Golden Ocean Group Stock Performance
| GOGL Stock | USD 15.77 0.38 2.47% |
On a scale of 0 to 100, Golden Ocean holds a performance score of 22. The company retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Golden Ocean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Golden Ocean is expected to be smaller as well. Please check Golden Ocean's total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Golden Ocean's current trending patterns will revert.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Golden Ocean Group are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. Despite quite weak technical and fundamental indicators, Golden Ocean disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 2.47 | Five Day Return 4.02 | Year To Date Return 64.44 | Ten Year Return (76.76) | All Time Return (85.66) |
Forward Dividend Yield 0.039 | Payout Ratio 1 | Last Split Factor 1:5 | Forward Dividend Rate 0.6 | Dividend Date 2024-03-25 |
1 | Golden Ocean Group Q4 Earnings Snapshot | 02/28/2024 |
2 | Is Cathay Pacific Airways Stock Outpacing Its Transportation Peers This Year | 03/20/2024 |
| Golden Ocean dividend paid on 25th of March 2024 | 03/25/2024 |
3 | Golden Ocean Group Stock Drops Despite Market Gains Important Facts to Note | 04/09/2024 |
4 | TFG Marine snaps up Spanish bunker supplier | 04/16/2024 |
5 | Golden Ocean Group Stock Moves -0.54 percent What You Should Know | 04/19/2024 |
6 | Is Golden Ocean Group Limiteds Recent Stock Performance Influenced By Its Fundamentals In Any Way | 04/25/2024 |
7 | Golden Ocean Group Reaches New 1-Year High at 14.06 - MarketBeat | 04/26/2024 |
8 | Golden Ocean Group Rises As Market Takes a Dip Key Facts | 05/01/2024 |
9 | Golden Ocean Group Stock Moves -0.94 percent What You Should Know | 05/08/2024 |
10 | Golden Ocean stock is thriving but May 22 will be key | 05/16/2024 |
11 | Golden Ocean Group Limiteds Price Is Out Of Tune With Revenues | 05/21/2024 |
| Begin Period Cash Flow | 138.1 M |
Golden |
Golden Ocean Relative Risk vs. Return Landscape
If you would invest 1,124 in Golden Ocean Group on February 22, 2024 and sell it today you would earn a total of 453.00 from holding Golden Ocean Group or generate 40.3% return on investment over 90 days. Golden Ocean Group is currently generating 0.5579% in daily expected returns and assumes 1.9739% risk (volatility on return distribution) over the 90 days horizon. In different words, 17% of stocks are less volatile than Golden, and 89% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Golden Ocean Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Ocean's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Golden Ocean Group, and traders can use it to determine the average amount a Golden Ocean's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2827
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.97 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Golden Ocean is performing at about 22% of its full potential. 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 Ocean by adding it to a well-diversified portfolio.
Golden Ocean Fundamentals Growth
Golden Stock prices reflect investors' perceptions of the future prospects and financial health of Golden Ocean, and Golden Ocean fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Golden Stock performance.
| Return On Equity | 0.0585 | ||||
| Return On Asset | 0.0354 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.34 % | ||||
| Current Valuation | 4.43 B | ||||
| Shares Outstanding | 199.63 M | ||||
| Price To Earning | 2.55 X | ||||
| Price To Book | 1.35 X | ||||
| Price To Sales | 3.00 X | ||||
| Revenue | 885.77 M | ||||
| Gross Profit | 551.12 M | ||||
| EBITDA | 326.75 M | ||||
| Net Income | 112.27 M | ||||
| Cash And Equivalents | 163.98 M | ||||
| Cash Per Share | 0.82 X | ||||
| Total Debt | 1.47 B | ||||
| Debt To Equity | 0.69 % | ||||
| Current Ratio | 1.54 X | ||||
| Book Value Per Share | 9.63 X | ||||
| Cash Flow From Operations | 266.34 M | ||||
| Earnings Per Share | 0.56 X | ||||
| Market Capitalization | 3.07 B | ||||
| Total Asset | 3.49 B | ||||
| Retained Earnings | 339.98 M | ||||
| Working Capital | 52.73 M | ||||
| Current Asset | 203.66 M | ||||
| Current Liabilities | 80.03 M | ||||
About Golden Ocean Performance
To evaluate Golden Ocean Group Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Golden Ocean generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Golden Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Golden Ocean Group market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Golden's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 22.08 | 42.39 | |
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.06 | 0.1 | |
| Return On Assets | 0.03 | 0.03 | |
| Return On Equity | 0.06 | 0.11 |
Things to note about Golden Ocean Group performance evaluation
Checking the ongoing alerts about Golden Ocean for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Golden Ocean Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 40.0% of the company shares are held by company insiders | |
| On 25th of March 2024 Golden Ocean paid $ 0.3 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Golden Ocean Group Limiteds Price Is Out Of Tune With Revenues |
- Analyzing Golden Ocean's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Golden Ocean's stock is overvalued or undervalued compared to its peers.
- Examining Golden Ocean's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Golden Ocean's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Golden Ocean's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Golden Ocean's stock. These opinions can provide insight into Golden Ocean's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Golden Ocean Group information on this page should be used as a complementary analysis to other Golden Ocean'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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When running Golden Ocean's price analysis, check to measure Golden Ocean'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 Ocean is operating at the current time. Most of Golden Ocean's value examination focuses on studying past and present price action to predict the probability of Golden Ocean'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 Ocean's price. Additionally, you may evaluate how the addition of Golden Ocean to your portfolios can decrease your overall portfolio volatility.
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Is Golden Ocean'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 Ocean. 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 Ocean 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 (0.14) | Dividend Share 0.6 | Earnings Share 0.56 | Revenue Per Share 4.431 | Quarterly Revenue Growth 0.019 |
The market value of Golden Ocean 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 Ocean's value that differs from its market value or its book value, called intrinsic value, which is Golden Ocean'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 Ocean's market value can be influenced by many factors that don't directly affect Golden Ocean'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 Ocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Ocean'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.