Diamond Offshore Stock Forecast - 20 Period Moving Average
| DO Stock | USD 13.05 0.15 1.14% |
The 20 Period Moving Average forecasted value of Diamond Offshore Drilling on the next trading day is expected to be 13.64 with a mean absolute deviation of 0.69 and the sum of the absolute errors of 29.09. Diamond Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Diamond Offshore stock prices and determine the direction of Diamond Offshore Drilling's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Diamond Offshore's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Diamond Offshore's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Diamond Offshore's systematic risk associated with finding meaningful patterns of Diamond Offshore fundamentals over time.
Check out Historical Fundamental Analysis of Diamond Offshore to cross-verify your projections. Diamond |
Most investors in Diamond Offshore 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 Diamond Offshore's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Diamond Offshore's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Diamond Offshore Drilling is based on a synthetically constructed Diamond Offshoredaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Diamond Offshore 20 Period Moving Average Price Forecast For the 1st of May
Given 90 days horizon, the 20 Period Moving Average forecasted value of Diamond Offshore Drilling on the next trading day is expected to be 13.64 with a mean absolute deviation of 0.69, mean absolute percentage error of 0.61, and the sum of the absolute errors of 29.09.Please note that although there have been many attempts to predict Diamond Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Diamond Offshore's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Diamond Offshore Stock Forecast Pattern
| Backtest Diamond Offshore | Diamond Offshore Price Prediction | Buy or Sell Advice |
Diamond Offshore Forecasted Value
In the context of forecasting Diamond Offshore's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Diamond Offshore's downside and upside margins for the forecasting period are 11.25 and 16.03, respectively. We have considered Diamond Offshore's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Diamond Offshore stock data series using in forecasting. Note that when a statistical model is used to represent Diamond Offshore stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 82.692 |
| Bias | Arithmetic mean of the errors | -0.3776 |
| MAD | Mean absolute deviation | 0.6925 |
| MAPE | Mean absolute percentage error | 0.0516 |
| SAE | Sum of the absolute errors | 29.0855 |
Predictive Modules for Diamond Offshore
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Diamond Offshore Drilling. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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.
Other Forecasting Options for Diamond Offshore
For every potential investor in Diamond, whether a beginner or expert, Diamond Offshore's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Diamond Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Diamond. Basic forecasting techniques help filter out the noise by identifying Diamond Offshore's price trends.Diamond Offshore 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 Diamond Offshore stock to make a market-neutral strategy. Peer analysis of Diamond Offshore could also be used in its relative valuation, which is a method of valuing Diamond Offshore by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Diamond Offshore Drilling 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 Diamond Offshore'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 Diamond Offshore's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Diamond Offshore Market Strength Events
Market strength indicators help investors to evaluate how Diamond Offshore stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Diamond Offshore shares will generate the highest return on investment. By undertsting and applying Diamond Offshore stock market strength indicators, traders can identify Diamond Offshore Drilling entry and exit signals to maximize returns.
| Accumulation Distribution | 33003.83 | |||
| Daily Balance Of Power | (0.38) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 13.16 | |||
| Day Typical Price | 13.12 | |||
| Price Action Indicator | (0.18) | |||
| Period Momentum Indicator | (0.15) | |||
| Relative Strength Index | 49.47 |
Diamond Offshore Risk Indicators
The analysis of Diamond Offshore'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 Diamond Offshore's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting diamond 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 | 1.87 | |||
| Semi Deviation | 2.27 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.56 | |||
| Downside Variance | 5.59 | |||
| Semi Variance | 5.16 | |||
| Expected Short fall | (1.94) |
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.
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
| 0.76 | HP | Helmerich and Payne Fiscal Year End 13th of November 2024 | PairCorr |
| 0.95 | NE | Noble plc Earnings Call This Week | PairCorr |
Moving against Diamond Stock
| 0.41 | EP | Empire Petroleum Corp | 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.Check out Historical Fundamental Analysis of Diamond Offshore to cross-verify your projections. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Diamond Stock analysis
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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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.