Golden Ocean Group Stock Price on February 15, 2024
| GOGL Stock | USD 11.14 0.05 0.45% |
Below is the normalized historical share price chart for Golden Ocean Group extending back to February 07, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Golden Ocean stands at 11.14, as last reported on the 25th of November, with the highest price reaching 11.16 and the lowest price hitting 10.97 during the day.
If you're considering investing in Golden Stock, it is important to understand the factors that can impact its price. Golden Ocean Group holds Efficiency (Sharpe) Ratio of -0.0544, which attests that the entity had a -0.0544% return per unit of risk over the last 3 months. Golden Ocean Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Golden Ocean's Market Risk Adjusted Performance of (0.1), standard deviation of 2.28, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide.
At this time, Golden Ocean's Stock Based Compensation is quite stable compared to the past year. . At this time, Golden Ocean's Price Fair Value is quite stable compared to the past year. Golden Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of February 1997 | 200 Day MA 12.7119 | 50 Day MA 11.856 | Beta 1.229 |
Golden |
Sharpe Ratio = -0.0544
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Estimated Market Risk
| 2.3 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Golden Ocean is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Golden Ocean by adding Golden Ocean to a well-diversified portfolio.
Price Book 1.1543 | Enterprise Value Ebitda 7.6418 | Price Sales 2.2909 | Shares Float 120.9 M | Dividend Share 1 |
Golden Ocean Valuation on February 15, 2024
It is possible to determine the worth of Golden Ocean on a given historical date. On February 15, 2024 Golden was worth 10.12 at the beginning of the trading date compared to the closed value of 10.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Golden Ocean stock. Still, in general, we apply an absolute valuation method to find Golden Ocean's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Golden Ocean where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Golden Ocean's related companies.
| Open | High | Low | Close | Volume | |
| 10.28 | 10.30 | 10.13 | 10.19 | 1,169,968 | |
02/15/2024 | 10.12 | 10.41 | 10.08 | 10.37 | 1,540,878 |
| 10.38 | 10.42 | 10.25 | 10.25 | 937,468 |
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Golden Ocean Trading Date Momentum on February 15, 2024
| On February 16 2024 Golden Ocean Group was traded for 10.25 at the closing time. The top price for the day was 10.42 and the lowest listed price was 10.25 . The trading volume for the day was 937.5 K. The trading history from February 16, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.16% . The overall trading delta against the current closing price is 6.08% . |
Golden Ocean Group Fundamentals Correlations and Trends
By evaluating Golden Ocean's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Golden Ocean's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Golden financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Golden Ocean Stock history
Golden Ocean investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Golden is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Golden Ocean Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Golden Ocean stock prices may prove useful in developing a viable investing in Golden Ocean
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 200.5 M | 210.5 M | |
| Net Income Applicable To Common Shares | 531.1 M | 557.7 M |
Golden Ocean Stock Technical Analysis
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.
Price Boundaries
Golden Ocean Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Golden Ocean Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Golden Ocean November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Golden Ocean stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Golden Ocean shares will generate the highest return on investment. By undertsting and applying Golden Ocean stock market strength indicators, traders can identify Golden Ocean Group entry and exit signals to maximize returns
Golden Ocean Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Golden Ocean's price direction in advance. Along with the technical and fundamental analysis of Golden Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Golden to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.11) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in 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 price. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Marine Transportation space 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 0.822 | Dividend Share 1 | Earnings Share 1.07 | Revenue Per Share 4.871 | Quarterly Revenue Growth 0.172 |
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.