Diamond Offshore Backtesting

DO -- USA Stock  

USD 18.39  0.68  3.84%

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
SymbolX
Backtest

Diamond Offshore 'What if' Analysis

September 20, 2018
0.00
No Change 0.00  0.0%
In 30 days
October 20, 2018
0.00
If you would invest  0.00  in Diamond Offshore on September 20, 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

Information Ratio0.14
Maximum Drawdown11.77
Value At Risk3.92
Potential Upside2.49
  

Diamond Offshore Market Premium Indicators

Risk Adjusted Performance0.22
Jensen Alpha0.39
Total Risk Alpha0.13
Treynor Ratio0.66

Diamond Offshore Dri Backtested Returns

Macroaxis considers Diamond Offshore to be not very volatile. Diamond Offshore Dri secures Sharpe Ratio (or Efficiency) of -0.0458 which denotes Diamond Offshore Dri had -0.0458% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Diamond Offshore Drilling exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Diamond Offshore Dri Mean Deviation of 1.83 to check risk estimate we provide. Macroaxis gives Diamond Offshore performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.8009 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.. Even though it is essential to pay attention to Diamond Offshore Dri historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Diamond Offshore Drilling exposes twenty-one different technical indicators which can help you to evaluate its performance. Diamond Offshore Dri has expected return of -0.121%. Please be advised to confirm Diamond Offshore Dri Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Diamond Offshore Dri past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.44) 

Modest reverse predictability

Diamond Offshore Drilling has modest reverse predictability. Overlapping area represents the amount of predictability between Diamond Offshore time series from September 20, 2018 to October 5, 2018 and October 5, 2018 to October 20, 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 -0.44 indicates that just about 44.0% 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-0.44
Spearman Rank Test-0.57
Residual Average0.0
Price Variance0.77

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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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
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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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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