Diamond Offshore Drilling Stock Price Prediction
| DO Stock | USD 12.86 0.15 1.15% |
Oversold Vs Overbought
68
Oversold | Overbought |
Diamond Offshore Drilling stock price prediction is an act of determining the future value of Diamond Offshore shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Diamond Offshore's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Diamond Offshore and does not consider all of the tangible or intangible factors available from Diamond Offshore's fundamental data. We analyze noise-free headlines and recent hype associated with Diamond Offshore Drilling, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Diamond Offshore's stock price prediction:EPS Estimate Next Quarter 0.16 | EPS Estimate Current Year 0.4 | EPS Estimate Next Year 1.93 | Wall Street Target Price 19.2 | EPS Estimate Current Quarter 0.12 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Diamond Offshore based on different types of headlines from major news networks to social media. The Diamond stock price prediction module provides an analysis of price elasticity to changes in media outlook on Diamond Offshore over a specific investment horizon. Using Diamond Offshore hype-based prediction, you can estimate the value of Diamond Offshore Drilling from the perspective of Diamond Offshore response to recently generated media hype and the effects of current headlines on its competitors.
This module is based on analyzing investor sentiment around taking a position in Diamond Offshore. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Diamond Offshore to buy its stock at a price that has no basis in reality. In that case, they are not buying Diamond because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Diamond Offshore after-hype prediction price | USD 12.88 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Diamond |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diamond Offshore's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Diamond Offshore After-Hype Price Prediction Density Analysis
As far as predicting the price of Diamond Offshore at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Diamond Offshore or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Diamond Offshore, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Diamond Offshore Estimiated After-Hype Price Volatility
In the context of predicting Diamond Offshore's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Diamond Offshore's historical news coverage. Diamond Offshore's after-hype downside and upside margins for the prediction period are 10.53 and 15.23, respectively. We have considered Diamond Offshore's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Diamond Offshore is not too volatile at this time. Analysis and calculation of next after-hype price of Diamond Offshore Drilling is based on 3 months time horizon.
Diamond Offshore Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Diamond Offshore is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Diamond Offshore backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Diamond Offshore, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.06 | 2.35 | 0.02 | 0.01 | 10 Events / Month | 7 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
12.86 | 12.88 | 0.16 |
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Diamond Offshore Hype Timeline
As of April 19, 2024 Diamond Offshore Drilling is listed for 12.86. The entity has historical hype elasticity of 0.02, and average elasticity to hype of competition of 0.01. Diamond is estimated to increase in value after the next headline, with the price projected to jump to 12.88 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is projected to be 0.16%, whereas the daily expected return is currently at 0.06%. The volatility of related hype on Diamond Offshore is about 2517.86%, with the expected price after the next announcement by competition of 12.87. The company generated the yearly revenue of 1.06 B. Annual Net Loss to common stockholders was (44.71 M) with gross profit of 162.46 M. Allowing for the 90-day total investment horizon the next estimated press release will be in about 10 days. Check out Diamond Offshore Basic Forecasting Models to cross-verify your projections.Diamond Offshore Related Hype Analysis
Having access to credible news sources related to Diamond Offshore's direct competition is more important than ever and may enhance your ability to predict Diamond Offshore's future price movements. Getting to know how Diamond Offshore's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Diamond Offshore may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SDRL | Seadrill Limited | (0.11) | 8 per month | 1.37 | 0.05 | 3.57 | (2.64) | 7.62 | |
| NBR | Nabors Industries | (0.75) | 9 per month | 2.53 | 0.01 | 4.53 | (3.79) | 12.02 | |
| BORR | Borr Drilling | 0.18 | 8 per month | 0.00 | (0.06) | 3.69 | (6.87) | 17.00 | |
| PTEN | Patterson UTI Energy | (0.17) | 9 per month | 1.75 | 0.06 | 3.86 | (3.26) | 17.29 | |
| NE | Noble plc | 0.58 | 8 per month | 1.33 | 0.01 | 3.10 | (2.29) | 6.47 | |
| RIG | Transocean | 0.08 | 11 per month | 2.40 | 0 | 4.55 | (3.89) | 12.42 | |
| ICD | Independence Contract Drilling | (0.02) | 6 per month | 0.00 | (0.04) | 3.40 | (4.57) | 18.25 | |
| HP | Helmerich and Payne | (0.09) | 11 per month | 1.25 | 0.14 | 3.08 | (2.39) | 15.78 | |
| PDS | Precision Drilling | 1.14 | 11 per month | 1.89 | 0.12 | 4.39 | (2.97) | 10.90 |
Diamond Offshore Additional Predictive Modules
Most predictive techniques to examine Diamond price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Diamond using various technical indicators. When you analyze Diamond charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Diamond Offshore Predictive Indicators
The successful prediction of Diamond Offshore stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Diamond Offshore Drilling, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Diamond Offshore based on analysis of Diamond Offshore hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Diamond Offshore's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Diamond Offshore's related companies. | 2023 | 2024 (projected) | PTB Ratio | 2.05 | 2.16 | Dividend Yield | 3.2E-5 | 3.0E-5 |
Story Coverage note for Diamond Offshore
The number of cover stories for Diamond Offshore depends on current market conditions and Diamond Offshore's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Diamond Offshore is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Diamond Offshore's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Diamond Offshore Short Properties
Diamond Offshore's future price predictability will typically decrease when Diamond Offshore's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Diamond Offshore Drilling often depends not only on the future outlook of the potential Diamond Offshore's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Diamond Offshore's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 101.8 M | |
| Cash And Short Term Investments | 138.7 M |
Check out Diamond Offshore Basic Forecasting Models to cross-verify your projections. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.
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.