Golden Competitors
| GMGI Stock | USD 2.04 0.09 4.23% |
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Golden |
Golden Matrix Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Golden Matrix and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Golden and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Golden Matrix Group does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Golden Stock performing well and Golden Matrix Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Golden Matrix's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GDEV | 4.38 | 0.05 | 0.00 | 0.07 | 0.00 | 9.30 | 51.31 | |||
| LIDRW | 12.82 | 1.69 | 0.09 | 3.87 | 12.68 | 36.36 | 98.10 | |||
| ARQQW | 17.12 | 6.90 | 0.00 | (1.83) | 0.00 | 0.00 | 345.49 | |||
| XOSWW | 10.48 | (1.01) | 0.00 | 0.53 | 0.00 | 24.32 | 87.23 |
Cross Equities Net Income Analysis
Compare Golden Matrix Group and related stocks such as GDEV Inc, AEye Inc, and Arqit Quantum Warrants Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GDEV | (35.5 M) | (35.5 M) | (35.5 M) | (35.5 M) | (35.5 M) | (35.5 M) | (35.5 M) | (35.5 M) | (35.5 M) | (35.5 M) | (751 K) | (117.4 M) | 7.3 M | 46.1 M | 48.4 M |
| LIDRW | (548) | (548) | (548) | (548) | (548) | (548) | (548) | (548) | (548) | (548) | (28 M) | (69.9 M) | (98.7 M) | (87.1 M) | (91.5 M) |
| ARQQW | 1 M | 1 M | 1 M | 1 M | 1 M | 1 M | 1 M | 1 M | 1 M | (568 K) | (272.8 M) | 182.2 M | (70.4 M) | (54.6 M) | (57.3 M) |
| XOSWW | (4.9 M) | (4.9 M) | (4.9 M) | (4.9 M) | (4.9 M) | (4.9 M) | (4.9 M) | (4.9 M) | (4.9 M) | (4.9 M) | (18.2 M) | 23.4 M | (73.3 M) | (75.8 M) | (72.1 M) |
Golden Matrix Group and related stocks such as GDEV Inc, AEye Inc, and Arqit Quantum Warrants Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Golden Matrix Group financial statement analysis. It represents the amount of money remaining after all of Golden Matrix Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Golden Matrix Competitive Analysis
The better you understand Golden Matrix competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Golden Matrix's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Golden Matrix's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Golden Matrix Competition Performance Charts
Five steps to successful analysis of Golden Matrix Competition
Golden Matrix's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Golden Matrix Group in relation to its competition. Golden Matrix's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Golden Matrix in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Golden Matrix's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Golden Matrix Group, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Golden Matrix position
In addition to having Golden Matrix in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Manufacturing Thematic Idea Now
Manufacturing
Companies that provide goods across residential, commercial and industrial construction such as machinery, tools, or lumber production. The Manufacturing theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Manufacturing Theme or any other thematic opportunities.
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Check out Golden Matrix Correlation with its peers. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.