Diamond Common Stock vs Short Term Investments Analysis

DO Stock

USD 13.20 0.19 1.46%

Diamond Offshore financial indicator trend analysis is much more than just examining Diamond Offshore Drilling latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diamond Offshore Drilling is a good investment. Please check the relationship between Diamond Offshore Common Stock and its Short Term Investments accounts. 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.

Common Stock vs Short Term Investments

Common Stock vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diamond Offshore Drilling Common Stock account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.

The correlation between Diamond Offshore's Common Stock and Short Term Investments is 0.27. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Diamond Offshore Drilling, assuming nothing else is changed. The correlation between historical values of Diamond Offshore's Common Stock and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Diamond Offshore Drilling are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock i.e., Diamond Offshore's Common Stock and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Common Stock

Short Term Investments

Short Term Investments is an item under the current assets section of Diamond Offshore balance sheet. It contains any investments Diamond Offshore Drilling undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Diamond Offshore Drilling can easily liquidate in the marketplace.

Most indicators from Diamond Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamond Offshore Drilling current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.

At this time, Diamond Offshore's Selling General Administrative is very stable compared to the past year. As of the 27th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.07, while Tax Provision is likely to drop (123.6 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	1.9B	229.5M	72.2M	68.6M
Cost Of Revenue	650.9M	310.9M	937.3M	959.4M

