Galaxy Digital Correlations

BRPHF Stock

USD 18.11 0.29 1.63%

The current 90-days correlation between Galaxy Digital Holdings and Hut 8 Corp is 0.53 (i.e., Very weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Galaxy Digital Correlation With Market

Very weak diversification

The correlation between Galaxy Digital Holdings and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galaxy Digital Holdings and DJI in the same portfolio, assuming nothing else is changed.

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.

Moving together with Galaxy Pink Sheet

0.92	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.93	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.9	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.86	CGXYY	China Galaxy Securities	Pair Corr
0.93	IBKR	Interactive Brokers Fiscal Year End 21st of January 2025	Pair Corr
0.64	GS-PA	Goldman Sachs	Pair Corr
0.72	MS-PA	Morgan Stanley	Pair Corr
0.64	SSNLF	Samsung Electronics	Pair Corr
0.69	PTAIF	PT Astra International	Pair Corr
0.88	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.86	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.87	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.92	BAC	Bank of America Aggressive Push	Pair Corr
0.82	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.85	DIS	Walt Disney Sell-off Trend	Pair Corr

Moving against Galaxy Pink Sheet

0.85	PPERY	Bank Mandiri Persero	Pair Corr
0.84	BKRKY	Bank Rakyat	Pair Corr
0.82	TLK	Telkom Indonesia Tbk	Pair Corr
0.81	PPERF	Bank Mandiri Persero	Pair Corr
0.75	BKRKF	PT Bank Rakyat	Pair Corr
0.67	PBCRY	Bank Central Asia	Pair Corr
0.45	PBCRF	PT Bank Central	Pair Corr
0.88	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.84	KO	Coca Cola Aggressive Push	Pair Corr
0.82	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.68	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DEFTF	ARBKF	DBKSF	BBKCF	DMGGF	CBTTF	NPPTF	BTCWF	HUT	HIVE
DEFTF		-0.23	0.06	0.16	-0.45	0.05	-0.15	0.63	0.37	0.11	DEFTF
ARBKF	-0.23		0.25	-0.18	0.37	0.34	-0.16	-0.41	-0.36	-0.22	ARBKF
DBKSF	0.06	0.25		-0.21	0.06	0.25	-0.13	-0.11	-0.23	-0.15	DBKSF
BBKCF	0.16	-0.18	-0.21		0.24	-0.3	0.86	0.56	0.85	0.84	BBKCF
DMGGF	-0.45	0.37	0.06	0.24		0.35	0.3	-0.56	-0.1	0.34	DMGGF
CBTTF	0.05	0.34	0.25	-0.3	0.35		-0.39	-0.48	-0.46	-0.24	CBTTF
NPPTF	-0.15	-0.16	-0.13	0.86	0.3	-0.39		0.42	0.79	0.84	NPPTF
BTCWF	0.63	-0.41	-0.11	0.56	-0.56	-0.48	0.42		0.8	0.44	BTCWF
HUT	0.37	-0.36	-0.23	0.85	-0.1	-0.46	0.79	0.8		0.85	HUT
HIVE	0.11	-0.22	-0.15	0.84	0.34	-0.24	0.84	0.44	0.85		HIVE
	DEFTF	ARBKF	DBKSF	BBKCF	DMGGF	CBTTF	NPPTF	BTCWF	HUT	HIVE

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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

NPPTF	+ 0.86	BBKCF
HUT	+ 0.85	BBKCF
HIVE	+ 0.85	HUT
HIVE	+ 0.84	BBKCF
HIVE	+ 0.84	NPPTF
HUT	+ 0.8	BTCWF

High negative correlations

BTCWF	- 0.56	DMGGF
BTCWF	- 0.48	CBTTF
HUT	- 0.46	CBTTF
DMGGF	- 0.45	DEFTF
BTCWF	- 0.41	ARBKF
NPPTF	- 0.39	CBTTF

Risk-Adjusted Indicators

There is a big difference between Galaxy Pink Sheet performing well and Galaxy Digital 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 Digital'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
DEFTF	4.19	(0.02)	0.06	0.12	4.05	(5.52)	9.09	(7.41)	31.55
ARBKF	6.15	(0.39)	(0.01)	0.02	7.09	(9.75)	10.00	(15.38)	34.85
DBKSF	4.26	(0.42)	0.00	0.35	0.00	0.00	0.00	0.00	148.76
BBKCF	4.79	0.41	0.08	0.28	4.62	(9.56)	14.29	(9.09)	42.50
DMGGF	4.73	(0.46)	0.00	(0.01)	0.00	0.00	10.34	(9.09)	33.64
CBTTF	5.49	(0.61)	0.00	(0.08)	0.00	0.00	12.87	(11.03)	47.53
NPPTF	8.21	2.34	0.31	2.17	5.26	(14.13)	18.52	(10.34)	105.56
BTCWF	18.63	7.34	0.45	(1.81)	11.39	(25.23)	80.77	(20.00)	221.94
HUT	4.72	1.26	0.34	0.49	3.81	(5.64)	14.21	(6.27)	32.14
HIVE	4.54	0.14	0.08	0.17	4.77	(5.25)	11.81	(7.71)	29.04

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Our tools can tell you how much better you can do entering a position in Galaxy Digital 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 Digital Corporate Management

Jennifer Lee	Chief Officer	Profile
Christopher Ferraro	Chief Investment Officer	Profile
Damien Vanderwilt	CoPres Markets	Profile
Michael Daffey	Chairman Advisor	Profile
Andrew JD	G Officer	Profile
Alexander Ioffe	Chief Officer	Profile

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