Golden Ocean Group Stock Probability of Future Stock Price Finishing Over 15.43
| GOGL Stock | USD 8.71 0.09 1.04% |
Golden |
Golden Ocean Target Price Odds to finish over 15.43
The tendency of Golden Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 15.43 or more in 90 days |
| 8.71 | 90 days | 15.43 | near 1 |
Based on a normal probability distribution, the odds of Golden Ocean to move over $ 15.43 or more in 90 days from now is near 1 (This Golden Ocean Group probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) . Probability of Golden Ocean Group price to stay between its current price of $ 8.71 and $ 15.43 at the end of the 90-day period is roughly 96.0 .
Given the investment horizon of 90 days Golden Ocean has a beta of 0.14. This usually indicates as returns on the market go up, Golden Ocean average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Golden Ocean Group will be expected to be much smaller as well. Additionally Golden Ocean Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Golden Ocean Price Density |
| Price |
Predictive Modules for Golden Ocean
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Golden Ocean Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Golden Ocean Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Golden Ocean is not an exception. The market had few large corrections towards the Golden Ocean's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Golden Ocean Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Golden Ocean within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.48 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 1.21 | |
Ir | Information ratio | -0.23 |
Golden Ocean Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Golden Ocean for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Golden Ocean Group can help investors quickly react to important events or material 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 | |
| On 18th of December 2024 Golden Ocean paid $ 0.3 per share dividend to its current shareholders | |
| Latest headline from insidermonkey.com: Golden Ocean Group Limited Among the Oversold Global Stocks to Buy Right Now |
Golden Ocean Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Golden Stock often depends not only on the future outlook of the current and potential Golden Ocean's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Golden Ocean's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 200.5 M | |
| Cash And Short Term Investments | 116.4 M |
Golden Ocean Technical Analysis
Golden Ocean's future price can be derived by breaking down and analyzing its technical indicators over time. Golden Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Golden Ocean Group. In general, you should focus on analyzing Golden Stock price patterns and their correlations with different microeconomic environments and drivers.
Golden Ocean Predictive Forecast Models
Golden Ocean's time-series forecasting models is one of many Golden Ocean's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Golden Ocean's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Golden Ocean Group
Checking the ongoing alerts about Golden Ocean for important developments is a great way to find new opportunities for your next move. Our 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 | |
| On 18th of December 2024 Golden Ocean paid $ 0.3 per share dividend to its current shareholders | |
| Latest headline from insidermonkey.com: Golden Ocean Group Limited Among the Oversold Global Stocks to Buy Right Now |
Check out Golden Ocean Backtesting, Golden Ocean Valuation, Golden Ocean Correlation, Golden Ocean Hype Analysis, Golden Ocean Volatility, Golden Ocean History as well as Golden Ocean Performance. 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.
Quarterly Earnings Growth 0.822 | Earnings Share 1.21 | Revenue Per Share 4.871 | Quarterly Revenue Growth 0.172 | Return On Assets 0.0541 |
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.