Golden Competitors

Stocks . USA . 
Stock . Golden Matrix Group
GMGI Stock  USD 0.64  0.07  12.28%   
Golden Matrix Group competes with Playstudios, KULR Technology, TROOPS, Skillz Platform, and Wrap Technologies; as well as few others. The company conducts business under Entertainment sector and is part of Communication Services industry. Analyzing Golden Matrix competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Golden Matrix to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Golden Matrix Correlation with its peers.

Golden Matrix vs Arrive AI Correlation

Very weak diversification

The correlation between Golden Matrix Group and ARAI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Matrix Group and ARAI in the same portfolio, assuming nothing else is changed.

Moving against Golden Stock

  0.6SCG Sporting Clube dePairCorr
  0.49SPRX Sparx TechnologyPairCorr
  0.373LN Live Nation EntertainmentPairCorr
  0.319DB Dave Busters EntertaPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
0.030.625.86
Details
Intrinsic
Valuation
LowRealHigh
0.061.176.41
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Golden Matrix. Your research has to be compared to or analyzed against Golden Matrix's peers to derive any actionable benefits. When done correctly, Golden Matrix's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Golden Matrix Group.

Golden Matrix Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Golden Matrix and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Golden and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Golden Matrix Group does not affect the price movement of the other competitor.

High positive correlations

ARAI
+ 0.94
SKLZ
SATL
+ 0.79
TROO
ARAI
+ 0.76
MYPS
SKLZ
+ 0.73
MYPS
TEAD
+ 0.7
MYPS
WRAP
+ 0.64
KULR
  

High negative correlations

SKLZ
- 0.87
TROO
ARAI
- 0.83
TROO
SATL
- 0.77
SKLZ
ARAI
- 0.75
SATL
TROO
- 0.56
MYPS
EXFY
- 0.53
TROO

Risk-Adjusted Indicators

There is a big difference between Golden Stock performing well and Golden Matrix 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 Golden Matrix'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MYPS  3.49 (0.82) 0.00 (0.41) 0.00 
 0.00 
 5.26 
(10.59)
 22.45 
KULR  5.70 (0.30)(0.01) 0.01  5.99 
(7.26)
 13.83 
(9.33)
 30.96 
TROO  5.33  1.92  0.35  1.20  4.64 
(6.85)
 13.53 
(8.68)
 41.09 
SKLZ  2.62 (0.92) 0.00 (0.31) 0.00 
 0.00 
 4.16 
(6.64)
 28.19 
WRAP  5.24 (0.35) 0.00 (0.11) 0.00 
 0.00 
 12.65 
(9.29)
 43.99 
AISP  4.49 (0.78) 0.00 (0.20) 0.00 
 0.00 
 10.98 
(8.70)
 32.14 
EXFY  2.33 (0.25) 0.00 (0.19) 0.00 
 0.00 
 4.83 
(4.17)
 12.92 
TEAD  6.29 (0.89) 0.00 (0.15) 0.00 
 0.00 
 12.70 
(9.76)
 46.26 
SATL  6.86  1.16  0.18  0.64  6.44 
(8.39)
 19.93 
(10.05)
 47.02 
ARAI  4.56 (2.16) 0.00 (0.58) 0.00 
 0.00 
 6.15 
(11.85)
 29.79 

