Galaxy Digital Beta
What is the Beta of Galaxy Digital?
The Beta of Galaxy Digital Holdings Ltd. is 1.00
What is the definition of Beta?
BETA indicates whether a stock is more or less volatile than the market as a whole. A beta less than 1 indicates that the stock is less volatile than the market, while a beta more than 1 indicates that the stock is more volatile. Volatility is measured as the fluctuation of the price around the mean.
Beta is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors. The market portfolio of all investable assets has a beta of exactly 1. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market. A beta greater than one generally means that the asset both is volatile and tends to move up and down with the market. Beta is important because it measures the risk of an investment that cannot be reduced by diversification. It does not measure the risk of an investment held on a stand-alone basis, but the amount of risk the investment adds to an already-diversified portfolio. In the capital asset pricing model, beta risk is the only kind of risk for which investors should receive an expected return higher than the risk-free rate of interest.
Beta of companies in the Finance sector on TSXV compared to Galaxy Digital
Companies with beta similar to Galaxy Digital
- Electrocomponents Plc has Beta of 1.00
- Coventry Ltd has Beta of 1.00
- Olav Thon Eiendomsselskap ASA has Beta of 1.00
- Herald Investment Trust Plc has Beta of 1.00
- Haulotte SA has Beta of 1.00
- Horizon Minerals has Beta of 1.00
- Galaxy Digital has Beta of 1.00
- Stria Lithium has Beta of 1.00
- Goldman Sachs has Beta of 1.00
- Ascential Plc has Beta of 1.00
- BMO Commercial Property Trust has Beta of 1.00
- Everest Industries has Beta of 1.00
- Griffin Mining has Beta of 1.00