Golden Ocean Stock Forecast - Day Median Price
| GOGL Stock | NOK 154.55 4.00 2.66% |
Golden Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Golden Ocean stock prices and determine the direction of Golden Ocean Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Golden Ocean's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Golden Ocean to cross-verify your projections. Golden |
Most investors in Golden Ocean cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Golden Ocean's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Golden Ocean's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 153.13 | 153.13 |
| Check Golden Ocean Volatility | Backtest Golden Ocean | Information Ratio |
Golden Ocean Trading Date Momentum
| On April 29 2024 Golden Ocean Group was traded for 154.55 at the closing time. The highest price during the trading period was 154.80 and the lowest recorded bid was listed for 151.45 . There was no trading activity during the period 0.0. Lack of trading volume on April 29, 2024 did not cause price change. The overall trading delta to the current price is 1.65% . |
The median price is the midpoint of the trading periods range.
| Compare Golden Ocean to competition |
Other Forecasting Options for Golden Ocean
For every potential investor in Golden, whether a beginner or expert, Golden Ocean's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Golden Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Golden. Basic forecasting techniques help filter out the noise by identifying Golden Ocean's price trends.Golden Ocean Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Golden Ocean stock to make a market-neutral strategy. Peer analysis of Golden Ocean could also be used in its relative valuation, which is a method of valuing Golden Ocean by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Golden Ocean Group Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Golden Ocean's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Golden Ocean's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Golden Ocean Market Strength Events
Market strength 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 undertsting and applying Golden Ocean stock market strength indicators, traders can identify Golden Ocean Group entry and exit signals to maximize returns.
Golden Ocean Risk Indicators
The analysis of Golden Ocean's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Golden Ocean's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting golden stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.75 | |||
| Semi Deviation | 1.15 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.96 | |||
| Downside Variance | 2.4 | |||
| Semi Variance | 1.31 | |||
| Expected Short fall | (2.15) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Golden Ocean to cross-verify your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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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