Diamond Stock Performance

Stocks . USA . 
Stock . Diamond Offshore Drilling
DO Stock  USD 12.04  0.20  1.69%   
On a scale of 0 to 100, Diamond Offshore holds a performance score of 8. The firm shows a Beta (market volatility) of 2.462, which means a somewhat significant risk relative to the market. Let's try to break down what Diamond's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Diamond Offshore will likely underperform. Although it is vital to follow Diamond Offshore Drilling historical returns, it is good to be conservative about what you can do with the information regarding 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 Drilling technical indicators, you can presently evaluate if the expected return of 0.44% will be sustainable into the future. Please utilizes Diamond Offshore Drilling information ratio, and the relationship between the downside deviation and value at risk to make a quick decision on whether Diamond Offshore price patterns will revert.
  

Diamond Performance

8 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in Diamond Offshore Drilling are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very fragile basic indicators, Diamond Offshore displayed solid returns over the last few months and may actually be approaching a breakup point. ...more

Structure and Payout Changes

Last Split Factor
2:1
Last Split Date
1997-08-15
1
Acquisition by Bernie Wolford of 253560 shares of Diamond Of...01/04/2023
2
Acquisition by Duster Benjamin of 12320 shares of Diamond Of...01/20/2023
3
Filing01/24/2023
4
Unclassified Event02/03/2023
5
Financial Statements02/10/2023
6
Regulation02/16/2023
7
2022 GUIDANCE ACHIEVED ACROSS ALL METRICS. SHAFT SINKING FOR...02/21/2023
8
EPS Reported02/27/2023
9
Diamond Offshore Announces Fourth Quarter 2022 Results02/28/2023
10
Bally Sports owner files for bankruptcy, MLB bolsters broadc...03/15/2023
11
Record-breaking NRMP Match produces 7,132 new DO residents03/17/2023
12
A new look at immigrants outsize contribution to innovation ...03/20/2023
13
MIKA DA DICTADOR, O PRIMEIRO DIRETOR EXECUTIVO HUMANOIDE DE ...03/21/2023
14
Diamond Resorts Wins Critical Ruling to Protect Customers Fr...03/24/2023
15
Love Is Blind Season 1 Are Diamond Jack Carlton Morton Still...03/28/2023
16
If baseballs streaming future is already here, MLB is ready03/29/2023
17
Diamonds bankruptcy overshadows MLB Opening Day03/30/2023
18
Beginner pilot pulls off solo emergency landing after wheel ...03/31/2023
Begin Period Cash Flow62.7 M
Total Cashflows From Investing Activities-52.4 M

Diamond Offshore Relative Risk vs. Return Landscape

If you would invest  958.00  in Diamond Offshore Drilling on January 1, 2023 and sell it today you would earn a total of  246.00  from holding Diamond Offshore Drilling or generate 25.68% return on investment over 90 days. Diamond Offshore Drilling is generating 0.4435% of daily returns and assumes 3.8891% volatility on return distribution over the 90 days horizon. Put differently, 33% of stocks are less risky than Diamond on the basis of their historical return distribution, and some 92% of all equities are expected to be superior in generating returns on investments over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Allowing for the 90-day total investment horizon Diamond Offshore is expected to generate 4.07 times more return on investment than the market. However, the company is 4.07 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.03 per unit of risk.

Diamond Offshore Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Offshore's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Diamond Offshore Drilling, and traders can use it to determine the average amount a Diamond Offshore's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.114

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Estimated Market Risk

 3.89
  actual daily
 34 
66% of assets are more volatile
3434

Expected Return

 0.44
  actual daily
 8 
92% of assets have higher returns
88

Risk-Adjusted Return

 0.11
  actual daily
 8 
92% of assets perform better
88
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.

Diamond Offshore Fundamentals Growth

Diamond Stock prices reflect investors' perceptions of the future prospects and financial health of Diamond Offshore, and Diamond Offshore fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Diamond Stock performance.
Return On Equity(0.14) %
Return On Asset(0.0279) %
Profit Margin(0.14) %
Operating Margin(0.09) %
Current Valuation1.38 B
Shares Outstanding101.32 M
Price to Earning183.80 X
Price to Sales1.26 X
Revenue841.28 M
Gross Profit162.46 M
EBITDA38.3 M
Net Income(103.21 M)
Cash and Equivalents63.04 M
Cash per Share0.22 X
Total Debt492.04 M
Debt to Equity0.69 %
Current Ratio1.30 X
Book Value Per Share6.71 X
Cash Flow from Operations8.86 M
Earnings Per Share(1.07) X
Market Capitalization1.2 B
Total Asset1.53 B
Retained Earnings1.65 B
Working Capital915.35 M
Current Asset1.03 B
Current Liabilities115.94 M

About Diamond Offshore Performance

To evaluate Diamond Offshore Drilling Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Diamond Offshore generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Diamond Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Diamond Offshore Drilling market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Diamond's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Return on Investment(6.01) (6.17) 
Return on Average Assets(0.06) (0.07) 
Return on Average Equity(0.13) (0.14) 
Return on Invested Capital(0.0351) (0.0379) 
Return on Sales(0.07) (0.07) 

Things to note about Diamond Offshore Drilling performance evaluation

Checking the ongoing alerts about Diamond Offshore for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Diamond Offshore Drilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Diamond Offshore has very high historical volatility over the last 90 days
The company generated the yearly revenue of 841.28 M. Annual Net Loss to common stockholders was (103.21 M) with gross profit of 162.46 M.
Diamond Offshore has a poor financial position based on the latest SEC disclosures
Over 99.0% of the company shares are held by institutions such as insurance companies
Latest headline from independent.co.uk: Beginner pilot pulls off solo emergency landing after wheel falls off mid-flight
Evaluating Diamond Offshore's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Diamond Offshore's stock performance include:
  • Analyzing Diamond Offshore's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Diamond Offshore's stock is overvalued or undervalued compared to its peers.
  • Examining Diamond Offshore's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Diamond Offshore's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Diamond Offshore's management team can help you assess the company's leadership.
  • Pay attention to analyst opinions and ratings of Diamond Offshore's stock. These opinions can provide insight into Diamond Offshore's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Diamond Offshore's stock performance is not an exact science, and many factors can impact Diamond Offshore's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Investing Opportunities. To learn how to invest in Diamond Stock please use our How to Invest in Diamond Offshore guide. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for analysis

When running Diamond Offshore Drilling 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 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
(1.07) 
Revenue Per Share
7.207
Quarterly Revenue Growth
0.128
Return On Assets
(0.0279) 
Return On Equity
(0.14) 
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.
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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 Diamond Offshore value 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.
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