Diamond Offshore Drilling Stock Market Value

DO Stock  USD 13.44  0.30  2.28%   
Diamond Offshore's market value is the price at which a share of Diamond Offshore trades on a public exchange. It measures the collective expectations of Diamond Offshore Drilling investors about its performance. Diamond Offshore is selling at 13.44 as of the 28th of March 2024; that is 2.28 percent increase since the beginning of the trading day. The stock's open price was 13.14.
With this module, you can estimate the performance of a buy and hold strategy of Diamond Offshore Drilling and determine expected loss or profit from investing in Diamond Offshore over a given investment horizon. Check out Diamond Offshore Correlation, Diamond Offshore Volatility and Diamond Offshore Alpha and Beta module to complement your research on Diamond Offshore.
Symbol

Diamond Offshore Drilling Price To Book Ratio

Is Diamond Offshore's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamond Offshore. If investors know Diamond will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamond Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.44)
Revenue Per Share
9.662
Quarterly Revenue Growth
0.346
Return On Assets
0.018
Return On Equity
(0.07)
The market value of Diamond Offshore Drilling is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Offshore's value that differs from its market value or its book value, called intrinsic value, which is Diamond Offshore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamond Offshore's market value can be influenced by many factors that don't directly affect Diamond Offshore's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Diamond Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Offshore'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.

Diamond Offshore 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Diamond Offshore's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Diamond Offshore.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Diamond Offshore on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Diamond Offshore Drilling or generate 0.0% return on investment in Diamond Offshore over 30 days. Diamond Offshore is related to or competes with Silvercrest Asset, Saratoga Investment, Bridgford Foods, US Global, LanzaTech Global, AMCON Distributing, and Where Food. Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide More

Diamond Offshore Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Diamond Offshore's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Diamond Offshore Drilling upside and downside potential and time the market with a certain degree of confidence.

Diamond Offshore Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Offshore's standard deviation. In reality, there are many statistical measures that can use Diamond Offshore historical prices to predict the future Diamond Offshore's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diamond Offshore's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
11.1013.4415.78
Details
Intrinsic
Valuation
LowRealHigh
13.0915.4317.77
Details
Naive
Forecast
LowNextHigh
10.7413.0815.42
Details
6 Analysts
Consensus
LowTargetHigh
16.3818.0019.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Diamond Offshore. Your research has to be compared to or analyzed against Diamond Offshore's peers to derive any actionable benefits. When done correctly, Diamond Offshore's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Diamond Offshore Drilling.

Diamond Offshore Drilling Backtested Returns

We consider Diamond Offshore not too volatile. Diamond Offshore Drilling secures Sharpe Ratio (or Efficiency) of 0.0348, which denotes the company had a 0.0348% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Diamond Offshore Drilling, which you can use to evaluate the volatility of the firm. Please confirm Diamond Offshore's Mean Deviation of 1.8, semi deviation of 2.31, and Downside Deviation of 2.41 to check if the risk estimate we provide is consistent with the expected return of 0.0819%. Diamond Offshore has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.53, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Diamond Offshore will likely underperform. Diamond Offshore Drilling right now shows a risk of 2.35%. Please confirm Diamond Offshore Drilling value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Diamond Offshore Drilling will be following its price patterns.

Auto-correlation

    
  0.42  

Average predictability

Diamond Offshore Drilling has average predictability. Overlapping area represents the amount of predictability between Diamond Offshore time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Diamond Offshore Drilling price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Diamond Offshore price fluctuation can be explain by its past prices.
Correlation Coefficient0.42
Spearman Rank Test0.56
Residual Average0.0
Price Variance0.04

Diamond Offshore Drilling lagged returns against current returns

Autocorrelation, which is Diamond Offshore stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Diamond Offshore's stock expected returns. We can calculate the autocorrelation of Diamond Offshore returns to help us make a trade decision. For example, suppose you find that Diamond Offshore has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Diamond Offshore regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Diamond Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Offshore stock over time.
   Current vs Lagged Prices   
       Timeline  

Diamond Offshore Lagged Returns

When evaluating Diamond Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamond Offshore stock have on its future price. Diamond Offshore autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Diamond Offshore autocorrelation shows the relationship between Diamond Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in Diamond Offshore Drilling.
   Regressed Prices   
       Timeline  

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 Diamond Offshore 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, Diamond Offshore's short interest history, or implied volatility extrapolated from Diamond Offshore options trading.

Pair Trading with Diamond Offshore

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Diamond Offshore position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Diamond Offshore will appreciate offsetting losses from the drop in the long position's value.

Moving together with Diamond Stock

  0.87NE Noble Plc Financial Report 1st of May 2024 PairCorr
  0.66NBR Nabors Industries Financial Report 22nd of April 2024 PairCorr
The ability to find closely correlated positions to Diamond Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Offshore when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Diamond Offshore - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Diamond Offshore Drilling to buy it.
The correlation of Diamond Offshore is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diamond Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Offshore Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Diamond Offshore can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Diamond Offshore Drilling offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Diamond Offshore's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Diamond Offshore Drilling Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Diamond Offshore Drilling Stock:
Check out Diamond Offshore Correlation, Diamond Offshore Volatility and Diamond Offshore Alpha and Beta module to complement your research on Diamond Offshore.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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When running Diamond Offshore's price analysis, check to measure Diamond Offshore'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 Diamond Offshore is operating at the current time. Most of Diamond Offshore's value examination focuses on studying past and present price action to predict the probability of Diamond Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Offshore's price. Additionally, you may evaluate how the addition of Diamond Offshore to your portfolios can decrease your overall portfolio volatility.
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Diamond Offshore 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 Diamond Offshore technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Diamond Offshore 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...