Golden Matrix Group Stock Market Value
| GMGI Stock | USD 2.70 0.07 2.53% |
| Symbol | Golden |
Golden Matrix Group Price To Book Ratio
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.
Golden Matrix 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Golden Matrix's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Golden Matrix.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Golden Matrix on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Matrix Group or generate 0.0% return on investment in Golden Matrix over 60 days. Golden Matrix is related to or competes with Arqit Quantum. Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting opera... More
Golden Matrix Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Golden Matrix's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Golden Matrix Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.0347 | |||
| Maximum Drawdown | 20.99 | |||
| Value At Risk | (6.59) | |||
| Potential Upside | 9.16 |
Golden Matrix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Matrix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Matrix's standard deviation. In reality, there are many statistical measures that can use Golden Matrix historical prices to predict the future Golden Matrix's volatility.| Risk Adjusted Performance | 0.0557 | |||
| Jensen Alpha | 0.0435 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0406 | |||
| Treynor Ratio | 0.1421 |
Golden Matrix Group Backtested Returns
Golden Matrix appears to be very risky, given 3 months investment horizon. Golden Matrix Group holds Efficiency (Sharpe) Ratio of 0.06, which attests that the entity had a 0.06% return per unit of risk over the last 3 months. We have found thirty technical indicators for Golden Matrix Group, which you can use to evaluate the volatility of the firm. Please utilize Golden Matrix's Downside Deviation of 4.15, risk adjusted performance of 0.0557, and Market Risk Adjusted Performance of 0.1521 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golden Matrix holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 2.04, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Golden Matrix will likely underperform. Please check Golden Matrix's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Golden Matrix's current trending patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Golden Matrix Group has poor reverse predictability. Overlapping area represents the amount of predictability between Golden Matrix time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Golden Matrix Group price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Golden Matrix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Golden Matrix Group lagged returns against current returns
Autocorrelation, which is Golden Matrix stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Golden Matrix's stock expected returns. We can calculate the autocorrelation of Golden Matrix returns to help us make a trade decision. For example, suppose you find that Golden Matrix has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Golden Matrix regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Golden Matrix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Matrix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Matrix stock over time.
Current vs Lagged Prices |
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Golden Matrix Lagged Returns
When evaluating Golden Matrix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Matrix stock have on its future price. Golden Matrix autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Golden Matrix autocorrelation shows the relationship between Golden Matrix stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Matrix Group.
Regressed Prices |
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Currently Active Assets on Macroaxis
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:Check out Golden Matrix Correlation, Golden Matrix Volatility and Golden Matrix Alpha and Beta module to complement your research on Golden Matrix. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Golden Matrix technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.