Galaxy Historical Financial Ratios
| GLXY Stock | CAD 25.61 0.46 1.83% |
Galaxy Digital is recently reporting on over 78 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.0 or Days Sales Outstanding of 0.0 will help investors to properly organize and evaluate Galaxy Digital Holdings financial condition quickly.
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About Galaxy Financial Ratios Analysis
Galaxy Digital HoldingsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Galaxy Digital investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Galaxy financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Galaxy Digital history.
Galaxy Digital Financial Ratios Chart
Add Fundamental
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most ratios from Galaxy Digital's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, 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 Average Receivables is very stable compared to the past year. As of the 30th of November 2024, Price Earnings Ratio is likely to grow to 1.90, while PTB Ratio is likely to drop 1.00.
| 2023 | 2024 (projected) | PB Ratio | 1.06 | 1.0 | Capex To Depreciation | 0.22 | 0.21 |
Galaxy Digital fundamentals Correlations
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Galaxy Digital Account Relationship Matchups
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High Negative Relationship
Galaxy Digital fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 0.67 | 2.38 | 2.13 | 0.99 | 1.06 | 1.0 | |
| Book Value Per Share | 1.22 | 3.61 | 8.35 | 2.86 | 7.4 | 7.03 | |
| Free Cash Flow Yield | (3.0E-6) | 0.18 | (0.0117) | (0.26) | (0.02) | (0.021) | |
| Operating Cash Flow Per Share | (3.0E-6) | 1.51 | (0.21) | (0.73) | (0.16) | (0.17) | |
| Pb Ratio | 0.67 | 2.38 | 2.13 | 0.99 | 1.06 | 1.0 | |
| Free Cash Flow Per Share | (0.012) | (3.0E-6) | 1.51 | (0.21) | (0.73) | (0.16) | |
| Roic | 3.46 | 0.0503 | (0.006883) | 0.77 | (0.002539) | (0.002666) | |
| Net Income Per Share | (2.0) | 1.51 | 4.27 | (4.99) | 4.3 | 4.52 | |
| Cash Per Share | 2.05 | 6.0E-6 | 0.28 | 0.0959 | 0.007882 | 0.007488 | |
| Pocfratio | (320.1K) | 5.69 | (85.78) | (3.87) | (49.01) | (51.46) | |
| Pfcf Ratio | (320.1K) | 5.69 | (85.78) | (3.87) | (49.91) | (52.4) | |
| Income Quality | 0.008697 | 1.0E-6 | (0.0486) | 0.15 | (0.037) | (0.0351) | |
| Roe | (1.64) | 0.42 | 0.51 | (1.75) | 0.58 | 0.61 | |
| Ev To Operating Cash Flow | (320.1K) | 5.89 | (84.4) | (3.74) | (48.96) | (51.4) | |
| Pe Ratio | (0.41) | 5.69 | 4.17 | (0.57) | 1.81 | 1.9 | |
| Return On Tangible Assets | (1.64) | 0.39 | 0.45 | (1.33) | 0.52 | 0.55 | |
| Ev To Free Cash Flow | (320.1K) | 5.89 | (84.4) | (3.74) | (49.85) | (52.35) | |
| Earnings Yield | (2.45) | 0.18 | 0.24 | (1.76) | 0.55 | 0.58 | |
| Tangible Book Value Per Share | 1.22 | 3.61 | 8.35 | 2.86 | 7.4 | 7.03 | |
| Graham Number | 7.41 | 11.06 | 28.31 | 17.9 | 26.75 | 25.41 | |
| Shareholders Equity Per Share | 1.22 | 3.61 | 8.35 | 2.86 | 7.39 | 7.02 | |
| Enterprise Value Over E B I T D A | (0.38) | 353.3M | (636.28) | (1.22) | 2.04 | 1.94 | |
| Price Earnings Ratio | (0.41) | 5.69 | 4.17 | (0.57) | 1.81 | 1.9 | |
| Price Book Value Ratio | 0.67 | 2.38 | 2.13 | 0.99 | 1.06 | 1.0 | |
| Price Earnings To Growth Ratio | (0.008877) | (0.0317) | 0.0251 | 0.00261 | (0.009561) | (0.009083) | |
| Price To Operating Cash Flows Ratio | (320.1K) | 5.69 | (85.78) | (3.87) | (49.01) | (51.46) | |
| Price To Free Cash Flows Ratio | (320.1K) | 5.69 | (85.78) | (3.87) | (49.91) | (52.4) | |
| Ebt Per Ebit | (0.97) | 8.33 | (74.3) | (2.26) | (183.58) | (174.41) | |
| Effective Tax Rate | (1.04) | 3.0E-6 | 0.2 | 0.0966 | 0.0971 | 0.1 | |
| Return On Capital Employed | 1.69 | 0.0503 | (0.008251) | 0.76 | (0.002685) | (0.002819) |
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
| 0.83 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.79 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.8 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.79 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Galaxy Stock
| 0.47 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
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
Galaxy Digital HoldingsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Galaxy Digital investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Galaxy financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Galaxy Digital history.