Golden Matrix Group Stock Price on August 28, 2024
| GMGI Stock | USD 2.00 0.06 2.91% |
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 2.00, as last reported on the 18th of December 2024, with the highest price reaching 2.08 and the lowest price hitting 1.98 during the day.
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 -0.0677, which attests that the entity had a -0.0677% return per unit of risk over the last 3 months. Golden Matrix Group exposes twenty-three 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 4.89, and Market Risk Adjusted Performance of (0.89) to validate the risk estimate we provide.
Golden Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 30th of October 2009 | 200 Day MA 2.9014 | 50 Day MA 2.3967 | Beta 1.946 |
Golden |
Sharpe Ratio = -0.0677
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GMGI |
Estimated Market Risk
| 4.69 actual daily | 41 59% of assets are more volatile |
Expected Return
| -0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 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 2.7352 | Enterprise Value Ebitda 402.3468 | Price Sales 2.9442 | Shares Float 18.6 M | Wall Street Target Price 4 |
Golden Matrix Valuation on August 28, 2024
It is possible to determine the worth of Golden Matrix on a given historical date. On August 28, 2024 Golden was worth 2.3 at the beginning of the trading date compared to the closed value of 2.45. 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 | |
| 2.40 | 2.45 | 2.31 | 2.31 | 29,487 | |
08/28/2024 | 2.30 | 2.47 | 2.30 | 2.45 | 115,103 |
| 2.43 | 2.65 | 2.43 | 2.63 | 75,016 |
| Backtest Golden Matrix | | | Golden Matrix History | | | Golden Matrix Valuation | Previous | Next |
Golden Matrix Trading Date Momentum on August 28, 2024
| On August 29 2024 Golden Matrix Group was traded for 2.63 at the closing time. The top price for the day was 2.65 and the lowest listed price was 2.43 . The trading volume for the day was 75 K. The trading history from August 29, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 7.35% . The overall trading delta against the current closing price is 0.41% . |
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
Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada. Golden Matrix operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. It employs 17 people.
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.
Price Boundaries
Golden Matrix Period Price Range
Low | December 18, 2024
| 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 18, 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.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.90) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Stocks Directory Find actively traded stocks across global markets | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |