Diamond Offshore Drilling Stock Z Score
| DO Stock | USD 13.16 0.42 3.09% |
Diamond | Z Score |
Diamond Offshore Drilling Company Z Score Analysis
Diamond Offshore's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
| |||||||
| |||||||
| |||||||
| |||||||
|
Diamond Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Diamond Offshore is extremely important. It helps to project a fair market value of Diamond Stock properly, considering its historical fundamentals such as Z Score. Since Diamond Offshore's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Diamond Offshore's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Diamond Offshore's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
According to the company's disclosures, Diamond Offshore Drilling has a Z Score of 0.0. This is 100.0% lower than that of the Energy Equipment & Services sector and 100.0% lower than that of the Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.
Diamond Offshore Institutional Holders
Institutional Holdings refers to the ownership stake in Diamond Offshore that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Diamond Offshore's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Diamond Offshore's value.| Shares | Neuberger Berman Group Llc | 2023-12-31 | 2.2 M | Geode Capital Management, Llc | 2023-12-31 | 2.2 M | Contrarius Investment Management Ltd | 2023-12-31 | 1.9 M | Webs Creek Capital Management Lp | 2023-12-31 | 1.9 M | Balyasny Asset Management Llc | 2023-12-31 | 1.9 M | State Farm Mutual Automobile Ins Co | 2023-12-31 | 1.8 M | Adage Capital Partners Gp Llc | 2023-12-31 | 1.8 M | Edmond De Rothschild Holding S.a. | 2023-12-31 | 1.8 M | Fmr Inc | 2023-12-31 | 1.4 M | Blackrock Inc | 2023-12-31 | 8.5 M | Key Group Holdings (cayman), Ltd. | 2023-12-31 | 6.9 M |
Diamond Fundamentals
| Return On Equity | -0.0675 | ||||
| Return On Asset | 0.018 | ||||
| Profit Margin | (0.05) % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 1.97 B | ||||
| Shares Outstanding | 102.47 M | ||||
| Shares Owned By Insiders | 1.04 % | ||||
| Shares Owned By Institutions | 91.37 % | ||||
| Number Of Shares Shorted | 4.22 M | ||||
| Price To Earning | 183.80 X | ||||
| Price To Book | 2.23 X | ||||
| Price To Sales | 1.46 X | ||||
| Revenue | 1.06 B | ||||
| Gross Profit | 162.46 M | ||||
| EBITDA | 157.98 M | ||||
| Net Income | (44.71 M) | ||||
| Cash And Equivalents | 63.04 M | ||||
| Cash Per Share | 0.22 X | ||||
| Total Debt | 700.55 M | ||||
| Debt To Equity | 0.69 % | ||||
| Current Ratio | 1.30 X | ||||
| Book Value Per Share | 6.30 X | ||||
| Cash Flow From Operations | 11.78 M | ||||
| Short Ratio | 2.59 X | ||||
| Earnings Per Share | (0.44) X | ||||
| Price To Earnings To Growth | 0.03 X | ||||
| Target Price | 19.2 | ||||
| Number Of Employees | 2.14 K | ||||
| Beta | 1.28 | ||||
| Market Capitalization | 1.39 B | ||||
| Total Asset | 1.71 B | ||||
| Retained Earnings | (325.26 M) | ||||
| Working Capital | 161.27 M | ||||
| Current Asset | 1.03 B | ||||
| Current Liabilities | 115.94 M | ||||
| Five Year Return | 1.23 % | ||||
| Net Asset | 1.71 B |
About Diamond Offshore Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Diamond Offshore Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Diamond Offshore using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Diamond Offshore Drilling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Diamond Offshore in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Diamond Offshore's short interest history, or implied volatility extrapolated from Diamond Offshore options trading.
Pair Trading with Diamond Offshore
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Diamond Offshore position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Diamond Offshore will appreciate offsetting losses from the drop in the long position's value.Moving together with Diamond Stock
| 0.68 | HP | Helmerich and Payne Earnings Call Today | PairCorr |
| 0.95 | NE | Noble plc Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Diamond Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Offshore when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Diamond Offshore - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Diamond Offshore Drilling to buy it.
The correlation of Diamond Offshore is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diamond Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Offshore Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Diamond Offshore can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Diamond Offshore Piotroski F Score and Diamond Offshore Valuation analysis. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |
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.