Golden Ocean (Norway) Performance
| GOGL Stock | NOK 109.00 1.15 1.04% |
The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. 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. At this point, Golden Ocean Group has a negative expected return of -0.13%. Please make sure to check out Golden Ocean's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Golden Ocean Group performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Golden Ocean Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest conflicting performance, the Stock's essential indicators remain persistent and the latest mess on Wall Street may also be a sign of long-standing gains for the company institutional investors. ...more
| Begin Period Cash Flow | 175.1 M | |
| Total Cashflows From Investing Activities | -390 M |
Golden |
Golden Ocean Relative Risk vs. Return Landscape
If you would invest 12,089 in Golden Ocean Group on September 5, 2024 and sell it today you would lose (1,189) from holding Golden Ocean Group or give up 9.84% of portfolio value over 90 days. Golden Ocean Group is generating negative expected returns and assumes 2.252% volatility on return distribution over the 90 days horizon. Simply put, 20% of stocks are less volatile than Golden, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Golden Ocean Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Ocean's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Golden Ocean Group, and traders can use it to determine the average amount a Golden Ocean's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0594
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| Negative Returns | GOGL |
Estimated Market Risk
| 2.25 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Golden Ocean is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Golden Ocean by adding Golden Ocean to a well-diversified portfolio.
Golden Ocean Fundamentals Growth
Golden Stock prices reflect investors' perceptions of the future prospects and financial health of Golden Ocean, and Golden Ocean fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Golden Stock performance.
| Return On Equity | 0.31 | |||
| Return On Asset | 0.096 | |||
| Profit Margin | 0.48 % | |||
| Operating Margin | 0.43 % | |||
| Current Valuation | 29.68 B | |||
| Shares Outstanding | 200.42 M | |||
| Price To Earning | 134.86 X | |||
| Price To Book | 0.92 X | |||
| Price To Sales | 14.62 X | |||
| Revenue | 1.2 B | |||
| EBITDA | 691.22 M | |||
| Cash And Equivalents | 139.29 M | |||
| Cash Per Share | 0.97 X | |||
| Total Debt | 1.26 B | |||
| Debt To Equity | 90.10 % | |||
| Book Value Per Share | 9.57 X | |||
| Cash Flow From Operations | 560.4 M | |||
| Earnings Per Share | 30.83 X | |||
| Total Asset | 3.45 B | |||
| Retained Earnings | 282 M | |||
| Current Asset | 251 M | |||
| Current Liabilities | 154 M | |||
About Golden Ocean Performance
By examining Golden Ocean's fundamental ratios, stakeholders can obtain critical insights into Golden Ocean's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Golden Ocean is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
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.Things to note about Golden Ocean Group performance evaluation
Checking the ongoing alerts about Golden Ocean for important developments is a great way to find new opportunities for your next move. 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 high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Golden Ocean Group has accumulated 1.26 B in total debt with debt to equity ratio (D/E) of 90.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Golden Ocean Group has a current ratio of 0.71, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Golden Ocean until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Ocean's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Golden Ocean Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Golden to invest in growth at high rates of return. When we think about Golden Ocean's use of debt, we should always consider it together with cash and equity. | |
| About 39.0% of Golden Ocean shares are held by company insiders |
- Analyzing Golden Ocean's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Golden Ocean's stock is overvalued or undervalued compared to its peers.
- Examining Golden Ocean's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Golden Ocean's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Golden Ocean's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Golden Ocean's stock. These opinions can provide insight into Golden Ocean's potential for growth and whether the stock is currently undervalued or overvalued.
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.