Diamond Offshore Backtesting

Diamond Offshore Drilling -- USA Stock  

USD 19.26  0.07  0.36%

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.
 Time Horizon     30 Days    Login   to change
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Diamond Offshore 'What if' Analysis

February 24, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 25, 2018
0.00
If you would invest  0.00  in Diamond Offshore on February 24, 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 60 days. Diamond Offshore is related to or competes with Antero Resources, Helmerich Payne, Noble plc, Parsley Energy, Diamondback Energy, and CONTINENTAL RESRC. Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide

Diamond Offshore Upside/Downside Indicators

Downside Deviation2.67
Information Ratio0.2191
Maximum Drawdown12.77
Value At Risk3.97
Potential Upside6.72
  

Diamond Offshore Market Premium Indicators

Risk Adjusted Performance0.3553
Jensen Alpha0.6768
Total Risk Alpha0.7318
Sortino Ratio0.2627
Treynor Ratio2.88

Diamond Offshore Dri Backtested Returns

Macroaxis considers Diamond Offshore not very volatile given 2 months investment horizon. Diamond Offshore Dri secures Sharpe Ratio (or Efficiency) of 0.1758 which denotes Diamond Offshore Dri had 0.1758% of return per unit of standard deviation over the last 2 months. Our philosophy in predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By reviewing Diamond Offshore Dri technical indicators you can presently evaluate if the expected return of 0.5631% is justified by implied risk. Please utilize Diamond Offshore Dri Semi Deviation of 2.09, Mean Deviation of 2.39 and Downside Deviation of 2.67 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Diamond Offshore holds performance score of 11. The firm shows Beta (market volatility) of 0.2324 which denotes to the fact that as returns on market increase, Diamond Offshore returns are expected to increase less than the market. However during bear market, the loss on holding Diamond Offshore will be expected to be smaller as well.. 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. We have found twenty-one technical indicators for Diamond Offshore Drilling which you can use to evaluate performance of the firm. 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 0.51 

Modest predictability

Diamond Offshore Drilling has modest predictability. Overlapping area represents the amount of predictability between Diamond Offshore time series from February 24, 2018 to March 26, 2018 and March 26, 2018 to April 25, 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 0.51 indicates that about 51.0% of current Diamond Offshore price fluctuation can be explain by its past prices.
Correlation Coefficient 0.51
Spearman Rank Test 0.33
Price Variance 3.65
Lagged Price Variance 0.17

Diamond Offshore Dri lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Diamond Offshore regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Diamond Offshore Lagged Returns

 Regressed Prices 
      Timeline 

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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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.