Golden Matrix Stock Forecast - Period Momentum Indicator
| GMGI Stock | USD 5.91 0.00 0.00% |
Golden Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Golden Matrix stock prices and determine the direction of Golden Matrix Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Golden Matrix's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Golden Matrix's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Golden Matrix's systematic risk associated with finding meaningful patterns of Golden Matrix fundamentals over time.
Check out Historical Fundamental Analysis of Golden Matrix to cross-verify your projections. Golden |
Open Interest Against 2024-06-21 Golden Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Golden Matrix's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Golden Matrix's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Golden Matrix stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Golden Matrix's open interest, investors have to compare it to Golden Matrix's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Golden Matrix is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Golden. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Golden Matrix cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Golden Matrix's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Golden Matrix's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check Golden Matrix Volatility | Backtest Golden Matrix | Information Ratio |
Golden Matrix Trading Date Momentum
| On May 28 2024 Golden Matrix Group was traded for 5.91 at the closing time. The top price for the day was 5.91 and the lowest listed price was 5.12 . There was no trading activity during the period 0.0. Lack of trading volume on May 28, 2024 did not cause price change. The overall trading delta against the current closing price is 0.00% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Golden Matrix
For every potential investor in Golden, whether a beginner or expert, Golden Matrix's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Golden Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Golden. Basic forecasting techniques help filter out the noise by identifying Golden Matrix's price trends.Golden Matrix Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Golden Matrix stock to make a market-neutral strategy. 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 with similar companies.
| Risk & Return | Correlation |
Golden Matrix Group Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Golden Matrix's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Golden Matrix's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Golden Matrix Market Strength Events
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.
| Accumulation Distribution | 0.13 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.52 | |||
| Day Typical Price | 5.65 | |||
| Market Facilitation Index | 0.79 | |||
| Price Action Indicator | 0.4 | |||
| Relative Strength Index | 67.42 |
Golden Matrix Risk Indicators
The analysis of Golden Matrix's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Golden Matrix's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting golden stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.68 | |||
| Semi Deviation | 4.48 | |||
| Standard Deviation | 6.25 | |||
| Variance | 39.01 | |||
| Downside Variance | 28.22 | |||
| Semi Variance | 20.06 | |||
| Expected Short fall | (5.62) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Historical Fundamental Analysis of Golden Matrix to cross-verify your projections. 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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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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.