Total Operating Expenses Cost Of Revenue

Diamond Offshore fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Current Deferred Revenue	Inventory
Total Assets		0.8	0.65	0.65	0.98	0.96	0.74	0.96	0.53	0.72	0.97	-0.71	0.6	0.59	-0.35	0.9	0.9	0.76	0.91	0.95	0.63	0.69	0.91	0.42	0.42	-0.36
Short Long Term Debt Total	0.8		0.68	0.66	0.81	0.82	0.99	0.83	0.45	0.3	0.81	-0.51	0.36	0.54	-0.44	0.63	0.7	0.67	0.78	0.72	0.45	0.54	0.64	0.22	0.42	-0.39
Other Current Liab	0.65	0.68		0.91	0.63	0.53	0.64	0.69	0.78	0.35	0.53	-0.66	0.61	0.86	-0.48	0.34	0.55	0.58	0.64	0.61	0.72	0.78	0.32	0.5	0.54	-0.43
Total Current Liabilities	0.65	0.66	0.91		0.62	0.59	0.63	0.67	0.83	0.26	0.58	-0.74	0.47	0.77	-0.33	0.36	0.54	0.51	0.65	0.65	0.57	0.86	0.35	0.4	0.4	-0.27
Total Stockholder Equity	0.98	0.81	0.63	0.62		0.93	0.76	0.99	0.53	0.66	0.93	-0.77	0.6	0.63	-0.27	0.89	0.8	0.82	0.95	0.87	0.65	0.71	0.9	0.45	0.33	-0.29
Property Plant And Equipment Net	0.96	0.82	0.53	0.59	0.93		0.77	0.9	0.45	0.62	1.0	-0.6	0.36	0.44	-0.35	0.89	0.89	0.71	0.87	0.93	0.4	0.58	0.92	0.17	0.39	-0.36
Net Debt	0.74	0.99	0.64	0.63	0.76	0.77		0.79	0.43	0.16	0.75	-0.47	0.27	0.48	-0.4	0.55	0.61	0.61	0.73	0.64	0.36	0.51	0.57	0.16	0.36	-0.32
Retained Earnings	0.96	0.83	0.69	0.67	0.99	0.9	0.79		0.58	0.6	0.9	-0.8	0.61	0.69	-0.27	0.83	0.75	0.84	0.96	0.82	0.67	0.76	0.84	0.48	0.34	-0.26
Accounts Payable	0.53	0.45	0.78	0.83	0.53	0.45	0.43	0.58		0.22	0.46	-0.8	0.41	0.69	0.02	0.36	0.34	0.44	0.5	0.47	0.5	0.71	0.32	0.41	0.08	-0.11
Cash	0.72	0.3	0.35	0.26	0.66	0.62	0.16	0.6	0.22		0.64	-0.44	0.66	0.38	-0.31	0.72	0.77	0.6	0.57	0.76	0.64	0.35	0.72	0.46	0.4	-0.34
Non Current Assets Total	0.97	0.81	0.53	0.58	0.93	1.0	0.75	0.9	0.46	0.64		-0.61	0.37	0.45	-0.35	0.9	0.89	0.7	0.86	0.94	0.41	0.58	0.93	0.18	0.39	-0.36
Non Currrent Assets Other	-0.71	-0.51	-0.66	-0.74	-0.77	-0.6	-0.47	-0.8	-0.8	-0.44	-0.61		-0.62	-0.73	-0.17	-0.62	-0.42	-0.73	-0.8	-0.57	-0.68	-0.83	-0.58	-0.61	0.06	0.06
Cash And Short Term Investments	0.6	0.36	0.61	0.47	0.6	0.36	0.27	0.61	0.41	0.66	0.37	-0.62		0.66	-0.2	0.47	0.49	0.5	0.56	0.53	0.97	0.6	0.43	0.96	0.27	-0.2
Net Receivables	0.59	0.54	0.86	0.77	0.63	0.44	0.48	0.69	0.69	0.38	0.45	-0.73	0.66		-0.25	0.4	0.43	0.58	0.61	0.49	0.79	0.87	0.34	0.59	0.35	-0.36
Good Will	-0.35	-0.44	-0.48	-0.33	-0.27	-0.35	-0.4	-0.27	0.02	-0.31	-0.35	-0.17	-0.2	-0.25		-0.04	-0.52	-0.22	-0.24	-0.45	-0.25	-0.22	-0.12	0.02	-0.98	0.36
Common Stock Shares Outstanding	0.9	0.63	0.34	0.36	0.89	0.89	0.55	0.83	0.36	0.72	0.9	-0.62	0.47	0.4	-0.04		0.83	0.65	0.79	0.85	0.48	0.47	0.99	0.32	0.11	-0.35
Non Current Liabilities Total	0.9	0.7	0.55	0.54	0.8	0.89	0.61	0.75	0.34	0.77	0.89	-0.42	0.49	0.43	-0.52	0.83		0.55	0.7	0.97	0.52	0.47	0.84	0.26	0.56	-0.54
Other Current Assets	0.76	0.67	0.58	0.51	0.82	0.71	0.61	0.84	0.44	0.6	0.7	-0.73	0.5	0.58	-0.22	0.65	0.55		0.89	0.61	0.58	0.56	0.65	0.35	0.27	-0.26
Other Stockholder Equity	0.91	0.78	0.64	0.65	0.95	0.87	0.73	0.96	0.5	0.57	0.86	-0.8	0.56	0.61	-0.24	0.79	0.7	0.89		0.78	0.62	0.73	0.8	0.43	0.31	-0.26
Total Liab	0.95	0.72	0.61	0.65	0.87	0.93	0.64	0.82	0.47	0.76	0.94	-0.57	0.53	0.49	-0.45	0.85	0.97	0.61	0.78		0.55	0.6	0.87	0.33	0.51	-0.45
Total Current Assets	0.63	0.45	0.72	0.57	0.65	0.4	0.36	0.67	0.5	0.64	0.41	-0.68	0.97	0.79	-0.25	0.48	0.52	0.58	0.62	0.55		0.68	0.43	0.91	0.33	-0.28
Short Term Debt	0.69	0.54	0.78	0.86	0.71	0.58	0.51	0.76	0.71	0.35	0.58	-0.83	0.6	0.87	-0.22	0.47	0.47	0.56	0.73	0.6	0.68		0.45	0.55	0.33	-0.14
Common Stock	0.91	0.64	0.32	0.35	0.9	0.92	0.57	0.84	0.32	0.72	0.93	-0.58	0.43	0.34	-0.12	0.99	0.84	0.65	0.8	0.87	0.43	0.45		0.27	0.18	-0.32
Short Term Investments	0.42	0.22	0.5	0.4	0.45	0.17	0.16	0.48	0.41	0.46	0.18	-0.61	0.96	0.59	0.02	0.32	0.26	0.35	0.43	0.33	0.91	0.55	0.27		0.05	-0.04
Current Deferred Revenue	0.42	0.42	0.54	0.4	0.33	0.39	0.36	0.34	0.08	0.4	0.39	0.06	0.27	0.35	-0.98	0.11	0.56	0.27	0.31	0.51	0.33	0.33	0.18	0.05		-0.33
Inventory	-0.36	-0.39	-0.43	-0.27	-0.29	-0.36	-0.32	-0.26	-0.11	-0.34	-0.36	0.06	-0.2	-0.36	0.36	-0.35	-0.54	-0.26	-0.26	-0.45	-0.28	-0.14	-0.32	-0.04	-0.33

