Golden Matrix Group Stock Probability of Future Stock Price Finishing Over 2.43
| GMGI Stock | USD 2.35 0.02 0.84% |
Golden |
Golden Matrix Target Price Odds to finish over 2.43
The tendency of Golden Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 2.43 or more in 90 days |
| 2.35 | 90 days | 2.43 | about 50.0 |
Based on a normal probability distribution, the odds of Golden Matrix to move over $ 2.43 or more in 90 days from now is about 50.0 (This Golden Matrix Group probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) . Probability of Golden Matrix Group price to stay between its current price of $ 2.35 and $ 2.43 at the end of the 90-day period is about 16.31 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.46 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Golden Matrix will likely underperform. Additionally Golden Matrix Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Golden Matrix Price Density |
| Price |
Predictive Modules for Golden Matrix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Golden Matrix Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Golden Matrix Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Golden Matrix is not an exception. The market had few large corrections towards the Golden Matrix's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Golden Matrix Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Golden Matrix within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 1.46 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | 0.01 |
Golden Matrix Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Golden Matrix for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Golden Matrix Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Golden Matrix Group generated a negative expected return over the last 90 days | |
| Golden Matrix Group has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 44.17 M. Net Loss for the year was (1.17 M) with profit before overhead, payroll, taxes, and interest of 9.16 M. | |
| Golden Matrix Group has a frail financial position based on the latest SEC disclosures | |
| About 85.0% of the company shares are held by company insiders | |
| Latest headline from investing.com: Golden Matrix enters 20M equity distribution deal |
Golden Matrix Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Golden Stock often depends not only on the future outlook of the current and potential Golden Matrix's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Golden Matrix's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.4 M | |
| Cash And Short Term Investments | 17.1 M |
Golden Matrix Technical Analysis
Golden Matrix's future price can be derived by breaking down and analyzing its technical indicators over time. Golden Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Golden Matrix Group. In general, you should focus on analyzing Golden Stock price patterns and their correlations with different microeconomic environments and drivers.
Golden Matrix Predictive Forecast Models
Golden Matrix's time-series forecasting models is one of many Golden Matrix's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Golden Matrix's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Golden Matrix Group
Checking the ongoing alerts about Golden Matrix for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Golden Matrix Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Golden Matrix Group generated a negative expected return over the last 90 days | |
| Golden Matrix Group has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 44.17 M. Net Loss for the year was (1.17 M) with profit before overhead, payroll, taxes, and interest of 9.16 M. | |
| Golden Matrix Group has a frail financial position based on the latest SEC disclosures | |
| About 85.0% of the company shares are held by company insiders | |
| Latest headline from investing.com: Golden Matrix enters 20M equity distribution deal |
Check out Golden Matrix Backtesting, Golden Matrix Valuation, Golden Matrix Correlation, Golden Matrix Hype Analysis, Golden Matrix Volatility, Golden Matrix History as well as Golden Matrix Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Matrix. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. 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.
Quarterly Earnings Growth (1.00) | Earnings Share (0.02) | Revenue Per Share 2.391 | Quarterly Revenue Growth 0.748 | Return On Assets 0.0014 |
The market value of Golden Matrix Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Matrix's value that differs from its market value or its book value, called intrinsic value, which is Golden Matrix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Matrix's market value can be influenced by many factors that don't directly affect Golden Matrix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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. However, Golden Matrix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.