Galaxy Operating 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 Operating 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.
Operating Income vs Interest Expense
Operating 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 Operating Income account and Interest Expense. At this time, the significance of the direction appears to have weak relationship.
The correlation between Galaxy Digital's Operating Income and Interest Expense is 0.31. Overlapping area represents the amount of variation of Operating 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 Operating 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 Operating 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 Operating Income i.e., Galaxy Digital's Operating Income and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Operating Income
Operating Income is the amount of profit realized from Galaxy Digital Holdings operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Galaxy Digital Holdings is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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
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Galaxy Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Galaxy Digital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 81.0M | 267.8M | 888.8M | 394.3M | 875.2M | 919.0M | |
Total Stockholder Equity | 81.0M | 247.0M | 786.3M | 299.3M | 781.0M | 820.1M | |
Net Debt | (318.9K) | (169.0) | (26.8M) | (10.0M) | (833K) | (874.7K) | |
Retained Earnings | (173.5M) | (70.1M) | 332.0M | (190.7M) | 264.1M | 277.3M | |
Cash And Short Term Investments | 169.0 | 0.0 | 26.8M | 10.0M | 833K | 791.4K | |
Common Stock Shares Outstanding | 66.4M | 301.2M | 349.3M | 104.8M | 127.0M | 133.4M | |
Liabilities And Stockholders Equity | 81.0M | 267.8M | 888.8M | 394.3M | 875.2M | 919.0M | |
Other Stockholder Equity | (67.1K) | (231.2K) | (749.4K) | (229.2K) | (206.3K) | (195.9K) | |
Total Current Assets | 0.0 | 20.8M | 47.3M | 78.9M | 89.2M | 93.7M | |
Non Current Assets Total | 81.0M | 247.0M | 841.5M | 315.4M | 786.0M | 825.3M | |
Accumulated Other Comprehensive Income | 13.9M | 15.8M | 36.9M | 70.1M | 94.8M | 99.5M | |
Common Stock Total Equity | 1.8M | 237.0M | 240.6M | 301.3M | 346.5M | 363.8M | |
Common Stock | 240.6M | 301.3M | 417.4M | 419.9M | 422.2M | 443.3M | |
Net Tangible Assets | 81.0M | 247.0M | 786.3M | 299.3M | 344.2M | 254.4M | |
Net Invested Capital | 81.0M | 247.0M | 786.3M | 299.3M | 781.0M | 820.1M | |
Long Term Investments | 81.0M | 247.0M | 841.5M | 257.8M | 763.9M | 439.2M | |
Capital Stock | 240.6M | 301.3M | 417.4M | 419.9M | 422.2M | 373.7M |
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
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.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.