Golden Matrix Correlations

GMGI Stock

USD 0.92 0.05 5.15%

The current 90-days correlation between Golden Matrix Group and Playstudios is 0.13 (i.e., Average diversification). The correlation of Golden Matrix is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Golden Matrix Correlation With Market

Significant diversification

The correlation between Golden Matrix Group and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Matrix Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Golden Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Matrix Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Golden Stock

0.66	SJ	Scienjoy Holding Corp	Pair Corr
0.71	BATRA	Atlanta Braves Holdings,	Pair Corr
0.8	BATRK	Atlanta Braves Holdings,	Pair Corr
0.61	LVO	LiveOne	Pair Corr
0.71	GAME	GameSquare Holdings	Pair Corr
0.68	EVT	EVT	Pair Corr

Moving against Golden Stock

0.67	SPRX	Sparx Technology	Pair Corr
0.64	600715	Cultural Investment	Pair Corr
0.61	DLPN	Dolphin Entertainment	Pair Corr
0.55	ANGHW	Anghami Warrants	Pair Corr
0.54	CREATIVEYE	Creative Eye Limited	Pair Corr
0.53	603721	TVZone Media	Pair Corr
0.5	CNK	Cinemark Holdings	Pair Corr
0.5	GDC	GD Culture Group	Pair Corr
0.47	GDEVW	Nexters Warrant	Pair Corr
0.81	300770	Guangdong South New	Pair Corr
0.54	SWAGW	Software Acquisition	Pair Corr
0.46	AEO	Aeorema Communications	Pair Corr
0.43	GDEV	GDEV Inc	Pair Corr
0.37	TKO	TKO Group Holdings,	Pair Corr

Related Correlations Analysis

	MYPS	KULR	TROO	SKLZ	WRAP	AISP	EXFY	TEAD	SATL	ARAI
MYPS		0.67	-0.35	0.61	-0.38	0.25	0.62	0.79	0.59	0.24	MYPS
KULR	0.67		-0.36	0.72	-0.32	0.59	0.46	0.72	0.81	0.32	KULR
TROO	-0.35	-0.36		-0.56	0.84	0.33	-0.32	-0.38	-0.43	-0.3	TROO
SKLZ	0.61	0.72	-0.56		-0.62	0.17	0.49	0.74	0.63	0.32	SKLZ
WRAP	-0.38	-0.32	0.84	-0.62		0.43	-0.4	-0.45	-0.41	-0.28	WRAP
AISP	0.25	0.59	0.33	0.17	0.43		0.2	0.28	0.46	-0.09	AISP
EXFY	0.62	0.46	-0.32	0.49	-0.4	0.2		0.71	0.74	-0.38	EXFY
TEAD	0.79	0.72	-0.38	0.74	-0.45	0.28	0.71		0.67	0.16	TEAD
SATL	0.59	0.81	-0.43	0.63	-0.41	0.46	0.74	0.67		-0.1	SATL
ARAI	0.24	0.32	-0.3	0.32	-0.28	-0.09	-0.38	0.16	-0.1		ARAI
	MYPS	KULR	TROO	SKLZ	WRAP	AISP	EXFY	TEAD	SATL	ARAI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WRAP	+ 0.84	TROO
SATL	+ 0.81	KULR
TEAD	+ 0.79	MYPS
TEAD	+ 0.74	SKLZ
SATL	+ 0.74	EXFY
SKLZ	+ 0.72	KULR

High negative correlations

WRAP	- 0.62	SKLZ
SKLZ	- 0.56	TROO
TEAD	- 0.45	WRAP
SATL	- 0.43	TROO
SATL	- 0.41	WRAP
EXFY	- 0.4	WRAP

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
MYPS	2.04	(0.37)	0.00	1.40	0.00	0.00	4.21	(7.55)	15.91
KULR	3.38	(1.09)	0.00	(0.19)	0.00	0.00	5.73	(8.18)	26.49
TROO	4.30	0.96	0.16	(0.60)	4.02	(5.57)	10.40	(7.32)	32.50
SKLZ	2.40	(0.39)	0.00	(0.18)	0.00	0.00	5.45	(4.71)	25.60
WRAP	5.15	1.08	0.15	(1.01)	5.23	(5.97)	11.70	(8.50)	32.04
AISP	3.97	(0.33)	0.00	(0.04)	0.00	0.00	8.46	(8.04)	30.28
EXFY	2.14	(0.53)	0.00	(0.14)	0.00	0.00	4.26	(5.03)	18.29
TEAD	4.41	(1.10)	0.00	(0.07)	0.00	0.00	10.97	(7.36)	59.20
SATL	4.36	(1.25)	0.00	(0.30)	0.00	0.00	6.11	(9.43)	45.39
ARAI	6.28	(0.74)	0.00	(0.08)	0.00	0.00	20.00	(11.80)	47.22

Golden Matrix Corporate Management

Zoran Milosevic	Chief Group	Profile
CPA CPCU	Chief CFO	Profile
Richard CPA	Chief Officer	Profile
Henry Zhang	Chief Officer	Profile

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