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GOGL vs. ASC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Performance

GOGL vs. ASC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Golden Ocean Group Limited (GOGL) and Ardmore Shipping Corporation (ASC). The values are adjusted to include any dividend payments, if applicable.

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-12.16%
-44.57%
GOGL
ASC

Returns By Period

In the year-to-date period, GOGL achieves a 30.26% return, which is significantly higher than ASC's -8.36% return. Over the past 10 years, GOGL has underperformed ASC with an annualized return of -2.44%, while ASC has yielded a comparatively higher 4.02% annualized return.


GOGL

YTD

30.26%

1M

7.64%

6M

-12.16%

1Y

45.53%

5Y (annualized)

29.26%

10Y (annualized)

-2.44%

ASC

YTD

-8.36%

1M

-25.56%

6M

-44.57%

1Y

-2.34%

5Y (annualized)

11.34%

10Y (annualized)

4.02%

Fundamentals


GOGLASC
Market Cap$2.39B$519.26M
EPS$1.07$3.54
PE Ratio11.153.48
PEG Ratio131.35-6.04
Total Revenue (TTM)$751.03M$445.07M
Gross Profit (TTM)$272.97M$197.12M
EBITDA (TTM)$363.20M$199.62M

Key characteristics


GOGLASC
Sharpe Ratio1.74-0.04
Sortino Ratio2.410.20
Omega Ratio1.291.02
Calmar Ratio0.78-0.03
Martin Ratio4.58-0.10
Ulcer Index14.00%16.03%
Daily Std Dev36.87%35.42%
Max Drawdown-96.87%-80.11%
Current Drawdown-74.14%-45.49%

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Correlation

-0.50.00.51.00.3

The correlation between GOGL and ASC is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

GOGL vs. ASC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Golden Ocean Group Limited (GOGL) and Ardmore Shipping Corporation (ASC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for GOGL, currently valued at 1.74, compared to the broader market-4.00-2.000.002.004.001.74-0.04
The chart of Sortino ratio for GOGL, currently valued at 2.41, compared to the broader market-4.00-2.000.002.004.002.410.20
The chart of Omega ratio for GOGL, currently valued at 1.29, compared to the broader market0.501.001.502.001.291.02
The chart of Calmar ratio for GOGL, currently valued at 0.82, compared to the broader market0.002.004.006.000.82-0.03
The chart of Martin ratio for GOGL, currently valued at 4.58, compared to the broader market-10.000.0010.0020.0030.004.58-0.10
GOGL
ASC

The current GOGL Sharpe Ratio is 1.74, which is higher than the ASC Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of GOGL and ASC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
1.74
-0.04
GOGL
ASC

Dividends

GOGL vs. ASC - Dividend Comparison

GOGL's dividend yield for the trailing twelve months is around 8.45%, less than ASC's 8.60% yield.


TTM20232022202120202019201820172016201520142013
GOGL
Golden Ocean Group Limited
8.45%5.12%27.04%17.20%1.08%5.60%7.32%0.00%0.00%0.00%15.34%8.47%
ASC
Ardmore Shipping Corporation
8.60%8.16%0.00%0.00%1.53%0.00%0.00%0.00%5.41%4.80%3.34%0.42%

Drawdowns

GOGL vs. ASC - Drawdown Comparison

The maximum GOGL drawdown since its inception was -96.87%, which is greater than ASC's maximum drawdown of -80.11%. Use the drawdown chart below to compare losses from any high point for GOGL and ASC. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-68.42%
-45.49%
GOGL
ASC

Volatility

GOGL vs. ASC - Volatility Comparison

The current volatility for Golden Ocean Group Limited (GOGL) is 8.54%, while Ardmore Shipping Corporation (ASC) has a volatility of 10.63%. This indicates that GOGL experiences smaller price fluctuations and is considered to be less risky than ASC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%JuneJulyAugustSeptemberOctoberNovember
8.54%
10.63%
GOGL
ASC

Financials

GOGL vs. ASC - Financials Comparison

This section allows you to compare key financial metrics between Golden Ocean Group Limited and Ardmore Shipping Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items