Galaxy Digital Holdings Stock Market Value
| BRPHF Stock | USD 18.11 0.29 1.63% |
| Symbol | Galaxy |
Galaxy Digital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Galaxy Digital's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Galaxy Digital.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Galaxy Digital on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Galaxy Digital Holdings or generate 0.0% return on investment in Galaxy Digital over 90 days. Galaxy Digital is related to or competes with DeFi Technologies, Argo Blockchain, BIG Blockchain, Dmg Blockchain, Neptune Digital, Bluesky Digital, and Hut 8. Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain te... More
Galaxy Digital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Galaxy Digital's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Galaxy Digital Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.55 | |||
| Information Ratio | 0.1224 | |||
| Maximum Drawdown | 35.75 | |||
| Value At Risk | (7.25) | |||
| Potential Upside | 8.05 |
Galaxy Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galaxy Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galaxy Digital's standard deviation. In reality, there are many statistical measures that can use Galaxy Digital historical prices to predict the future Galaxy Digital's volatility.| Risk Adjusted Performance | 0.1211 | |||
| Jensen Alpha | 0.3057 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1502 | |||
| Treynor Ratio | 0.2049 |
Galaxy Digital Holdings Backtested Returns
Galaxy Digital is somewhat reliable given 3 months investment horizon. Galaxy Digital Holdings holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use Galaxy Digital Holdings Downside Deviation of 4.55, risk adjusted performance of 0.1211, and Market Risk Adjusted Performance of 0.2149 to evaluate company specific risk that cannot be diversified away. Galaxy Digital holds a performance score of 14 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 3.95, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Galaxy Digital will likely underperform. Use Galaxy Digital Holdings total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Galaxy Digital Holdings.
Auto-correlation | 0.78 |
Good predictability
Galaxy Digital Holdings has good predictability. Overlapping area represents the amount of predictability between Galaxy Digital time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Galaxy Digital Holdings price movement. The serial correlation of 0.78 indicates that around 78.0% of current Galaxy Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 6.3 |
Galaxy Digital Holdings lagged returns against current returns
Autocorrelation, which is Galaxy Digital pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Galaxy Digital's pink sheet expected returns. We can calculate the autocorrelation of Galaxy Digital returns to help us make a trade decision. For example, suppose you find that Galaxy Digital has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Galaxy Digital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Galaxy Digital pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galaxy Digital pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galaxy Digital pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Galaxy Digital Lagged Returns
When evaluating Galaxy Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galaxy Digital pink sheet have on its future price. Galaxy Digital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Galaxy Digital autocorrelation shows the relationship between Galaxy Digital pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Galaxy Digital Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Galaxy Pink Sheet
Galaxy Digital financial ratios help investors to determine whether Galaxy Pink Sheet 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.