Golden Ocean (Norway) Price on September 4, 2024
| GOGL Stock | NOK 122.45 0.05 0.04% |
If you're considering investing in Golden Stock, it is important to understand the factors that can impact its price. As of today, the current price of Golden Ocean stands at 122.45, as last reported on the 27th of November, with the highest price reaching 123.90 and the lowest price hitting 121.75 during the day. Golden Ocean Group holds Efficiency (Sharpe) Ratio of -0.0081, which attests that the entity had a -0.0081% return per unit of risk over the last 3 months. Golden Ocean Group exposes twenty-two 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 (0.26), risk adjusted performance of (0.01), and Standard Deviation of 2.03 to validate the risk estimate we provide.
Golden Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Golden |
Sharpe Ratio = -0.0081
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Estimated Market Risk
| 2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 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.
Golden Ocean Valuation on September 4, 2024
It is possible to determine the worth of Golden Ocean on a given historical date. On September 4, 2024 Golden was worth 119.77 at the beginning of the trading date compared to the closed value of 121.71. 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 | |
| 123.66 | 126.44 | 121.08 | 121.57 | 630,463 | |
09/04/2024 | 119.77 | 122.01 | 118.99 | 121.71 | 471,089 |
| 121.66 | 122.20 | 119.57 | 120.89 | 347,211 |
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Golden Ocean Trading Date Momentum on September 4, 2024
| On September 05 2024 Golden Ocean Group was traded for 120.89 at the closing time. The highest price during the trading period was 122.20 and the lowest recorded bid was listed for 119.57 . The volume for the day was 347.2 K. This history from September 5, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.67% . The overall trading delta to the current price is 1.88% . |
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
Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. As of March 31, 2019, it owned a fleet of 77 vessels comprising 38 Capesize, 27 Panamax, and 2 Ultramax vessels 8 Capesize vessels under operating leases 1 Panamax vessel under a capital lease and 1 Supramax vessel under an operating lease. GOLDEN OCEAN operates under Shipping Ports classification in Norway and is traded on Oslo Stock Exchange. It employs 32 people.
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 27, 2024
| High |
0.00 | 0.00 |
Golden Ocean Group cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock 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 27, 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 | (0.07) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.27) |
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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 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 board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.