Galaxy Payroll Correlations

GLXG Stock

4.10 0.05 1.20%

The current 90-days correlation between Galaxy Payroll Group and Professional Diversity Network is -0.07 (i.e., Good diversification). The correlation of Galaxy Payroll 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Galaxy Payroll Correlation With Market

Average diversification

The correlation between Galaxy Payroll Group and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galaxy Payroll Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Galaxy Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galaxy Payroll Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

Moving against Galaxy Stock

0.45	HSII	Heidrick Struggles	Pair Corr
0.39	TREIF	TreatmentCom International	Pair Corr
0.38	PVSP	Pervasip Corp	Pair Corr
0.51	RANG	Range Capital Acquisition	Pair Corr
0.46	GDLNF	Greenland Minerals And	Pair Corr
0.35	CDBMF	Cordoba Minerals Corp	Pair Corr

Related Correlations Analysis

	IPDN	FPAY	FBGL	SKK	CHNR	CDTG	FGL	ASTC	IVDA	HIHO
IPDN		0.11	0.04	-0.41	0.19	-0.11	-0.11	-0.09	-0.31	0.16	IPDN
FPAY	0.11		0.21	0.35	-0.5	0.32	0.59	0.51	0.19	0.37	FPAY
FBGL	0.04	0.21		0.04	0.14	0.52	-0.19	0.26	0.03	0.51	FBGL
SKK	-0.41	0.35	0.04		-0.68	0.09	0.66	0.66	0.63	0.27	SKK
CHNR	0.19	-0.5	0.14	-0.68		0.09	-0.83	-0.7	-0.61	-0.17	CHNR
CDTG	-0.11	0.32	0.52	0.09	0.09		0.11	0.11	-0.12	0.51	CDTG
FGL	-0.11	0.59	-0.19	0.66	-0.83	0.11		0.59	0.46	0.35	FGL
ASTC	-0.09	0.51	0.26	0.66	-0.7	0.11	0.59		0.74	0.39	ASTC
IVDA	-0.31	0.19	0.03	0.63	-0.61	-0.12	0.46	0.74		0.11	IVDA
HIHO	0.16	0.37	0.51	0.27	-0.17	0.51	0.35	0.39	0.11		HIHO
	IPDN	FPAY	FBGL	SKK	CHNR	CDTG	FGL	ASTC	IVDA	HIHO

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IVDA	+ 0.74	ASTC
FGL	+ 0.66	SKK
ASTC	+ 0.66	SKK
IVDA	+ 0.63	SKK
FGL	+ 0.59	FPAY
ASTC	+ 0.59	FGL

High negative correlations

FGL	- 0.83	CHNR
ASTC	- 0.7	CHNR
CHNR	- 0.68	SKK
IVDA	- 0.61	CHNR
CHNR	- 0.5	FPAY
SKK	- 0.41	IPDN

Risk-Adjusted Indicators

There is a big difference between Galaxy Stock performing well and Galaxy Payroll Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Galaxy Payroll's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IPDN	13.19	3.77	0.33	(2.91)	8.89	(17.16)	29.64	(19.90)	280.17
FPAY	10.64	(5.24)	0.00	3.17	0.00	0.00	12.12	(35.00)	92.74
FBGL	4.36	(0.07)	0.00	(0.08)	0.00	0.00	9.62	(9.37)	36.43
SKK	3.54	(0.38)	0.00	(0.28)	0.00	0.00	8.57	(7.69)	29.17
CHNR	4.57	0.79	0.16	0.53	4.93	(5.38)	11.61	(8.31)	53.93
CDTG	5.74	0.28	0.03	(131.59)	5.74	(8.51)	7.02	(9.68)	105.76
FGL	5.98	(2.08)	0.00	(0.59)	0.00	0.00	11.90	(13.89)	47.87
ASTC	3.32	(0.79)	0.00	(0.15)	0.00	0.00	5.19	(6.59)	33.36
IVDA	4.42	(0.72)	0.00	(0.08)	0.00	0.00	7.45	(10.60)	67.69
HIHO	1.47	(0.02)	0.00	(1.31)	0.00	0.00	3.14	(2.94)	8.20

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