Golden Ocean Group Stock Price on May 20, 2022
GOGL Stock | USD 13.38 0.29 2.22% |
Below is the normalized historical share price chart for Golden Ocean Group extending back to February 07, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Golden Ocean stands at 13.38, as last reported on the 24th of April, with the highest price reaching 13.44 and the lowest price hitting 13.04 during the day.
If you're considering investing in Golden Stock, it is important to understand the factors that can impact its price. Golden Ocean appears to be not too volatile, given 3 months investment horizon. Golden Ocean Group holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Golden Ocean Group, which you can use to evaluate the volatility of the firm. Please utilize Golden Ocean's Risk Adjusted Performance of 0.1266, market risk adjusted performance of 0.4495, and Downside Deviation of 1.58 to validate if our risk estimates are consistent with your expectations.
At this time, Golden Ocean's Stock Based Compensation is quite stable compared to the past year. . At this time, Golden Ocean's Price Fair Value is quite stable compared to the past year. Golden Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of February 1997 | 200 Day MA 9.4181 | 50 Day MA 12.5874 | Beta 1.397 |
Golden |
Sharpe Ratio = 0.2228
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Estimated Market Risk
2.0 actual daily | 17 83% of assets are more volatile |
Expected Return
0.45 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Golden Ocean is performing at about 17% 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.
Price Book 1.3524 | Enterprise Value Ebitda 11.5938 | Price Sales 3.0008 | Shares Float 120.6 M | Dividend Share 0.6 |
Golden Ocean Valuation on May 20, 2022
It is possible to determine the worth of Golden Ocean on a given historical date. On May 20, 2022 Golden was worth 15.66 at the beginning of the trading date compared to the closed value of 12.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Golden Ocean stock. Still, in general, we apply an absolute valuation method to find Golden Ocean's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Golden Ocean where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Golden Ocean's related companies.
Open | High | Low | Close | Volume | |
14.80 | 16.40 | 12.78 | 12.78 | 8,470,017 | |
05/20/2022 | 15.66 | 16.01 | 12.41 | 12.41 | 5,868,336 |
15.41 | 15.95 | 12.53 | 12.53 | 6,554,153 |
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Golden Ocean Trading Date Momentum on May 20, 2022
On May 23 2022 Golden Ocean Group was traded for 12.53 at the closing time. The top price for the day was 15.95 and the lowest listed price was 12.53 . The trading volume for the day was 6.6 M. The trading history from May 23, 2022 was a factor to the next trading day price upswing. The overall trading delta against the next closing price was 0.97% . The overall trading delta against the current closing price is 21.92% . |
Golden Ocean Group Fundamentals Correlations and Trends
By evaluating Golden Ocean's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Golden Ocean's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Golden financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Golden Ocean Stock history
Golden Ocean investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Golden is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Golden Ocean Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Golden Ocean stock prices may prove useful in developing a viable investing in Golden Ocean
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 200.5 M | 210.5 M | |
Net Income Applicable To Common Shares | 531.1 M | 557.7 M |
Golden Ocean Stock Technical Analysis
Golden Ocean technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Golden Ocean Period Price Range
Low | May 20, 2022
| High |
15.66 | 12.41 |
Golden Ocean April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Golden Ocean 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 Ocean shares will generate the highest return on investment. By undertsting and applying Golden Ocean stock market strength indicators, traders can identify Golden Ocean Group entry and exit signals to maximize returns
Golden Ocean Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Golden Ocean's price direction in advance. Along with the technical and fundamental analysis of Golden Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Golden to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.1266 | |||
Jensen Alpha | 0.3082 | |||
Total Risk Alpha | 0.1205 | |||
Sortino Ratio | 0.1876 | |||
Treynor Ratio | 0.4395 |
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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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Golden Stock analysis
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.