Our new technical analysis of Golden Ocean Gp (NASDAQ:GOGL)

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Raphi Shpitalnik .  Story
GOGL Stock  USD 9.28  0.18  1.90%   
Raphi Shpitalnik
By Raphi Shpitalnik
Macroaxis Story
While some baby boomers are getting worried about industrials space, it is reasonable to summarize Golden Ocean Gp against economic and market trends. As we have suggested previously, Golden Ocean is beginning its pull down as stakeholders shift to be more bearish due to the increased sector volatility. Golden Ocean Gp follows the market closely. The company returns are highly related to returns on the market. As market weaves, the company is expected to follow. Steady technical and fundamental indicators of the company may denote signs of medium-term price drift for stakeholders. Golden Ocean Gp is scheduled to announce its earnings today.
Published over two months ago
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Golden Ocean Gp's average rating is Buy from 2 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Golden Ocean market sentiment investors' perception of the future value of Golden. Let us look at a few aspects of Golden technical analysis. About 39.0% of the company shares are held by company insiders. Golden Ocean Gp has price-to-book (P/B) ratio of 1.01. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity recorded a loss per share of 0.96. The firm last dividend was issued on the 6th of September 2022. Golden Ocean had 1:5 split on the 1st of August 2016.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Golden Ocean Group. In general, we focus on analyzing Golden Ocean stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Golden Ocean's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Golden Ocean's intrinsic value. In addition to deriving basic predictive indicators for Golden Ocean, we also check how macroeconomic factors affect Golden Ocean price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Golden Ocean's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Golden Ocean in the context of predictive analytics.
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Golden Ocean. Your research has to be compared to or analyzed against Golden Ocean's peers to derive any actionable benefits. When done correctly, Golden Ocean's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Golden Ocean Group.

How does Golden Stands against Peers?

Analyzing Golden Ocean competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Golden Ocean across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Golden Ocean Competition Details

How does Golden utilize its cash?

To perform a cash flow analysis of Golden Ocean, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Golden Ocean is receiving and how much cash it distributes out in a given period. The Golden Ocean cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

What is driving Golden Ocean Investor Appetite?

The entity has a beta of 0.891. Let's try to break down what Golden's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Golden Ocean will likely underperform. The beta indicator helps investors understand whether Golden Ocean moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Golden deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. The firm reported the previous year's revenue of 1.35 B. Net Income was 688.22 M with profit before overhead, payroll, taxes, and interest of 649.86 M.

Anything left for Golden Ocean after the pull down?

Kurtosis is down to 0.34. It may denote a possible volatility pull down. Golden Ocean Gp exhibits very low volatility with skewness of 0.2 and kurtosis of 0.34. However, we advise investors to further study Golden Ocean Gp technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Golden Ocean's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Golden Ocean's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Take On Golden Ocean

While some other firms in the marine shipping industry are either recovering or due for a correction, Golden may not be as strong as the others in terms of longer-term growth potentials. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither trade nor trade any shares of Golden Ocean at this time. The Golden Ocean Gp risk-reward trade off is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Golden Ocean.

Editorial Staff

Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI. View Profile
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Golden Ocean Group. Please refer to our Terms of Use for any information regarding our disclosure principles.

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