Golden Ocean Group Alpha and Beta Analysis
| GOGLDelisted Stock | USD 7.98 0.30 3.62% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Golden Ocean Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Golden Ocean over a specified time horizon. Remember, high Golden Ocean's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Golden Ocean's market risk premium analysis include:
Beta 0.0 | Alpha 0.0 | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Golden |
Golden Ocean Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Golden Ocean market risk premium is the additional return an investor will receive from holding Golden Ocean long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Golden Ocean. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Golden Ocean's performance over market.| α | 0.00 | β | 0.00 |
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 | 0.0606 | -0.31 |
| Return On Asset | 0.0343 | -0.14 |
| Profit Margin | 0.13 % | (1.27) % |
| Operating Margin | (0.14) % | (5.51) % |
| Current Valuation | 2.93 B | 16.62 B |
| Shares Outstanding | 199.4 M | 571.82 M |
| Shares Owned By Insiders | 49.35 % | 10.09 % |
Golden Ocean Opportunities
Golden Ocean Return and Market Media
The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
| Timeline |
About Golden Ocean Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Golden or other delisted stocks. Alpha measures the amount that position in Golden Ocean Group has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Golden Ocean Upcoming Company Events
As portrayed in its financial statements, the presentation of Golden Ocean's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Golden Ocean's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Golden Ocean's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Golden Ocean. Please utilize our Beneish M Score to check the likelihood of Golden Ocean's management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 21st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Golden Ocean
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Consideration for investing in Golden Stock
If you are still planning to invest in Golden Ocean Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Golden Ocean's history and understand the potential risks before investing.
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