Diamond Offshore Drilling Stock Price on January 24, 2023
| DO Stock | USD 14.42 0.12 0.83% |
If you're considering investing in Diamond Stock, it is important to understand the factors that can impact its price. As of today, the current price of Diamond Offshore stands at 14.42, as last reported on the 11th of May 2024, with the highest price reaching 14.94 and the lowest price hitting 14.22 during the day. Diamond Offshore appears to be not too volatile, given 3 months investment horizon. Diamond Offshore Drilling secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Diamond Offshore Drilling, which you can use to evaluate the volatility of the firm. Please utilize Diamond Offshore's Downside Deviation of 2.66, mean deviation of 2.04, and Semi Deviation of 2.39 to check if our risk estimates are consistent with your expectations.
As of the 11th of May 2024, Common Stock Shares Outstanding is likely to grow to about 107.9 M, while Total Stockholder Equity is likely to drop about 612.6 M. . At this time, Diamond Offshore's Price Book Value Ratio is very stable compared to the past year. As of the 11th of May 2024, Price Earnings To Growth Ratio is likely to grow to 0.32, while Price To Sales Ratio is likely to drop 0.98. Diamond Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Diamond |
Sharpe Ratio = 0.1063
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Estimated Market Risk
| 2.61 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Diamond Offshore is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Diamond Offshore by adding it to a well-diversified portfolio.
Price Book 2.2278 | Enterprise Value Ebitda 13.1346 | Price Sales 1.46 | Shares Float 94.6 M | Wall Street Target Price 19.2 |
Diamond Offshore Valuation on January 24, 2023
It is possible to determine the worth of Diamond Offshore on a given historical date. On January 24, 2023 Diamond was worth 11.81 at the beginning of the trading date compared to the closed value of 11.88. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Diamond Offshore stock. Still, in general, we apply an absolute valuation method to find Diamond Offshore's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Diamond Offshore where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Diamond Offshore's related companies.
| Open | High | Low | Close | Volume | |
| 11.89 | 12.01 | 11.66 | 11.80 | 979,700 | |
01/24/2023 | 11.81 | 11.90 | 11.57 | 11.88 | 566,730 |
| 11.74 | 11.79 | 11.18 | 11.68 | 865,850 |
| Backtest Diamond Offshore | | | Diamond Offshore History | | | Diamond Offshore Valuation | Previous | Next |
Diamond Offshore Trading Date Momentum on January 24, 2023
| On January 25 2023 Diamond Offshore Drilling was traded for 11.68 at the closing time. The highest price during the trading period was 11.79 and the lowest recorded bid was listed for 11.18 . The volume for the day was 865.9 K. This history from January 25, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.68% . The overall trading delta to the current price is 0.42% . |
Diamond Offshore Drilling Fundamentals Correlations and Trends
By evaluating Diamond Offshore's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Diamond Offshore's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Diamond financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Diamond Offshore Stock history
Diamond Offshore investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Diamond is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Diamond Offshore Drilling will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Diamond Offshore stock prices may prove useful in developing a viable investing in Diamond Offshore
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 101.8 M | 107.9 M | |
| Net Loss | -92.9 M | -97.5 M |
Diamond Offshore Quarterly Net Working Capital |
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Diamond Offshore Stock Technical Analysis
Diamond Offshore technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Diamond Offshore Period Price Range
Low | January 24, 2023
| High |
11.81 | 11.88 |
Diamond Offshore May 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Diamond Offshore stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Diamond Offshore shares will generate the highest return on investment. By undertsting and applying Diamond Offshore stock market strength indicators, traders can identify Diamond Offshore Drilling entry and exit signals to maximize returns
| Accumulation Distribution | 15716.04 | |||
| Daily Balance Of Power | 0.2121 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 11.74 | |||
| Day Typical Price | 11.78 | |||
| Price Action Indicator | 0.18 | |||
| Period Momentum Indicator | 2.54 |
Diamond Offshore Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Diamond Offshore's price direction in advance. Along with the technical and fundamental analysis of Diamond Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Diamond to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1011 | |||
| Jensen Alpha | 0.349 | |||
| Total Risk Alpha | 0.0758 | |||
| Sortino Ratio | 0.1184 | |||
| Treynor Ratio | 0.73 |
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| Volume Indicators |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.
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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.
Quarterly Earnings Growth 0.571 | Earnings Share (0.40) | Revenue Per Share 10.07 | Quarterly Revenue Growth 0.207 | Return On Assets 0.0305 |
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.