Diamond Ptb Ratio vs Roic Analysis
DO Stock | USD 12.98 0.44 3.51% |
Diamond Offshore financial indicator trend analysis is much more than just examining Diamond Offshore Drilling latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diamond Offshore Drilling is a good investment. Please check the relationship between Diamond Offshore Ptb Ratio and its Roic accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Offshore Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Ptb Ratio vs Roic
Ptb Ratio vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diamond Offshore Drilling Ptb Ratio account and Roic. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Diamond Offshore's Ptb Ratio and Roic is 0.11. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of Diamond Offshore Drilling, assuming nothing else is changed. The correlation between historical values of Diamond Offshore's Ptb Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Diamond Offshore Drilling are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Ptb Ratio i.e., Diamond Offshore's Ptb Ratio and Roic go up and down completely randomly.
Correlation Coefficient | 0.11 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most indicators from Diamond Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamond Offshore Drilling current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Offshore Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Diamond Offshore's Selling General Administrative is very stable compared to the past year. As of the 5th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.07, while Tax Provision is likely to drop (123.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 1.9B | 229.5M | 72.2M | 68.6M | Cost Of Revenue | 650.9M | 310.9M | 937.3M | 959.4M |
Diamond Offshore fundamental ratios Correlations
Click cells to compare fundamentals
Diamond Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diamond Offshore fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.0B | 5.2B | 1.5B | 1.5B | 1.7B | 1.6B | |
Short Long Term Debt Total | 2.1B | 146.3M | 446.5M | 522.5M | 700.5M | 1.3B | |
Other Current Liab | 204.4M | 111.2M | 123.7M | 172.1M | 217.1M | 251.9M | |
Total Current Liabilities | 302.6M | 201.4M | 232.8M | 261.7M | 296.2M | 380.5M | |
Total Stockholder Equity | 3.2B | 2.0B | 767.7M | 679.7M | 644.9M | 612.6M | |
Property Plant And Equipment Net | 5.3B | 4.3B | 1.2B | 1.1B | 1.2B | 1.1B | |
Net Debt | 2.0B | (284.1M) | 408.1M | 459.4M | 654.2M | 968.9M | |
Retained Earnings | 1.4B | 157.3M | (177.3M) | (280.6M) | (325.3M) | (309.0M) | |
Accounts Payable | 68.6M | 33.4M | 38.7M | 47.6M | 42.0M | 52.9M | |
Cash | 156.3M | 430.4M | 38.4M | 63.0M | 46.4M | 44.1M | |
Non Current Assets Total | 5.6B | 4.6B | 1.3B | 1.2B | 1.3B | 1.2B | |
Non Currrent Assets Other | 55.2M | 65.3M | 84.0M | 68.0M | 82.9M | 87.0M | |
Cash And Short Term Investments | 156.3M | 430.4M | 38.4M | 63.0M | 138.7M | 131.8M | |
Net Receivables | 257.2M | 133.5M | 148.2M | 172.1M | 256.9M | 348.6M | |
Common Stock Shares Outstanding | 137.7M | 138.0M | 100.1M | 100.6M | 101.8M | 107.9M | |
Liabilities And Stockholders Equity | 6.0B | 5.2B | 1.5B | 1.5B | 1.7B | 1.6B | |
Non Current Liabilities Total | 2.5B | 3.0B | 531.0M | 586.6M | 771.6M | 1.4B | |
Other Current Assets | 25.1M | 29.0M | 7.0M | 48.7M | 35.2M | 33.4M | |
Other Stockholder Equity | 1.8B | 1.8B | 945.0M | 960.2M | 970.1M | 921.6M | |
Total Liab | 2.8B | 3.2B | 763.7M | 848.3M | 1.1B | 1.0B | |
Total Current Assets | 456.8M | 605.5M | 271.5M | 318.1M | 435.5M | 860.4M | |
Accumulated Other Comprehensive Income | (2.9B) | (3.2B) | (18K) | 0.0 | 20K | 21K | |
Short Term Debt | 20.0M | 5.1M | 31.9M | 30.4M | 24.4M | 23.2M | |
Common Stock | 1.4M | 1.4M | 1.5M | 10K | 9K | 8.6K | |
Short Term Investments | 35K | 299.8M | 0.0 | 92.3M | 83.1M | 78.9M | |
Current Deferred Revenue | 9.6M | 51.8M | 38.5M | 11.5M | 12.6M | 13.3M | |
Inventory | 18.3M | 12.6M | 78.0M | 34.3M | 4.7M | 4.5M | |
Other Assets | 35.2M | 45.5M | 45.2M | 37.6M | 33.9M | 53.8M | |
Long Term Debt | 2.0B | 0.0 | 266.2M | 360.6M | 533.5M | 906.3M | |
Long Term Debt Total | 2.0B | 0.0 | 414.6M | 492.0M | 442.8M | 420.7M | |
Capital Surpluse | 2.0B | 2.0B | 945.0M | 964.5M | 868.0M | 1.4B | |
Cash And Equivalents | 156.3M | 405.9M | 38.4M | 63.0M | 56.7M | 53.9M | |
Property Plant Equipment | 5.3B | 4.3B | 1.2B | 1.2B | 1.1B | 1.0B | |
Other Liab | 323.5M | 126.7M | 93.6M | 78.0M | 70.2M | 137.9M | |
Net Tangible Assets | 3.2B | 2.0B | 767.7M | 679.7M | 611.7M | 581.1M | |
Deferred Long Term Liab | 4M | 2.2M | 16.1M | 12.9M | 14.8M | 10.6M |
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
0.89 | HP | Helmerich and Payne Fiscal Year End 13th of November 2024 | PairCorr |
0.95 | NE | Noble plc | PairCorr |
Moving against Diamond Stock
0.7 | NC | NACCO Industries | PairCorr |
0.5 | 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Offshore Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
CEOs Directory Screen CEOs from public companies around the world | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |
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.