Golden Matrix Group Stock Beta
| GMGI Stock | USD 3.93 0.53 15.59% |
Golden Matrix Group fundamentals help investors to digest information that contributes to Golden Matrix's financial success or failures. It also enables traders to predict the movement of Golden Stock. The fundamental analysis module provides a way to measure Golden Matrix's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Golden Matrix stock.
Golden | Beta |
Golden Matrix Group Company Beta Analysis
Golden Matrix's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Golden Matrix Beta | 2.32 |
Most of Golden Matrix's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Golden Matrix Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Golden Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Golden Matrix is extremely important. It helps to project a fair market value of Golden Stock properly, considering its historical fundamentals such as Beta. Since Golden Matrix's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Golden Matrix's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Golden Matrix's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Golden Matrix Group has a Beta of 2.323. This is 81.48% higher than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.
Golden Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Golden Matrix's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Golden Matrix could also be used in its relative valuation, which is a method of valuing Golden Matrix by comparing valuation metrics of similar companies.Golden Matrix is currently under evaluation in beta category among related companies.
Golden Matrix Institutional Holders
Institutional Holdings refers to the ownership stake in Golden Matrix that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Golden Matrix's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Golden Matrix's value.| Shares | Ground Swell Capital, Llc | 2023-12-31 | 11.7 K | Tower Research Capital Llc | 2023-12-31 | 4 K | Advisor Group Holdings, Inc. | 2023-12-31 | 3.1 K | Steward Partners Investment Advisory, Llc | 2023-12-31 | 3 K | Simplex Trading, Llc | 2023-12-31 | 1.6 K | Ma Greenwood & Associates Inc | 2023-12-31 | 600 | Ubs Group Ag | 2023-12-31 | 502 | Jpmorgan Chase & Co | 2023-12-31 | 377 | Royal Bank Of Canada | 2023-12-31 | 228 | Vanguard Group Inc | 2023-12-31 | 337.3 K | Blackrock Inc | 2023-12-31 | 228.3 K |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Golden Matrix will likely underperform.
Golden Fundamentals
| Return On Equity | -0.0209 | ||||
| Return On Asset | 0.0014 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 98.75 M | ||||
| Shares Outstanding | 118.88 M | ||||
| Shares Owned By Insiders | 85.46 % | ||||
| Shares Owned By Institutions | 0.85 % | ||||
| Number Of Shares Shorted | 53.8 K | ||||
| Price To Earning | 95.77 X | ||||
| Price To Book | 2.92 X | ||||
| Price To Sales | 2.07 X | ||||
| Revenue | 36.03 M | ||||
| Gross Profit | 9.16 M | ||||
| EBITDA | 609.12 K | ||||
| Net Income | 44.03 K | ||||
| Cash And Equivalents | 15.87 M | ||||
| Cash Per Share | 0.56 X | ||||
| Total Debt | 154.86 K | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 5.52 X | ||||
| Book Value Per Share | 0.88 X | ||||
| Cash Flow From Operations | 2.77 M | ||||
| Short Ratio | 1.47 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Target Price | 4.0 | ||||
| Number Of Employees | 30 | ||||
| Beta | 2.32 | ||||
| Market Capitalization | 404.21 M | ||||
| Total Asset | 32.57 M | ||||
| Retained Earnings | (24.67 M) | ||||
| Working Capital | 18.37 M | ||||
| Current Asset | 12 K | ||||
| Current Liabilities | 3.99 M | ||||
| Net Asset | 32.57 M |
About Golden Matrix Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Golden Matrix Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Golden Matrix using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Golden Matrix Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Golden Matrix Piotroski F Score and Golden Matrix Altman Z Score analysis. Note that the Golden Matrix Group information on this page should be used as a complementary analysis to other Golden Matrix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Golden Stock analysis
When running Golden Matrix's price analysis, check to measure Golden Matrix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Golden Matrix is operating at the current time. Most of Golden Matrix's value examination focuses on studying past and present price action to predict the probability of Golden Matrix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Matrix's price. Additionally, you may evaluate how the addition of Golden Matrix to your portfolios can decrease your overall portfolio volatility.
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Is Golden Matrix's industry 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 | Earnings Share (0.02) | Revenue Per Share 1.251 | Quarterly Revenue Growth 0.099 | 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.