Golden Ocean (Norway) Alpha and Beta Analysis

GOGL Stock  NOK 104.60  1.70  1.65%   
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
0.24
Alpha
(0.18)
Risk
2.25
Sharpe Ratio
(0.05)
Expected Return
(0.12)
Please note that although Golden Ocean alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Golden Ocean did 0.18  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Golden Ocean Group stock's relative risk over its benchmark. Golden Ocean Group has a beta of 0.24  . As returns on the market increase, Golden Ocean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Golden Ocean is expected to be smaller as well. .
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.
  
Check out Golden Ocean Backtesting, Golden Ocean Valuation, Golden Ocean Correlation, Golden Ocean Hype Analysis, Golden Ocean Volatility, Golden Ocean History and analyze Golden Ocean Performance.

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-0.18   β0.24

Golden Ocean expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Golden Ocean's Buy-and-hold return. Our buy-and-hold chart shows how Golden Ocean performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Golden Ocean Market Price Analysis

Market price analysis indicators help investors to evaluate how Golden Ocean stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Golden Ocean shares will generate the highest return on investment. By understating and applying Golden Ocean stock market price indicators, traders can identify Golden Ocean position entry and exit signals to maximize returns.

Golden Ocean Return and Market Media

The median price of Golden Ocean for the period between Wed, Sep 11, 2024 and Tue, Dec 10, 2024 is 120.03 with a coefficient of variation of 7.29. The daily time series for the period is distributed with a sample standard deviation of 8.83, arithmetic mean of 121.15, and mean deviation of 7.27. 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 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Golden Ocean in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Golden Ocean's short interest history, or implied volatility extrapolated from Golden Ocean options trading.

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.

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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

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 Golden Ocean Backtesting, Golden Ocean Valuation, Golden Ocean Correlation, Golden Ocean Hype Analysis, Golden Ocean Volatility, Golden Ocean History and analyze Golden Ocean Performance.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Golden Ocean technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Golden Ocean technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Golden Ocean trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...