Golden Ocean Financials
| GOGL Stock | USD 7.68 0.29 3.64% |
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 Genco Shipping, Global Ship, Diana Shipping, Star Bulk, and Danaos. Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange. It employs 37 people.| Foreign Associate | Norway |
Specialization | Industrials, Marine Shipping |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | BMG396372051 |
| CUSIP | G39637205 G39637106 G5299G106 |
| Location | Bermuda |
| Business Address | 14 Par-la-Ville Road, |
| Sector | Marine Transportation |
| Industry | Industrials |
| Benchmark | Dow Jones Industrial |
| Website | www.goldenocean.bm |
| Phone | 441 295 6935 |
| Currency | USD - US Dollar |
Golden Ocean Key Financial Ratios
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0533 | ||||
| Target Price | 11.62 | ||||
| Beta | 1.19 | ||||
| Last Dividend Paid | 1.05 |
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 rated below average in return on equity category among its peers. It is rated # 5 in return on asset category among its peers reporting about 0.46 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Golden Ocean Group is roughly 2.19 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Golden Ocean by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.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 five with a total number of output elements of fifty-six. 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 March 22, 2025 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 | (0.04) | |||
| Maximum Drawdown | 21.36 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 4.11 |
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.
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.