Galaxy Entertainment (Germany) Market Value
| KW9A Stock | EUR 4.20 0.02 0.48% |
| Symbol | Galaxy |
Galaxy Entertainment '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 Entertainment'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 Entertainment.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Galaxy Entertainment on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Galaxy Entertainment Group or generate 0.0% return on investment in Galaxy Entertainment over 30 days. Galaxy Entertainment is related to or competes with Las Vegas, Sands China, MGM Resorts, Wynn Resorts, ENTAIN PLC, and Entain Plc. Galaxy Entertainment Group Limited, an investment holding company, engages gaming and entertainment, and construction ma... More
Galaxy Entertainment 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 Entertainment'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 Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.18 | |||
| Information Ratio | 0.134 | |||
| Maximum Drawdown | 29.92 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 10.04 |
Galaxy Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galaxy Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galaxy Entertainment's standard deviation. In reality, there are many statistical measures that can use Galaxy Entertainment historical prices to predict the future Galaxy Entertainment's volatility.| Risk Adjusted Performance | 0.12 | |||
| Jensen Alpha | 0.6103 | |||
| Total Risk Alpha | 0.5029 | |||
| Sortino Ratio | 0.1455 | |||
| Treynor Ratio | 0.7099 |
Galaxy Entertainment Backtested Returns
Galaxy Entertainment appears to be relatively risky, given 3 months investment horizon. Galaxy Entertainment holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Galaxy Entertainment's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Galaxy Entertainment's Downside Deviation of 4.18, market risk adjusted performance of 0.7199, and Risk Adjusted Performance of 0.12 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Galaxy Entertainment holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. Galaxy Entertainment returns are very sensitive to returns on the market. As the market goes up or down, Galaxy Entertainment is expected to follow. Please check Galaxy Entertainment's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Galaxy Entertainment's current trending patterns will revert.
Auto-correlation | -0.92 |
Near perfect reversele predictability
Galaxy Entertainment Group has near perfect reversele predictability. Overlapping area represents the amount of predictability between Galaxy Entertainment time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Entertainment price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Galaxy Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.92 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Galaxy Entertainment lagged returns against current returns
Autocorrelation, which is Galaxy Entertainment 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 Entertainment's stock expected returns. We can calculate the autocorrelation of Galaxy Entertainment returns to help us make a trade decision. For example, suppose you find that Galaxy Entertainment 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 Entertainment 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 Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galaxy Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galaxy Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Galaxy Entertainment Lagged Returns
When evaluating Galaxy Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galaxy Entertainment stock have on its future price. Galaxy Entertainment 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 Entertainment autocorrelation shows the relationship between Galaxy Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Galaxy Entertainment Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Galaxy Stock
Galaxy Entertainment financial ratios help investors to determine whether Galaxy Stock 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 Entertainment security.