Golden Matrix Group Stock Performance
| GMGI Stock | USD 4.20 0.66 13.58% |
On a scale of 0 to 100, Golden Matrix holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Golden Matrix are expected to decrease at a much lower rate. During the bear market, Golden Matrix is likely to outperform the market. 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.
Risk-Adjusted Performance
7 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Golden Matrix Group are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite fairly fragile technical and fundamental indicators, Golden Matrix demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 15.71 | Five Day Return 27.23 | Year To Date Return 101.66 | Ten Year Return (100.00) | All Time Return (100.00) |
Last Split Factor 1:150 | Dividend Date 2020-06-26 | Last Split Date 2020-06-26 |
1 | Golden Matrix Reports First Quarter Financial Results With Record Revenues of 11.84 Million | 03/14/2024 |
2 | Golden Matrix Group First Quarter 2024 Earnings EPS US0.002 | 03/15/2024 |
3 | Golden Matrix Stockholders Approve Acquisition of MeridianBet Group | 03/20/2024 |
4 | Unrivaled NCAA March Madness Betting Offer Meridianbet Tops the Charts with 200 Betting Options per Game | 03/25/2024 |
5 | Meridianbets Live Betting Celebrating 23 Years at the Heart of Betting Innovation | 04/05/2024 |
6 | The GMGI Acquisition of Meridianbet Receives High Praise from IPO Edge | 04/11/2024 |
7 | Golden Matrix Group, Inc. Rings the Nasdaq Stock Market Opening Bell - Nasdaq | 04/19/2024 |
8 | Bet on Global Gaming Join Fireside with CEO of Golden Matrix Group May 8 at 930AM ET | 04/29/2024 |
9 | Dont Ignore The Insider Selling In Golden Matrix Group | 05/02/2024 |
10 | Meridianbet to Offer Extensive Betting Options for the Kentucky Derby 2024 | 05/03/2024 |
| Begin Period Cash Flow | 16.8 M |
Golden |
Golden Matrix Relative Risk vs. Return Landscape
If you would invest 330.00 in Golden Matrix Group on February 7, 2024 and sell it today you would earn a total of 101.27 from holding Golden Matrix Group or generate 30.69% return on investment over 90 days. Golden Matrix Group is currently generating 0.6239% in daily expected returns and assumes 6.3136% risk (volatility on return distribution) over the 90 days horizon. In different words, 55% of stocks are less volatile than Golden, and 88% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Golden Matrix Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Matrix's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Golden Matrix Group, and traders can use it to determine the average amount a Golden Matrix's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0988
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.31 actual daily | 55 55% of assets are less volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Golden Matrix is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Golden Matrix by adding it to a well-diversified portfolio.
Golden Matrix Fundamentals Growth
Golden Stock prices reflect investors' perceptions of the future prospects and financial health of Golden Matrix, and Golden Matrix fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Golden Stock performance.
| Return On Equity | -0.0209 | ||||
| Return On Asset | 0.0014 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 161 M | ||||
| Shares Outstanding | 118.88 M | ||||
| Price To Earning | 95.77 X | ||||
| Price To Book | 13.98 X | ||||
| Price To Sales | 9.93 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 | ||||
| Earnings Per Share | (0.02) X | ||||
| Market Capitalization | 577.78 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 | ||||
About Golden Matrix Performance
To evaluate Golden Matrix Group Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Golden Matrix generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Golden Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Golden Matrix Group market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Golden's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 14.03 | 12.47 | |
| Return On Tangible Assets | 0 | 0 | |
| Return On Capital Employed | 0.01 | 0.01 | |
| Return On Assets | 0 | 0 | |
| Return On Equity | 0 | 0 |
Things to note about Golden Matrix Group performance evaluation
Checking the ongoing alerts about Golden Matrix for important developments is a great way to find new opportunities for your next move. 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 is way too risky over 90 days horizon | |
| Golden Matrix Group appears to be risky and price may revert if volatility continues | |
| About 85.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Meridianbet to Offer Extensive Betting Options for the Kentucky Derby 2024 |
- Analyzing Golden Matrix's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Golden Matrix's stock is overvalued or undervalued compared to its peers.
- Examining Golden Matrix's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Golden Matrix's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Golden Matrix's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Golden Matrix's stock. These opinions can provide insight into Golden Matrix's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Matrix Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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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.