290.210.14-0.03-0.09-0.27-0.53-0.5-0.03-0.57-0.280.33-0.21
0.760.550.770.070.420.190.420.440.43-0.260.60.530.770.630.370.410.170.590.330.39-0.470.580.770.180.86
0.530.610.51-0.510.420.670.140.660.5-0.340.610.350.54-0.120.050.110.060.610.360.460.030.840.51-0.330.66
0.410.480.41-0.770.190.670.110.910.48-0.420.430.250.43-0.16-0.060.060.070.390.480.50.030.730.41-0.320.45
0.820.860.81-0.090.420.140.110.420.89-0.520.860.970.80.80.970.990.310.790.790.83-0.680.50.810.860.55
0.720.730.72-0.770.440.660.910.420.74-0.530.670.530.730.190.220.380.20.630.750.76-0.270.870.72-0.050.67
0.890.980.88-0.50.430.50.480.890.74-0.660.930.910.880.580.770.850.30.880.90.95-0.550.780.880.530.68
-0.45-0.62-0.440.49-0.26-0.34-0.42-0.52-0.53-0.66-0.55-0.53-0.44-0.3-0.4-0.40.03-0.52-0.38-0.430.31-0.38-0.44-0.25-0.41
0.940.980.92-0.260.60.610.430.860.670.93-0.550.950.920.610.80.840.270.940.790.88-0.550.820.920.530.81
0.90.920.88-0.110.530.350.250.970.530.91-0.530.950.870.750.940.950.30.880.790.85-0.630.640.880.750.69
1.00.921.0-0.290.770.540.430.80.730.88-0.440.920.870.70.70.80.30.890.840.88-0.620.861.00.450.88
0.710.580.720.210.63-0.12-0.160.80.190.58-0.30.610.750.70.80.810.380.560.530.54-0.640.290.720.790.62
0.730.750.710.140.370.05-0.060.970.220.77-0.40.80.940.70.80.970.280.730.650.71-0.650.350.710.930.47
0.820.830.81-0.030.410.110.060.990.380.85-0.40.840.950.80.810.970.270.760.810.84-0.660.490.810.870.54
0.310.290.31-0.090.170.060.070.310.20.30.030.270.30.30.380.280.270.430.320.32-0.30.250.310.240.32
0.90.930.88-0.270.590.610.390.790.630.88-0.520.940.880.890.560.730.760.430.760.84-0.590.810.880.450.78
0.840.860.84-0.530.330.360.480.790.750.9-0.380.790.790.840.530.650.810.320.760.99-0.550.770.840.470.57
0.890.930.88-0.50.390.460.50.830.760.95-0.430.880.850.880.540.710.840.320.840.99-0.550.820.890.480.65
-0.63-0.54-0.63-0.03-0.470.030.03-0.68-0.27-0.550.31-0.55-0.63-0.62-0.64-0.65-0.66-0.3-0.59-0.55-0.55-0.3-0.63-0.61-0.38
0.850.840.84-0.570.580.840.730.50.870.78-0.380.820.640.860.290.350.490.250.810.770.82-0.30.840.010.84
1.00.921.0-0.280.770.510.410.810.720.88-0.440.920.881.00.720.710.810.310.880.840.89-0.630.840.470.88
0.480.480.470.330.18-0.33-0.320.86-0.050.53-0.250.530.750.450.790.930.870.240.450.470.48-0.610.010.470.19
0.870.780.88-0.210.860.660.450.550.670.68-0.410.810.690.880.620.470.540.320.780.570.65-0.380.840.880.19
Click cells to compare fundamentals

Galaxy Digital Account Relationship Matchups

Galaxy Digital fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets81.0M267.8M888.8M394.3M875.2M919.0M
Total Stockholder Equity81.0M247.0M786.3M299.3M781.0M820.1M
Net Debt(318.9K)(169.0)(26.8M)(10.0M)(833K)(874.7K)
Retained Earnings(173.5M)(70.1M)332.0M(190.7M)264.1M277.3M
Cash And Short Term Investments169.00.026.8M10.0M833K791.4K
Common Stock Shares Outstanding66.4M301.2M349.3M104.8M127.0M133.4M
Liabilities And Stockholders Equity81.0M267.8M888.8M394.3M875.2M919.0M
Other Stockholder Equity(67.1K)(231.2K)(749.4K)(229.2K)(206.3K)(195.9K)
Total Current Assets0.020.8M47.3M78.9M89.2M93.7M
Non Current Assets Total81.0M247.0M841.5M315.4M786.0M825.3M
Accumulated Other Comprehensive Income13.9M15.8M36.9M70.1M94.8M99.5M
Common Stock Total Equity1.8M237.0M240.6M301.3M346.5M363.8M
Common Stock240.6M301.3M417.4M419.9M422.2M443.3M
Net Tangible Assets81.0M247.0M786.3M299.3M344.2M254.4M
Net Invested Capital81.0M247.0M786.3M299.3M781.0M820.1M
Long Term Investments81.0M247.0M841.5M257.8M763.9M439.2M
Capital Stock240.6M301.3M417.4M419.9M422.2M373.7M

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

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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 CorrelationCorrelation 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.