Golden Ocean (Norway) Today

GOGL Stock  NOK 136.70  1.95  1.45%   

Performance

19 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Golden Ocean is selling for 136.70 as of the 28th of March 2024. This is a 1.45 percent up since the beginning of the trading day. The stock's lowest day price was 134.7. Golden Ocean has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Golden Ocean Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
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. The company has 200.42 M outstanding shares. More on Golden Ocean Group

Moving together with Golden Stock

  0.75FRO FrontlinePairCorr

Moving against Golden Stock

  0.79AKER Aker ASAPairCorr
  0.77PRS Prosafe SEPairCorr
  0.75YAR Yara International ASAPairCorr
  0.67SAGA Saga Pure ASAPairCorr
  0.66BWLPG BW LPGPairCorr
  0.63EQNR Equinor ASAPairCorr
  0.48AMSC American ShippingPairCorr
Follow Valuation Odds of Bankruptcy
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Golden Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Golden Ocean's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Golden Ocean or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business ConcentrationShipping & Ports, Industrials (View all Sectors)
Golden Ocean Group (GOGL) is traded on Oslo Stock Exchange in Norway and employs 37 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 19.43 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Golden Ocean's market, we take the total number of its shares issued and multiply it by Golden Ocean's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Golden Ocean Group operates under Industrials sector and is part of Shipping & Ports industry. The entity has 200.42 M outstanding shares. Golden Ocean Group has accumulated about 139.29 M in cash with 560.4 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.97.
Check Golden Ocean Probability Of Bankruptcy
Ownership Allocation
Golden Ocean secures a total of 200.42 Million outstanding shares. Golden Ocean secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Golden Ownership Details

Golden Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Golden Ocean jumping above the current price in 90 days from now is about 8.89%. The Golden Ocean Group probability density function shows the probability of Golden Ocean stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Golden Ocean has a beta of 0.2364. 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 an alpha of 0.5101, implying that it can generate a 0.51 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 136.7HorizonTargetOdds Above 136.7
91.05%90 days
 136.70 
8.89%
Based on a normal probability distribution, the odds of Golden Ocean to move above the current price in 90 days from now is about 8.89 (This Golden Ocean Group probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) .

Golden Ocean Group Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing 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. Although Golden Ocean's alpha and beta are two of the key measurements used to evaluate Golden Ocean's performance over the market, the standard measures of volatility play an important role as well.

Golden Stock Against Markets

Picking the right benchmark for Golden Ocean stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Golden Ocean stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Golden Ocean is critical whether you are bullish or bearish towards Golden Ocean Group at a given time. Please also check how Golden Ocean's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Golden Ocean without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Golden Ocean Corporate Management

Elected by the shareholders, the Golden Ocean's board of directors comprises two types of representatives: Golden Ocean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golden. The board's role is to monitor Golden Ocean's management team and ensure that shareholders' interests are well served. Golden Ocean's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Golden Ocean's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Golden Stock?

Before investing in Golden Ocean, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Golden Ocean. To buy Golden Ocean stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Golden Ocean. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Golden Ocean stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Golden Ocean Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Golden Ocean Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Golden Ocean Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Golden Stock please use our How to Invest in Golden Ocean guide.

Already Invested in Golden Ocean Group?

The danger of trading Golden Ocean Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Golden Ocean is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Golden Ocean. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Golden Ocean Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Golden Stock analysis

When running Golden Ocean's price analysis, check to measure Golden Ocean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Golden Ocean is operating at the current time. Most of Golden Ocean's value examination focuses on studying past and present price action to predict the probability of Golden Ocean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Ocean's price. Additionally, you may evaluate how the addition of Golden Ocean to your portfolios can decrease your overall portfolio volatility.
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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.