Golden Matrix Competitive Analysis

The better you understand Golden Matrix competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Golden Matrix's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Golden Matrix's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
GMGI MYPS KULR TROO SKLZ WRAP AISP EXFY TEAD SATL
 12.28 
 0.64 
Golden
 2.00 
 0.51 
Playstudios
 10.66 
 2.85 
KULR
 2.70 
 3.96 
TROOPS
 1.06 
 3.72 
Skillz
 3.93 
 1.85 
Wrap
 4.41 
 2.60 
Airship
 1.45 
 1.40 
Expensify
 12.70 
 0.71 
Teads
 4.87 
 3.32 
Satellogic
Market Volatility
(90 Days Market Risk)
Extremely Dangerous
Extremely Dangerous
Very risky
Very risky
Relatively risky
Dangerous
Very risky
Very risky
Abnormally volatile
Very risky
Market Performance
(90 Days Performance)
Weakest
Weakest
Soft
Solid
Weakest
Weakest
Weakest
Weakest
Weakest
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Small
Small
Low
Fair
Risky
Low
Low
Low
Small
High
Current Valuation
(Equity Enterprise Value)
Under Valued
Under Valued
Under Valued
Over Valued
Under Valued
Under Valued
Under Valued
Under Valued
Under Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Buy
Strong Buy
Strong Sell
Buy
Strong Sell
Strong Buy
Buy
Buy
Strong Sell
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Hold
Cautious Hold
Cautious Hold
Strong Sell
Hold
Strong Sell
Hold
Current Ratio
5.52
7.02
1.12
2.84
8.61
12.76
N/A
2.74
N/A
0.05
Net Asset
213.72 M
322.95 M
62.93 M
79.19 M
364.17 M
15.12 M
13.71 M
173.68 M
549.21 M
61.69 M
Profit Margin
-0.03
-0.15
-1.33
-0.86
-0.84
N/A
N/A
-0.11
-0.0753
N/A
EBITDA
15.52 M
38.29 M
(14.36 M)
(11.18 M)
(92.78 M)
(13.11 M)
(56.24 M)
5.99 M
24.83 M
(100.69 M)
Operating Margin
-0.0082
-0.11
-1.54
-0.16
-0.59
-1.85
-2.43
-0.0644
-0.0164
-2.22
Current Valuation
84.11 M
(34.49 M)
118.65 M
491.97 M
(24.58 M)
95.04 M
88.51 M
72.4 M
571.29 M
541.31 M
Price To Book
0.65
0.26
0.9
6.22
0.46
6.73
N/A
0.94
0.12
5.35
Retained Earnings
57.05 M
(31.32 M)
(83.81 M)
(89.01 M)
(1.02 B)
(105.08 M)
(74.94 M)
(150.83 M)
(169.49 M)
(400.11 M)
Current Asset
12 K
N/A
436.42 K
N/A
N/A
74 K
N/A
N/A
N/A
N/A
Beta
1.95
0.93
1.93
2.97
2.98
1.47
0.34
1.7
1.31
1.36
Number Of Employees
1.2 K
556
52
42
323
19
56
115
1.8 K
137
Shares Outstanding
141.24 M
109.65 M
45.68 M
122.16 M
11.68 M
53.25 M
34.18 M
80.84 M
95.47 M
124.88 M
Cash Flow From Operations
23.92 M
45.74 M
(17.34 M)
1.96 M
(7.19 M)
(8.12 M)
(6.5 M)
23.88 M
68.56 M
(35.89 M)
Total Debt
39.35 M
10.06 M
1.85 M
26 K
136.54 M
2.2 M
943.7 K
6.47 M
15.82 M
79.95 M
Return On Equity
-0.0501
-0.15
-0.29
-0.19
-0.47
-1.36
N/A
-0.12
-0.24
-1.31
Return On Asset
-0.0086
-0.0266
-0.23
-0.0398
-0.14
-0.42
-0.59
-0.0469
5.0E-4
-0.32
Number Of Shares Shorted
1.23 M
1.95 M
8.63 M
1.11 M
1.44 M
6.35 M
4.15 M
2.71 M
5.22 M
12.23 M
Book Value Per Share
0.88
1.9
3.47
0.63
8.31
0.27
-1.25
1.46
5.44
-0.53
Current Liabilities
3.99 M
N/A
548.49 K
N/A
N/A
43 K
N/A
N/A
N/A
N/A
Total Asset
213.72 M
322.95 M
62.93 M
79.19 M
364.17 M
15.12 M
13.71 M
173.68 M
549.21 M
61.69 M
Debt To Equity
0.006
N/A
1.9
0.002
0.59
0.01
N/A
0.74
N/A
N/A
Short Ratio
5.58
9.13
3.42
1.49
19.55
16.47
4.75
4.83
9.27
2.28
Target Price
2.83
1.75
10.0
N/A
6.0
2.5
8.0
2.83
1.0
5.0
Shares Owned By Institutions
3.35
35.74
19.58
0.08
42.52
10.04
24.45
39.43
30.7
39.65
Market Capitalization
80.55 M
63.18 M
145.73 M
515.1 M
57.55 M
98.51 M
92.96 M
128.39 M
60.59 M
617.73 M
Price To Earning
95.77
N/A
-77.54
N/A
N/A
-6.0
N/A
71.69
N/A
N/A
Price To Earnings To Growth
N/A
7.0
N/A
N/A
N/A
N/A
N/A
-0.97
N/A
N/A
Price To Sales
0.45
0.26
8.74
34.15
0.62
23.84
7.72
0.89
0.0512
32.3
Net Income
(1.41 M)
(28.69 M)
(17.52 M)
(13.41 M)
(48.23 M)
(5.88 M)
(57.46 M)
(10.05 M)
(711 K)
(116.27 M)
Earnings Per Share
-0.04
-0.29
-0.59
-0.13
-4.75
-0.33
-1.88
-0.17
-1.01
-1.13
Shares Owned By Insiders
84.58
19.57
6.7
50.25
20.68
30.5
34.16
25.09
55.4
15.6
Revenue
151.12 M
289.43 M
10.74 M
10.07 M
95.47 M
4.51 M
23.05 M
139.24 M
889.88 M
12.87 M
Working Capital
(18.48 M)
97.68 M
29.5 M
13.64 M
237.25 M
(2.73 M)
7 M
98.87 M
53.66 M
(6.76 M)
Cash And Equivalents
15.87 M
220.64 M
16.17 M
3.48 M
470.47 M
28.5 M
N/A
105.54 M
N/A
8.53 M
Cash Per Share
0.56
1.71
0.14
0.03
1.12
0.69
N/A
1.29
N/A
0.09
Gross Profit
101.75 M
185.64 M
1.86 M
(1.1 M)
79.48 M
2.38 M
5.61 M
73.07 M
364.72 M
9.85 M
Day Typical Price
0.64
0.51
2.95
4.03
3.76
1.81
2.65
1.39
0.69
3.4
Accumulation Distribution
9279.52
6449.35
186955.0
158759.0
960.27
20287.76
41180.24
24377.91
324305.0
350384.0
Daily Balance Of Power
1.75
0.5
(1.06)
(0.20)
(0.27)
0.5385
(0.57)
0.4
0.6667
(0.61)
Period Momentum Indicator
0.07
0.01
(0.34)
(0.11)
(0.04)
0.07
(0.12)
0.02
0.08
(0.17)
Rate Of Daily Change
1.12
1.02
0.89
0.97
0.99
1.04
0.96
1.01
1.13
0.95
Day Median Price
0.64
0.51
3.0
4.07
3.78
1.8
2.68
1.39
0.68
3.44
Price Action Indicator
0.035
0.005
(0.32)
(0.17)
(0.07)
0.09
(0.13)
0.025
0.07
(0.21)
Coefficient Of Variation
(963.62)
(670.24)
23086.92
340.25
(607.39)
(3,860)
(1,121)
(1,926)
(1,715)
657.59
Mean Deviation
4.05
3.49
5.7
5.33
2.62
5.24
4.49
2.33
6.29
6.86
Jensen Alpha
(0.60)
(0.82)
(0.30)
1.92
(0.92)
(0.35)
(0.78)
(0.25)
(0.89)
1.16
Total Risk Alpha
(1.10)
(1.14)
(0.73)
1.34
(1.18)
(0.95)
(1.18)
(0.51)
(1.59)
0.4228
Sortino Ratio
N/A
N/A
(0.01)
0.3516
N/A
N/A
N/A
N/A
N/A
0.1809
Downside Variance
N/A
N/A
38.9
31.75
N/A
N/A
N/A
N/A
N/A
48.13
Standard Deviation
5.24
4.49
7.25
7.06
4.35
7.25
6.1
3.24
9.81
8.86
Kurtosis
0.3323
0.4472
(0.19)
1.63
16.95
6.39
2.01
2.69
8.47
0.6416
Potential Upside
7.94
5.26
13.83
13.53
4.16
12.65
10.98
4.83
12.7
19.93
Treynor Ratio
(0.96)
(0.41)
0.0056
1.2
(0.31)
(0.11)
(0.20)
(0.19)
(0.15)
0.6356
Maximum Drawdown
24.09
22.45
30.96
41.09
28.19
43.99
32.14
12.92
46.26
47.02
Variance
27.5
20.13
52.5
49.79
18.96
52.63
37.16
10.52
96.22
78.5
Market Risk Adjusted Performance
(0.95)
(0.40)
0.0156
1.21
(0.30)
(0.1)
(0.19)
(0.18)
(0.14)
0.6456
Risk Adjusted Performance
(0.07)
(0.11)
0.0124
0.2442
(0.12)
(0.01)
(0.06)
(0.03)
(0.04)
0.1308
Skewness
0.2804
(0.48)
0.5436
0.6272
2.91
1.75
1.16
(0.42)
(0.53)
0.6056
Semi Deviation
N/A
N/A
5.99
4.64
N/A
N/A
N/A
N/A
N/A
6.44
Information Ratio
(0.12)
(0.17)
(0.01)
0.2808
(0.19)
(0.04)
(0.10)
(0.08)
(0.07)
0.1416
Value At Risk
(8.75)
(10.59)
(9.33)
(8.68)
(6.64)
(9.29)
(8.70)
(4.17)
(9.76)
(10.05)
Expected Short fall
N/A
N/A
(7.26)
(6.85)
N/A
N/A
N/A
N/A
N/A
(8.39)
Downside Deviation
N/A
N/A
6.24
5.63
N/A
N/A
N/A
N/A
N/A
6.94
Semi Variance
N/A
N/A
35.87
21.49
N/A
N/A
N/A
N/A
N/A
41.49

