Golden Matrix Group Stock Price on March 20, 2024

GMGI Stock  USD 1.92  0.07  3.52%   
Below is the normalized historical share price chart for Golden Matrix Group extending back to October 30, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Golden Matrix stands at 1.92, as last reported on the 19th of December, with the highest price reaching 2.04 and the lowest price hitting 1.89 during the day.
IPO Date
30th of October 2009
200 Day MA
2.8979
50 Day MA
2.3901
Beta
1.946
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Golden Stock, it is important to understand the factors that can impact its price. Golden Matrix Group holds Efficiency (Sharpe) Ratio of -0.0624, which attests that the entity had a -0.0624% return per unit of risk over the last 3 months. Golden Matrix Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Golden Matrix's Risk Adjusted Performance of (0.02), standard deviation of 4.85, and Market Risk Adjusted Performance of (0.08) to validate the risk estimate we provide.
  
As of now, Golden Matrix's Other Stockholder Equity is increasing as compared to previous years. . As of now, Golden Matrix's Price To Free Cash Flows Ratio is increasing as compared to previous years. The Golden Matrix's current Price Cash Flow Ratio is estimated to increase to 38.53, while Price Earnings Ratio is projected to decrease to (72.50). Golden Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0624

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Estimated Market Risk

 4.66
  actual daily
41
59% of assets are more volatile

Expected Return

 -0.29
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Golden Matrix is not performing at its full potential. However, 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 Golden Matrix to a well-diversified portfolio.
Price Book
2.7216
Enterprise Value Ebitda
400.3429
Price Sales
2.9295
Shares Float
18.6 M
Wall Street Target Price
4

Golden Matrix Valuation on March 20, 2024

It is possible to determine the worth of Golden Matrix on a given historical date. On March 20, 2024 Golden was worth 3.53 at the beginning of the trading date compared to the closed value of 3.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Golden Matrix stock. Still, in general, we apply an absolute valuation method to find Golden Matrix's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Golden Matrix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Golden Matrix's related companies.
 Open High Low Close Volume
  3.27    3.46    3.23    3.40    39,800  
03/20/2024
  3.53    3.59    2.99    3.02    94,500  
  3.08    3.08    2.90    3.00    33,700  
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Open Value
3.53
3.02
Closing Value
17.50
Upside

Golden Matrix Trading Date Momentum on March 20, 2024

On March 21 2024 Golden Matrix Group was traded for  3.00  at the closing time. The top price for the day was 3.08  and the lowest listed price was  2.90 . The trading volume for the day was 33.7 K. The trading history from March 21, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.66% . The overall trading delta against the current closing price is 1.99% .

Golden Matrix Group Fundamentals Correlations and Trends

By evaluating Golden Matrix's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Golden Matrix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Golden financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Golden Matrix Stock history

Golden Matrix investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Golden is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Golden Matrix Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Golden Matrix stock prices may prove useful in developing a viable investing in Golden Matrix
Last ReportedProjected for Next Year
Common Stock Shares Outstanding40.7 M42.8 M
Net Loss-287.5 K-301.9 K

Golden Matrix Stock Technical Analysis

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.
A focus of Golden Matrix technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Golden Matrix trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Golden Matrix Period Price Range

Low
December 19, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Golden Matrix Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Golden Matrix December 19, 2024 Market Strength

Market strength indicators help investors to evaluate how Golden Matrix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Golden Matrix shares will generate the highest return on investment. By undertsting and applying Golden Matrix stock market strength indicators, traders can identify Golden Matrix Group entry and exit signals to maximize returns

Golden Matrix Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Golden Matrix's price direction in advance. Along with the technical and fundamental analysis of Golden Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Golden to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

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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