Golden Ocean Correlations
| GOGL Stock | NOK 122.45 0.05 0.04% |
The current 90-days correlation between Golden Ocean Group and Frontline is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Ocean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Ocean Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Golden Ocean Correlation With Market
Significant diversification
The correlation between Golden Ocean Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Ocean Group and DJI in the same portfolio, assuming nothing else is changed.
Golden |
The ability to find closely correlated positions to Golden Ocean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Ocean when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Golden Ocean - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Golden Ocean Group to buy it.
Moving together with Golden Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Golden Stock performing well and Golden Ocean 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 Ocean'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRO | 1.71 | (0.25) | 0.00 | (1.60) | 0.00 | 3.78 | 11.56 | |||
| BWLPG | 1.78 | (0.17) | 0.00 | (9.74) | 0.00 | 3.36 | 11.49 | |||
| FLNG | 1.14 | (0.04) | (0.09) | 0.01 | 1.31 | 2.35 | 6.03 | |||
| DNORD | 1.62 | (0.36) | 0.00 | (5.80) | 0.00 | 2.67 | 7.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Golden Ocean without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Golden Ocean Corporate Management
Elected by the shareholders, the Golden Ocean's board of directors comprises two types of representatives: Golden Ocean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golden. The board's role is to monitor Golden Ocean's management team and ensure that shareholders' interests are well served. Golden Ocean's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Golden Ocean's outside directors are responsible for providing unbiased perspectives on the board's policies.
| LarsChristian Svensen | Chief AS | Profile | |
| Peder Simonsen | Chief AS | Profile | |
| Ulrik Andersen | Chief AS | Profile | |
| Tord Brath | Head Operations | Profile |