Golden Ocean Financials
| GOGL Stock | NOK 108.65 0.35 0.32% |
Golden |
Understanding current and past Golden Ocean Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Golden Ocean's financial statements are interrelated, with each one affecting the others. For example, an increase in Golden Ocean's assets may result in an increase in income on the income statement.
Golden Ocean Stock Summary
Golden Ocean competes with Frontline, BW LPG, FLEX LNG, and Dampskibsselskabet. 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.| Foreign Associate | USA |
| Instrument | Norway Stock View All |
| Exchange | Oslo Stock Exchange |
| ISIN | BMG396372051 |
| Business Address | Par-la-Ville Place, Hamilton, |
| Sector | Industrials |
| Industry | Shipping & Ports |
| Benchmark | Dow Jones Industrial |
| Website | www.goldenocean.bm |
| Phone | 441 295 6935 |
| Currency | NOK - Kroner |
You should never invest in Golden Ocean without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Golden Stock, because this is throwing your money away. Analyzing the key information contained in Golden Ocean's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Golden Ocean Key Financial Ratios
There are many critical financial ratios that Golden Ocean's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Golden Ocean Group reports annually and quarterly.Golden Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Golden Ocean's current stock value. Our valuation model uses many indicators to compare Golden Ocean value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Golden Ocean competition to find correlations between indicators driving Golden Ocean's intrinsic value. More Info.Golden Ocean Group is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.31 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Golden Ocean Group is roughly 3.26 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Golden Ocean's earnings, one of the primary drivers of an investment's value.Golden Ocean Group Systematic Risk
Golden Ocean's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Golden Ocean volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Golden Ocean Group correlated with the market. If Beta is less than 0 Golden Ocean generally moves in the opposite direction as compared to the market. If Golden Ocean Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Golden Ocean Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Golden Ocean is generally in the same direction as the market. If Beta > 1 Golden Ocean moves generally in the same direction as, but more than the movement of the benchmark.
Golden Ocean December 4, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Golden Ocean help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Golden Ocean Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Golden Ocean Group based on widely used predictive technical indicators. In general, we focus on analyzing Golden Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Golden Ocean's daily price indicators and compare them against related drivers.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.35 |
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.