Golden Ocean Group Stock Market Value
| GOGL Stock | USD 13.09 0.12 0.93% |
| Symbol | Golden |
Golden Ocean Group Price To Book Ratio
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.
Golden Ocean 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Golden Ocean's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Golden Ocean.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Golden Ocean on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Golden Ocean Group or generate 0.0% return on investment in Golden Ocean over 30 days. Golden Ocean is related to or competes with Global Ship, Navios Maritime, United Maritime, and Top Ships. Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, C... More
Golden Ocean Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Golden Ocean's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Golden Ocean Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.1699 | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 3.79 |
Golden Ocean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Ocean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Golden Ocean's standard deviation. In reality, there are many statistical measures that can use Golden Ocean historical prices to predict the future Golden Ocean's volatility.| Risk Adjusted Performance | 0.1367 | |||
| Jensen Alpha | 0.351 | |||
| Total Risk Alpha | 0.1702 | |||
| Sortino Ratio | 0.218 | |||
| Treynor Ratio | 0.4575 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Golden Ocean Group Backtested Returns
Golden Ocean appears to be not too volatile, given 3 months investment horizon. Golden Ocean Group holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Golden Ocean Group, which you can use to evaluate the volatility of the firm. Please utilize Golden Ocean's Market Risk Adjusted Performance of 0.4675, downside deviation of 1.58, and Risk Adjusted Performance of 0.1367 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Golden Ocean holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.92, which attests to possible diversification benefits within a given portfolio. Golden Ocean returns are very sensitive to returns on the market. As the market goes up or down, Golden Ocean is expected to follow. 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.
Auto-correlation | 0.73 |
Good predictability
Golden Ocean Group has good predictability. Overlapping area represents the amount of predictability between Golden Ocean time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Golden Ocean Group price movement. The serial correlation of 0.73 indicates that around 73.0% of current Golden Ocean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Golden Ocean Group lagged returns against current returns
Autocorrelation, which is Golden Ocean stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Golden Ocean's stock expected returns. We can calculate the autocorrelation of Golden Ocean returns to help us make a trade decision. For example, suppose you find that Golden Ocean has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Golden Ocean regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Golden Ocean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Golden Ocean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Golden Ocean stock over time.
Current vs Lagged Prices |
| Timeline |
Golden Ocean Lagged Returns
When evaluating Golden Ocean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Golden Ocean stock have on its future price. Golden Ocean autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Golden Ocean autocorrelation shows the relationship between Golden Ocean stock current value and its past values and can show if there is a momentum factor associated with investing in Golden Ocean Group.
Regressed Prices |
| Timeline |
Golden Ocean Investors Sentiment
The influence of Golden Ocean's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Golden. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Golden Ocean's public news can be used to forecast risks associated with an investment in Golden. The trend in average sentiment can be used to explain how an investor holding Golden can time the market purely based on public headlines and social activities around Golden Ocean Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Golden Ocean's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Golden Ocean's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Golden Ocean's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Golden Ocean.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Golden Ocean in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Golden Ocean's short interest history, or implied volatility extrapolated from Golden Ocean options trading.
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Try AI Portfolio ArchitectCheck out Golden Ocean Correlation, Golden Ocean Volatility and Golden Ocean Alpha and Beta module to complement your research on Golden Ocean. 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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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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.