Golden Ocean (Norway) Probability of Future Stock Price Finishing Over 101.64
| GOGL Stock | NOK 105.50 0.90 0.86% |
Golden |
Golden Ocean Target Price Odds to finish over 101.64
The tendency of Golden Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above 101.64 in 90 days |
| 105.50 | 90 days | 101.64 | about 98.0 |
Based on a normal probability distribution, the odds of Golden Ocean to stay above 101.64 in 90 days from now is about 98.0 (This Golden Ocean Group probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) . Probability of Golden Ocean Group price to stay between 101.64 and its current price of 105.5 at the end of the 90-day period is roughly 2.7 .
Assuming the 90 days trading horizon Golden Ocean has a beta of 0.34. This usually indicates as returns on the market go up, Golden Ocean average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Golden Ocean Group will be expected to be much smaller as well. Additionally Golden Ocean Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Golden Ocean Price Density |
| Price |
Predictive Modules for Golden Ocean
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Golden Ocean Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Golden Ocean Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Golden Ocean is not an exception. The market had few large corrections towards the Golden Ocean's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Golden Ocean Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Golden Ocean within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 9.02 | |
Ir | Information ratio | -0.09 |
Golden Ocean Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Golden Ocean for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Golden Ocean Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Golden Ocean Group generated a negative expected return over the last 90 days | |
| Golden Ocean Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Golden Ocean Group has accumulated 1.26 B in total debt with debt to equity ratio (D/E) of 90.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Golden Ocean Group has a current ratio of 0.71, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Golden Ocean until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Ocean's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Golden Ocean Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Golden to invest in growth at high rates of return. When we think about Golden Ocean's use of debt, we should always consider it together with cash and equity. | |
| About 39.0% of Golden Ocean shares are held by company insiders |
Golden Ocean Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Golden Stock often depends not only on the future outlook of the current and potential Golden Ocean's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Golden Ocean's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 193.1 M | |
| Cash And Short Term Investments | 197 M |
Golden Ocean Technical Analysis
Golden Ocean's future price can be derived by breaking down and analyzing its technical indicators over time. Golden Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Golden Ocean Group. In general, you should focus on analyzing Golden Stock price patterns and their correlations with different microeconomic environments and drivers.
Golden Ocean Predictive Forecast Models
Golden Ocean's time-series forecasting models is one of many Golden Ocean's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Golden Ocean's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Golden Ocean Group
Checking the ongoing alerts about Golden Ocean for important developments is a great way to find new opportunities for your next move. Our 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.
| Golden Ocean Group generated a negative expected return over the last 90 days | |
| Golden Ocean Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Golden Ocean Group has accumulated 1.26 B in total debt with debt to equity ratio (D/E) of 90.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Golden Ocean Group has a current ratio of 0.71, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Golden Ocean until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Ocean's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Golden Ocean Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Golden to invest in growth at high rates of return. When we think about Golden Ocean's use of debt, we should always consider it together with cash and equity. | |
| About 39.0% of Golden Ocean shares are held by company insiders |
Additional Information and Resources on Investing in Golden Stock
When determining whether Golden Ocean Group is a strong investment it is important to analyze Golden Ocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Golden Ocean's future performance. For an informed investment choice regarding Golden Stock, refer to the following important reports:Check out Golden Ocean Backtesting, Golden Ocean Valuation, Golden Ocean Correlation, Golden Ocean Hype Analysis, Golden Ocean Volatility, Golden Ocean History as well as Golden Ocean Performance. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.