Golden Matrix Competition Performance Charts

Five steps to successful analysis of Golden Matrix Competition

Golden Matrix's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Golden Matrix Group in relation to its competition. Golden Matrix's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Golden Matrix in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Golden Matrix's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Golden Matrix Group, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Golden Matrix position

In addition to having Golden Matrix in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Online Gaming
Online Gaming Theme
Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 48 constituents at this time.
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When determining whether Golden Matrix Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Golden Matrix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Golden Matrix Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Golden Matrix Group Stock:
How To Invest In Golden
Details
Is Golden Stock a good investment?
Details
What is Golden Matrix's Net Worth?
Details
Largest Movies & Entertainment Companies
View
Largest Electronic Gaming & Multimedia Companies
View
Check out Golden Matrix Correlation with its peers.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is there potential for Movies & Entertainment market expansion? Will Golden introduce new products? Factors like these will boost the valuation of Golden Matrix. Market participants price Golden higher when confident in its future expansion prospects. Understanding fair value requires weighing current performance against future potential. All the valuation information about Golden Matrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Investors evaluate Golden Matrix Group using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Golden Matrix's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause Golden Matrix's market price to deviate significantly from intrinsic value.
Altman
Z Score
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Golden Matrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Matrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Golden Matrix's market price signifies the transaction level at which participants voluntarily complete trades.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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