Golden Ocean (Norway) Buy Hold or Sell Recommendation
| GOGL Stock | NOK 123.00 0.20 0.16% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Golden Ocean Group is 'Cautious Hold'. The recommendation algorithm takes into account all of Golden Ocean's available fundamental, technical, and predictive indicators you will find on this site.
Check out Golden Ocean Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Golden and provide practical buy, sell, or hold advice based on investors' constraints. Golden Ocean Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Golden |
Execute Golden Ocean Buy or Sell Advice
The Golden recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Golden Ocean Group. Macroaxis does not own or have any residual interests in Golden Ocean Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Golden Ocean's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Golden Ocean Trading Alerts and Improvement Suggestions
| 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 Returns Distribution Density
The distribution of Golden Ocean's historical returns is an attempt to chart the uncertainty of Golden Ocean's future price movements. The chart of the probability distribution of Golden Ocean daily returns describes the distribution of returns around its average expected value. We use Golden Ocean Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Golden Ocean returns is essential to provide solid investment advice for Golden Ocean.
| Mean Return | -0.02 | Value At Risk | -3.34 | Potential Upside | 3.35 | Standard Deviation | 2.03 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Golden Ocean historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Golden Ocean Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Golden Ocean or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Golden Ocean's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Golden stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 2.03 | |
Ir | Information ratio | -0.07 |
Golden Ocean Volatility Alert
Golden Ocean Group exhibits very low volatility with skewness of -0.27 and kurtosis of 0.7. 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 financial instruments as prices fall.Golden Ocean Fundamentals Vs Peers
Comparing Golden Ocean's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Golden Ocean's direct or indirect competition across all of the common fundamentals between Golden Ocean and the related equities. This way, we can detect undervalued stocks with similar characteristics as Golden Ocean or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Golden Ocean's fundamental indicators could also be used in its relative valuation, which is a method of valuing Golden Ocean by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Golden Ocean to competition |
| Fundamentals | Golden Ocean | Peer Average |
| Return On Equity | 0.31 | -0.31 |
| Return On Asset | 0.096 | -0.14 |
| Profit Margin | 0.48 % | (1.27) % |
| Operating Margin | 0.43 % | (5.51) % |
| Current Valuation | 29.68 B | 16.62 B |
| Shares Outstanding | 200.42 M | 571.82 M |
| Shares Owned By Insiders | 39.16 % | 10.09 % |
| Shares Owned By Institutions | 33.02 % | 39.21 % |
| Price To Earning | 134.86 X | 28.72 X |
| Price To Book | 0.92 X | 9.51 X |
| Price To Sales | 14.62 X | 11.42 X |
| Revenue | 1.2 B | 9.43 B |
| Gross Profit | 649.86 M | 27.38 B |
| EBITDA | 691.22 M | 3.9 B |
| Net Income | 527.22 M | 570.98 M |
| Cash And Equivalents | 139.29 M | 2.7 B |
| Cash Per Share | 0.97 X | 5.01 X |
| Total Debt | 1.26 B | 5.32 B |
| Debt To Equity | 90.10 % | 48.70 % |
| Current Ratio | 0.72 X | 2.16 X |
| Book Value Per Share | 9.57 X | 1.93 K |
| Cash Flow From Operations | 560.4 M | 971.22 M |
| Earnings Per Share | 30.83 X | 3.12 X |
| Target Price | 0.9 | |
| Number Of Employees | 37 | 18.84 K |
| Beta | 1.32 | -0.15 |
| Market Capitalization | 19.43 B | 19.03 B |
| Total Asset | 3.45 B | 29.47 B |
| Retained Earnings | 282 M | 9.33 B |
| Working Capital | 97 M | 1.48 B |
| Current Asset | 251 M | 9.34 B |
| Current Liabilities | 154 M | 7.9 B |
| Z Score | 9.0 | 8.72 |
Golden Ocean Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Golden . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Golden Ocean Buy or Sell Advice
When is the right time to buy or sell Golden Ocean Group? Buying financial instruments such as Golden Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Golden Ocean in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Aluminum
Companies involved in production of aluminum. The Aluminum theme has 39 constituents at this time.
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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 Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.