Diamond Offshore Backtesting

Diamond Offshore Drilling Inc -- USA Stock  

USD 19.63  0.36  1.87%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Diamond Offshore Drilling Inc 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

Diamond Offshore 'What if' Analysis

December 23, 2017
No Change 0.00  0.0%
In 30 days
January 22, 2018
If you would invest  0.00  in Diamond Offshore on December 23, 2017 and sell it all today you would earn a total of 0.00 from holding Diamond Offshore Drilling Inc or generate 0.0% return on investment in Diamond Offshore over 30 days. Diamond Offshore is related to or competes with Antero Resources, Helmerich Payne, Noble plc, Parsley Energy, and Diamondback Energy. It offer services in floater market, including ultradeepwater, deepwater, and midwater

Diamond Offshore Upside/Downside Indicators


Diamond Offshore Market Premium Indicators

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 Dri Backtested Returns

Macroaxis considers Diamond Offshore not very risky given 1 month investment horizon. Diamond Offshore Dri secures Sharpe Ratio (or Efficiency) of 0.0994 which denotes Diamond Offshore Dri had 0.0994% 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 company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Diamond Offshore Drilling Inc which you can use to evaluate future volatility of the firm. Please utilize Diamond Offshore Dri Semi Deviation of 1.91, Mean Deviation of 1.81 and Downside Deviation of 2.43 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Diamond Offshore holds performance score of 6. The firm shows Beta (market volatility) of 0.399 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 extremely important to respect Diamond Offshore Dri historical returns, it is better to be realistic regarding the information on 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 0.2226% 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(0.31) 

Poor reverse predictability

Diamond Offshore Drilling Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Diamond Offshore time series from December 23, 2017 to January 7, 2018 and January 7, 2018 to January 22, 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 -0.31 indicates that nearly 31.0% of current Diamond Offshore price fluctuation can be explain by its past prices. Given that Diamond Offshore Drilling Inc 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 -0.31
Spearman Rank Test -0.33
Price Variance 0.07
Lagged Price Variance 0.23

Diamond Offshore Lagged Returns

 Regressed Prices 

Diamond Offshore Performance vs DOW

The median price of Diamond Offshore for the period between Sat, Dec 23, 2017 and Mon, Jan 22, 2018 is 19.27 with a coefficient of variation of 4.62. The daily time series for the period is distributed with a sample standard deviation of 0.88, arithmetic mean of 19.01, and mean deviation of 0.7. The Stock received some media coverage during the period.
Price Growth (%)  
Analysts See 0.03 EPS for Diamond Offshore Drilling, Inc. Ca...01/19/2018