Golden Ocean Group Stock Performance
| GOGL Stock | USD 11.19 0.64 5.41% |
The company retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. Golden Ocean returns are very sensitive to returns on the market. As the market goes up or down, Golden Ocean is expected to follow. At this point, Golden Ocean Group has a negative expected return of -0.0988%. Please make sure to check out Golden Ocean's total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if Golden Ocean Group performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Golden Ocean Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent technical and fundamental indicators, Golden Ocean is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
Actual Historical Performance (%)
One Day Return (5.96) | Five Day Return (8.59) | Year To Date Return 16.01 | Ten Year Return (65.29) | All Time Return (89.89) |
Forward Dividend Yield 0.1014 | Payout Ratio 1.0753 | Last Split Factor 1:5 | Forward Dividend Rate 1.2 | Dividend Date 2024-09-20 |
1 | Golden Ocean Group Limited Pays A US0.30 Dividend In Just Four Days | 09/06/2024 |
| Golden Ocean dividend paid on 20th of September 2024 | 09/20/2024 |
2 | Golden Ocean Group Limited Why Are Street Analysts Bullish on This Marine Shipping Stock | 09/26/2024 |
3 | Norway stocks higher at close of trade Oslo OBX up 0.54 | 09/30/2024 |
4 | BlackRocks New 6 percent Stake in Golden Ocean Group - TipRanks | 10/03/2024 |
5 | StockNews.com Lowers Golden Ocean Group to Hold | 10/09/2024 |
6 | Norway stocks higher at close of trade Oslo OBX up 0.15 | 10/14/2024 |
7 | Norway stocks higher at close of trade Oslo OBX up 0.27 | 10/21/2024 |
8 | Norway stocks lower at close of trade Oslo OBX down 0.57 | 11/04/2024 |
9 | Norway stocks higher at close of trade Oslo OBX up 0.43 | 11/07/2024 |
10 | GOGL -- Invitation to presentation of Q3 2024 Results | 11/18/2024 |
11 | ZIM Integrated Shipping Services Surpasses Q3 Earnings and Revenue Estimates | 11/20/2024 |
| Begin Period Cash Flow | 138.1 M |
Golden |
Golden Ocean Relative Risk vs. Return Landscape
If you would invest 1,211 in Golden Ocean Group on August 24, 2024 and sell it today you would lose (92.00) from holding Golden Ocean Group or give up 7.6% of portfolio value over 90 days. Golden Ocean Group is currently does not generate positive expected returns and assumes 2.323% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of stocks are less volatile than Golden, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Golden Ocean Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Ocean's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Golden Ocean Group, and traders can use it to determine the average amount a Golden Ocean's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0425
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GOGL |
Estimated Market Risk
| 2.32 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 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 Fundamentals Growth
Golden Stock prices reflect investors' perceptions of the future prospects and financial health of Golden Ocean, and Golden Ocean fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Golden Stock performance.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0541 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.34 % | ||||
| Current Valuation | 3.72 B | ||||
| Shares Outstanding | 200.03 M | ||||
| Price To Earning | 2.55 X | ||||
| Price To Book | 1.23 X | ||||
| Price To Sales | 2.46 X | ||||
| Revenue | 885.77 M | ||||
| Gross Profit | 551.12 M | ||||
| EBITDA | 326.75 M | ||||
| Net Income | 112.27 M | ||||
| Cash And Equivalents | 163.98 M | ||||
| Cash Per Share | 0.82 X | ||||
| Total Debt | 1.47 B | ||||
| Debt To Equity | 0.69 % | ||||
| Current Ratio | 1.54 X | ||||
| Book Value Per Share | 9.65 X | ||||
| Cash Flow From Operations | 266.34 M | ||||
| Earnings Per Share | 1.07 X | ||||
| Market Capitalization | 2.4 B | ||||
| Total Asset | 3.49 B | ||||
| Retained Earnings | 339.98 M | ||||
| Working Capital | 52.73 M | ||||
| Current Asset | 203.66 M | ||||
| Current Liabilities | 80.03 M | ||||
About Golden Ocean Performance
By examining Golden Ocean's fundamental ratios, stakeholders can obtain critical insights into Golden Ocean's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Golden Ocean is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 22.08 | 42.39 | |
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.06 | 0.10 | |
| Return On Assets | 0.03 | 0.03 | |
| Return On Equity | 0.06 | 0.11 |
Things to note about Golden Ocean Group performance evaluation
Checking the ongoing alerts about Golden Ocean for important developments is a great way to find new opportunities for your next move. 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 a poor financial position based on the latest SEC disclosures | |
| About 40.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: ZIM Integrated Shipping Services Surpasses Q3 Earnings and Revenue Estimates |
- Analyzing Golden Ocean's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Golden Ocean's stock is overvalued or undervalued compared to its peers.
- Examining Golden Ocean's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Golden Ocean's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Golden Ocean's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Golden Ocean's stock. These opinions can provide insight into Golden Ocean's potential for growth and whether the stock is currently undervalued or overvalued.
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.