Click cells to compare fundamentals

Diamond Offshore Account Relationship Matchups

Diamond Offshore fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0B	5.2B	1.5B	1.5B	1.7B	1.6B
Short Long Term Debt Total	2.1B	146.3M	446.5M	522.5M	700.5M	1.3B
Other Current Liab	204.4M	111.2M	123.7M	172.1M	217.1M	251.9M
Total Current Liabilities	302.6M	201.4M	232.8M	261.7M	296.2M	380.5M
Total Stockholder Equity	3.2B	2.0B	767.7M	679.7M	644.9M	612.6M
Property Plant And Equipment Net	5.3B	4.3B	1.2B	1.1B	1.2B	1.1B
Net Debt	2.0B	(284.1M)	408.1M	459.4M	654.2M	968.9M
Retained Earnings	1.4B	157.3M	(177.3M)	(280.6M)	(325.3M)	(309.0M)
Accounts Payable	68.6M	33.4M	38.7M	47.6M	42.0M	52.9M
Cash	156.3M	430.4M	38.4M	63.0M	46.4M	44.1M
Non Current Assets Total	5.6B	4.6B	1.3B	1.2B	1.3B	1.2B
Non Currrent Assets Other	55.2M	65.3M	84.0M	68.0M	82.9M	87.0M
Cash And Short Term Investments	156.3M	430.4M	38.4M	63.0M	138.7M	131.8M
Net Receivables	257.2M	133.5M	148.2M	172.1M	256.9M	348.6M
Common Stock Shares Outstanding	137.7M	138.0M	100.1M	100.6M	101.8M	107.9M
Liabilities And Stockholders Equity	6.0B	5.2B	1.5B	1.5B	1.7B	1.6B
Non Current Liabilities Total	2.5B	3.0B	531.0M	586.6M	771.6M	1.4B
Other Current Assets	25.1M	29.0M	7.0M	48.7M	35.2M	33.4M
Other Stockholder Equity	1.8B	1.8B	945.0M	960.2M	970.1M	921.6M
Total Liab	2.8B	3.2B	763.7M	848.3M	1.1B	1.0B
Total Current Assets	456.8M	605.5M	271.5M	318.1M	435.5M	860.4M
Accumulated Other Comprehensive Income	(2.9B)	(3.2B)	(18K)	0.0	20K	21K
Short Term Debt	20.0M	5.1M	31.9M	30.4M	24.4M	23.2M
Common Stock	1.4M	1.4M	1.5M	10K	9K	8.6K
Short Term Investments	35K	299.8M	0.0	92.3M	83.1M	78.9M
Current Deferred Revenue	9.6M	51.8M	38.5M	11.5M	12.6M	13.3M
Inventory	18.3M	12.6M	78.0M	34.3M	4.7M	4.5M
Other Assets	35.2M	45.5M	45.2M	37.6M	33.9M	53.8M
Long Term Debt	2.0B	0.0	266.2M	360.6M	533.5M	906.3M
Long Term Debt Total	2.0B	0.0	414.6M	492.0M	442.8M	420.7M
Capital Surpluse	2.0B	2.0B	945.0M	964.5M	868.0M	1.4B
Cash And Equivalents	156.3M	405.9M	38.4M	63.0M	56.7M	53.9M
Property Plant Equipment	5.3B	4.3B	1.2B	1.2B	1.1B	1.0B
Other Liab	323.5M	126.7M	93.6M	78.0M	70.2M	137.9M
Net Tangible Assets	3.2B	2.0B	767.7M	679.7M	611.7M	581.1M
Deferred Long Term Liab	4M	2.2M	16.1M	12.9M	14.8M	10.6M

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

0.73	HP	Helmerich and Payne Sell-off Trend	Pair Corr
0.9	NE	Noble plc Financial Report 1st of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Diamond Offshore Drilling offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Diamond Offshore's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Diamond Offshore Drilling Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Diamond Offshore Drilling Stock:

How To Invest In Diamond

Details

Is Diamond Stock a good investment?

Details

What is Diamond Offshore's Net Worth?

Details

Largest Energy Equipment & Services Companies

View

Largest Oil & Gas Drilling Companies

View

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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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.

	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	CEOs Directory Screen CEOs from public companies around the world
	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Money Managers Screen money managers from public funds and ETFs managed around the world
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Content Syndication Quickly integrate customizable finance content to your own investment portal

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Diamond Common Stock vs Short Term Investments Analysis

Common Stock vs Short Term Investments

Common Stock vs Short Term Investments Correlation Analysis

Correlation Coefficient

Common Stock

Short Term Investments

Diamond Offshore fundamental ratios Correlations

Diamond Offshore Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Diamond Offshore fundamental ratios Accounts

Pair Trading with Diamond Offshore

Moving together with Diamond Stock

Complementary Tools for Diamond Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Assets

Current Deferred Revenue	- 0.98	Good Will
Short Term Debt	- 0.83	Non Currrent Assets Other
Other Stockholder Equity	- 0.8	Non Currrent Assets Other
Non Currrent Assets Other	- 0.8	Accounts Payable
Non Currrent Assets Other	- 0.8	Retained Earnings
Non Currrent Assets Other	- 0.77	Total Stockholder Equity