Golden Matrix Group Stock Beta
| GMGI Stock | USD 2.35 0.02 0.84% |
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 | 1.95 |
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.
Click cells to compare fundamentals
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 1.946. This is 52.03% 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 its peers.
Golden Matrix Current Valuation Drivers
We derive many important indicators used in calculating different scores of Golden Matrix from analyzing Golden Matrix's financial statements. These drivers represent accounts that assess Golden Matrix's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Golden Matrix's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.2M | 16.9M | 70.1M | 90.0M | 81.0M | 85.0M | |
| Enterprise Value | 1.3M | 16.5M | 55.3M | 72.9M | 65.6M | 68.9M |
Golden Matrix ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Golden Matrix's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Golden Matrix's managers, analysts, and investors.Environmental | Governance | Social |
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 | Marshall Wace Asset Management Ltd | 2024-06-30 | 36.8 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 36.7 K | Nuveen Asset Management, Llc | 2024-06-30 | 26.5 K | Cambridge Invest Research Advisors, Inc. | 2024-09-30 | 24.4 K | Jane Street Group Llc | 2024-06-30 | 18.7 K | Rhumbline Advisers | 2024-06-30 | 17.2 K | Virtu Financial Llc | 2024-06-30 | 15 K | Citigroup Inc | 2024-09-30 | 14.6 K | Steward Partners Investment Advisory, Llc | 2024-06-30 | 14 K | Blackrock Inc | 2024-06-30 | 1.1 M | Geode Capital Management, Llc | 2024-09-30 | 545.1 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 | 0.17 % | ||||
| Operating Margin | 0 % | ||||
| Current Valuation | 303.93 M | ||||
| Shares Outstanding | 128.9 M | ||||
| Shares Owned By Insiders | 85.17 % | ||||
| Shares Owned By Institutions | 2.46 % | ||||
| Number Of Shares Shorted | 949.39 K | ||||
| Price To Earning | 95.77 X | ||||
| Price To Book | 3.21 X | ||||
| Price To Sales | 3.46 X | ||||
| Revenue | 44.17 M | ||||
| Gross Profit | 9.16 M | ||||
| EBITDA | 4.27 K | ||||
| Net Income | (1.17 M) | ||||
| Cash And Equivalents | 15.87 M | ||||
| Cash Per Share | 0.56 X | ||||
| Total Debt | 59.09 K | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 5.52 X | ||||
| Book Value Per Share | 1.51 X | ||||
| Cash Flow From Operations | 2.21 M | ||||
| Short Ratio | 15.81 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Target Price | 4.0 | ||||
| Number Of Employees | 1.2 K | ||||
| Beta | 1.95 | ||||
| Market Capitalization | 302.92 M | ||||
| Total Asset | 35.58 M | ||||
| Retained Earnings | (25.85 M) | ||||
| Working Capital | 18.37 M | ||||
| Current Asset | 12 K | ||||
| Current Liabilities | 3.99 M | ||||
| Net Asset | 35.58 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.
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 Piotroski F Score and Golden Matrix Altman Z Score analysis. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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.