Galaxy Payroll Group Stock Market Value
| GLXG Stock | 0.89 0.08 9.88% |
| Symbol | Galaxy |
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Galaxy Payroll. If investors know Galaxy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Galaxy Payroll listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Galaxy Payroll Group is measured differently than its book value, which is the value of Galaxy that is recorded on the company's balance sheet. Investors also form their own opinion of Galaxy Payroll's value that differs from its market value or its book value, called intrinsic value, which is Galaxy Payroll's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Galaxy Payroll's market value can be influenced by many factors that don't directly affect Galaxy Payroll's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Galaxy Payroll's value and its price as these two are different measures arrived at by different means. Investors typically determine if Galaxy Payroll is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Galaxy Payroll's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Galaxy Payroll '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 Payroll's stock 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 Payroll.
| 12/24/2024 |
| 03/24/2025 |
If you would invest 0.00 in Galaxy Payroll on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Galaxy Payroll Group or generate 0.0% return on investment in Galaxy Payroll over 90 days. Galaxy Payroll is related to or competes with Gap,, Solstad Offshore, Cardinal Health, Olympic Steel, Simon Property, KNOT Offshore, and HF Sinclair. More
Galaxy Payroll 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 Payroll's stock 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 Payroll Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.8 | |||
| Information Ratio | 0.0696 | |||
| Maximum Drawdown | 33.7 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 13.64 |
Galaxy Payroll Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galaxy Payroll's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galaxy Payroll's standard deviation. In reality, there are many statistical measures that can use Galaxy Payroll historical prices to predict the future Galaxy Payroll's volatility.| Risk Adjusted Performance | 0.0627 | |||
| Jensen Alpha | 0.3258 | |||
| Total Risk Alpha | 0.9052 | |||
| Sortino Ratio | 0.0801 | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Galaxy Payroll's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Galaxy Payroll Group Backtested Returns
Galaxy Payroll appears to be abnormally volatile, given 3 months investment horizon. Galaxy Payroll Group holds Efficiency (Sharpe) Ratio of 0.0848, which attests that the entity had a 0.0848 % return per unit of risk over the last 3 months. By evaluating Galaxy Payroll's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Galaxy Payroll's Risk Adjusted Performance of 0.0627, market risk adjusted performance of (0.36), and Downside Deviation of 5.8 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Galaxy Payroll holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -1.07, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Galaxy Payroll are expected to decrease slowly. On the other hand, during market turmoil, Galaxy Payroll is expected to outperform it slightly. Please check Galaxy Payroll's sortino ratio and the relationship between the downside variance and market facilitation index , to make a quick decision on whether Galaxy Payroll's current trending patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Galaxy Payroll Group has average predictability. Overlapping area represents the amount of predictability between Galaxy Payroll time series from 24th of December 2024 to 7th of February 2025 and 7th of February 2025 to 24th of March 2025. 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 Payroll Group price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Galaxy Payroll price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Galaxy Payroll Group lagged returns against current returns
Autocorrelation, which is Galaxy Payroll stock'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 Payroll's stock expected returns. We can calculate the autocorrelation of Galaxy Payroll returns to help us make a trade decision. For example, suppose you find that Galaxy Payroll has exhibited high autocorrelation historically, and you observe that the stock 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 Payroll 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 Payroll stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galaxy Payroll stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galaxy Payroll stock over time.
Current vs Lagged Prices |
| Timeline |
Galaxy Payroll Lagged Returns
When evaluating Galaxy Payroll's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galaxy Payroll stock have on its future price. Galaxy Payroll 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 Payroll autocorrelation shows the relationship between Galaxy Payroll stock current value and its past values and can show if there is a momentum factor associated with investing in Galaxy Payroll Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Galaxy Payroll Group is a strong investment it is important to analyze Galaxy Payroll's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Galaxy Payroll's future performance. For an informed investment choice regarding Galaxy Stock, refer to the following important reports:Check out Galaxy Payroll Correlation, Galaxy Payroll Volatility and Galaxy Payroll Alpha and Beta module to complement your research on Galaxy Payroll. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Galaxy Payroll technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.