Diamond Offshore Backtesting

DO -- USA Stock  

USD 17.07  1.34  7.28%

With this equity back-testing module your 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 given investment horizon. Additionally see Diamond Offshore Hype Analysis, Diamond Offshore Correlation, Diamond Offshore Valuation, Diamond Offshore Volatility as well as analyze Diamond Offshore Alpha and Beta and Diamond Offshore Performance.
Horizon     30 Days    Login   to change

Diamond Offshore 'What if' Analysis

August 22, 2018
No Change 0.00  0.0%
In 31 days
September 21, 2018
If you would invest  0.00  in Diamond Offshore on August 22, 2018 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 Helmerich Payne, Noble plc, Camber Energy, Ensco plc, Independence Contract, and Nabors Industries. Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide

Diamond Offshore Upside/Downside Indicators

Downside Deviation2.24
Information Ratio0.1042
Maximum Drawdown6.61
Value At Risk3.08
Potential Upside3.5

Diamond Offshore Market Premium Indicators

Risk Adjusted Performance0.0667
Jensen Alpha0.1557
Total Risk Alpha0.21
Sortino Ratio0.1091
Treynor Ratio0.172

Diamond Offshore Dri Backtested Returns

Macroaxis considers Diamond Offshore not very risky given 1 month investment horizon. Diamond Offshore Dri secures Sharpe Ratio (or Efficiency) of 0.1122 which denotes Diamond Offshore Dri had 0.1122% of return per unit of standard deviation over the last 1 month. Our philosophy in predicting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Diamond Offshore Drilling which you can use to evaluate future volatility of the firm. Please utilize Diamond Offshore Dri Semi Deviation of 2.03, Mean Deviation of 1.92 and Downside Deviation of 2.24 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Diamond Offshore holds performance score of 7. The firm shows Beta (market volatility) of 1.9547 which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Diamond Offshore will likely underperform.. Although it is vital to follow to Diamond Offshore Dri historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy in predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing Diamond Offshore Dri technical indicators you can presently evaluate if the expected return of 0.2656% will be sustainable into the future. Please utilizes Diamond Offshore Dri Information Ratio, and the relationship between Downside Deviation and Value At Risk to make a quick decision on weather Diamond Offshore price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.57) 

Good reverse predictability

Diamond Offshore Drilling has good reverse predictability. Overlapping area represents the amount of predictability between Diamond Offshore time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 2018. 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 Dri price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Diamond Offshore price fluctuation can be explain by its past prices. Given that Diamond Offshore Drilling has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Diamond Offshore for similar time interval.
Correlation Coefficient-0.57
Spearman Rank Test-0.42
Residual Average0.0
Price Variance0.48

Diamond Offshore Dri lagged returns against current returns

 Current and Lagged Values 

Diamond Offshore regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Diamond Offshore Lagged Returns

 Regressed Prices 

Current Sentiment - DO

Diamond Offshore Dri Investor Sentiment

Larger part of Macroaxis users are currently bullish on Diamond Offshore Drilling. What is your opinion about investing in Diamond Offshore Drilling? Are you bullish or bearish?
98% Bullish
2% Bearish

Diamond Offshore Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Diamond Offshore and Helmerich Payne. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Additionally see Diamond Offshore Hype Analysis, Diamond Offshore Correlation, Diamond Offshore Valuation, Diamond Offshore Volatility as well as analyze Diamond Offshore Alpha and Beta and Diamond Offshore Performance. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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