Galaxy Digital Inc. Class A Common Stock (GLXY) — Stock Correlations & Overview
Over the past year, GLXY has moved most closely with GLGG, GLXU, BLOK. Explore the stocks most correlated and inversely correlated with GLXY below, along with its price, financials, and company profile.
Stocks correlated with GLXY
Correlation of daily returns. Higher positive values move with GLXY; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLXY
| Symbol | Company | Correlation |
|---|---|---|
| GLGG | Leverage Shares 2X Long GLXY Daily ETF | 1.00 |
| GLXU | T-REX 2X Long GLXY Daily Target ETF | 1.00 |
| BLOK | Amplify Blockchain Technology ETF | 0.83 |
| BLOX | Nicholas Crypto Income ETF | 0.83 |
| DAPP | VanEck Digital Transformation ETF | 0.82 |
Most inversely correlated with GLXY
| Symbol | Company | Correlation |
|---|---|---|
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.66 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.66 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.65 |
| BITI | ProShares Short Bitcoin ETF | -0.64 |
| ETHD | ProShares UltraShort Ether ETF | -0.63 |
Frequently asked questions about GLXY correlations
- Which stocks are most correlated with GLXY?
- Based on one year of daily returns, the stocks most correlated with Galaxy Digital Inc. Class A Common Stock (GLXY) are GLGG (1.00), GLXU (1.00) and BLOK (0.83). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GLXY?
- Over the past year, the stocks most inversely correlated with Galaxy Digital Inc. Class A Common Stock (GLXY) are BTCZ (-0.66), SBIT (-0.66) and SARK (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GLXY correlations calculated?
- We compute the correlation of daily returns between GLXY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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