Galaxy Digital Holdings (FRA:7LX) Momentum Rank : 6 (As of Dec. 16, 2024)

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What is Galaxy Digital Holdings Momentum Rank?

Galaxy Digital Holdings has the Momentum Rank of 6.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Galaxy Digital Holdings's Momentum Rank

For the Capital Markets subindustry, Galaxy Digital Holdings's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Galaxy Digital Holdings's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Galaxy Digital Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Galaxy Digital Holdings's Momentum Rank falls into.

Galaxy Digital Holdings Momentum Rank Related Terms

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Galaxy Digital Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Galaxy Digital Holdings Ltd (FRA:7LX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BRPHF:USA GLXY:Mexico 7LX:Germany GLXY:Canada

Address

300 Vesey Street, New York, NY, USA, 10282

Website

https://www.galaxydigital.io

Galaxy Digital Holdings Ltd is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. The company operates through three business lines: Global Markets, Asset Management, and Digital Infrastructure Solutions. It generates revenue from the buying and selling of digital assets, net gains on digital assets, derivatives trading, and bespoke lending.

Galaxy Digital Holdings Headlines

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