Galaxy Gaming Stock Market Value
| GLXZ Stock | USD 2.86 0.02 0.69% |
| Symbol | Galaxy |
Galaxy Gaming '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 Gaming's otc 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 Gaming.
| 02/14/2025 |
| 03/16/2025 |
If you would invest 0.00 in Galaxy Gaming on February 14, 2025 and sell it all today you would earn a total of 0.00 from holding Galaxy Gaming or generate 0.0% return on investment in Galaxy Gaming over 30 days. Galaxy Gaming is related to or competes with 888 Holdings. Galaxy Gaming, Inc., a gaming company, designs, develops, acquires, assembles, markets, and licenses proprietary casino ... More
Galaxy Gaming 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 Gaming's otc 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 Gaming upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9246 | |||
| Information Ratio | 0.1898 | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.82 |
Galaxy Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galaxy Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galaxy Gaming's standard deviation. In reality, there are many statistical measures that can use Galaxy Gaming historical prices to predict the future Galaxy Gaming's volatility.| Risk Adjusted Performance | 0.0641 | |||
| Jensen Alpha | 0.0638 | |||
| Total Risk Alpha | 0.16 | |||
| Sortino Ratio | 0.1753 | |||
| Treynor Ratio | 0.5362 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Galaxy Gaming'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 Gaming Backtested Returns
At this stage we consider Galaxy OTC Stock to be somewhat reliable. Galaxy Gaming holds Efficiency (Sharpe) Ratio of 0.0474, which attests that the entity had a 0.0474 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Galaxy Gaming, which you can use to evaluate the volatility of the firm. Please check out Galaxy Gaming's Downside Deviation of 0.9246, risk adjusted performance of 0.0641, and Market Risk Adjusted Performance of 0.5462 to validate if the risk estimate we provide is consistent with the expected return of 0.0379%. Galaxy Gaming has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0989, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Galaxy Gaming's returns are expected to increase less than the market. However, during the bear market, the loss of holding Galaxy Gaming is expected to be smaller as well. Galaxy Gaming right now retains a risk of 0.8%. Please check out Galaxy Gaming jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Galaxy Gaming will be following its current trending patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Galaxy Gaming has very good reverse predictability. Overlapping area represents the amount of predictability between Galaxy Gaming time series from 14th of February 2025 to 1st of March 2025 and 1st of March 2025 to 16th 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 Gaming price movement. The serial correlation of -0.67 indicates that around 67.0% of current Galaxy Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Galaxy Gaming lagged returns against current returns
Autocorrelation, which is Galaxy Gaming otc 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 Gaming's otc stock expected returns. We can calculate the autocorrelation of Galaxy Gaming returns to help us make a trade decision. For example, suppose you find that Galaxy Gaming has exhibited high autocorrelation historically, and you observe that the otc 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 Gaming 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 Gaming otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galaxy Gaming otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galaxy Gaming otc stock over time.
Current vs Lagged Prices |
| Timeline |
Galaxy Gaming Lagged Returns
When evaluating Galaxy Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galaxy Gaming otc stock have on its future price. Galaxy Gaming 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 Gaming autocorrelation shows the relationship between Galaxy Gaming otc stock current value and its past values and can show if there is a momentum factor associated with investing in Galaxy Gaming.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Galaxy OTC Stock Analysis
When running Galaxy Gaming's price analysis, check to measure Galaxy Gaming's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Galaxy Gaming is operating at the current time. Most of Galaxy Gaming's value examination focuses on studying past and present price action to predict the probability of Galaxy Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galaxy Gaming's price. Additionally, you may evaluate how the addition of Galaxy Gaming to your portfolios can decrease your overall portfolio volatility.