Galaxy Entertainment Correlations

GXYYY Stock

USD 23.46 0.36 1.51%

The current 90-days correlation between Galaxy Entertainment and Las Vegas Sands is -0.04 (i.e., Good diversification). The correlation of Galaxy Entertainment 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Galaxy Entertainment Correlation With Market

Weak diversification

The correlation between Galaxy Entertainment Group and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galaxy Entertainment Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Galaxy Entertainment 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 Entertainment 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 Entertainment - 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 Entertainment Group to buy it.

Moving together with Galaxy Pink Sheet

0.95	LVS	Las Vegas Sands	Pair Corr
0.85	GXYEF	Galaxy Entertainment	Pair Corr
0.95	SCHYY	Sands China	Pair Corr
0.87	SCHYF	Sands China	Pair Corr
0.88	WYNN	Wynn Resorts Limited Sell-off Trend	Pair Corr
0.85	MGM	MGM Resorts International Earnings Call This Week	Pair Corr
0.87	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.86	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.72	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.83	ZG	Zillow Group	Pair Corr
0.75	BCE	BCE Inc	Pair Corr
0.94	RLX	RLX Technology	Pair Corr
0.62	FA	First Advantage Corp	Pair Corr
0.74	WFC-PY	Wells Fargo	Pair Corr
0.81	AMST	Amesite Operating	Pair Corr
0.93	HAE	Haemonetics	Pair Corr
0.85	NNNN	Anbio Biotechnology Class	Pair Corr
0.89	BNDSY	Banco de Sabadell Earnings Call Today	Pair Corr
0.75	SOME	Somerset Trust Holding	Pair Corr
0.69	PANW	Palo Alto Networks	Pair Corr

Moving against Galaxy Pink Sheet

0.43

TGGI

Trans Global Grp

Pair Corr

Related Correlations Analysis

	LVS	MGM	CZR	WYNN	RRR	PENN	MLCO
LVS		0.91	0.69	0.94	0.95	0.8	0.97	LVS
MGM	0.91		0.82	0.94	0.84	0.9	0.92	MGM
CZR	0.69	0.82		0.83	0.54	0.67	0.69	CZR
WYNN	0.94	0.94	0.83		0.85	0.77	0.95	WYNN
RRR	0.95	0.84	0.54	0.85		0.81	0.93	RRR
PENN	0.8	0.9	0.67	0.77	0.81		0.82	PENN
MLCO	0.97	0.92	0.69	0.95	0.93	0.82		MLCO
	LVS	MGM	CZR	WYNN	RRR	PENN	MLCO

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Risk-Adjusted Indicators

There is a big difference between Galaxy Pink Sheet performing well and Galaxy Entertainment 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 Entertainment'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
LVS	1.64	0.75	0.28	(1.59)	1.02	(1.96)	6.15	(2.48)	10.38
MGM	1.68	0.12	0.14	0.28	1.38	(2.04)	4.70	(2.29)	11.03
CZR	2.11	(0.12)	0.03	0.14	2.29	(2.38)	5.72	(3.68)	13.72
WYNN	1.59	0.31	0.24	0.45	1.19	(2.03)	3.12	(2.88)	11.59
RRR	1.46	0.57	0.22	(1.09)	0.82	(1.87)	5.16	(2.08)	8.51
PENN	2.22	0.09	0.08	0.26	2.34	(2.49)	5.64	(3.56)	16.00
MLCO	1.91	1.06	0.45	(5.41)	1.03	(2.46)	5.07	(2.63)	12.73

Be your own money manager

Our tools can tell you how much better you can do entering a position in Galaxy Entertainment without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Galaxy Entertainment Corporate Management

Wai Lui	Group Admin	Profile
Buddy Lam	VP PR	Profile
DBA DSSc	Chairman Founder	Profile
James Houghton	Director Technology	Profile

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