Diamond Offshore Drilling Alpha and Beta Analysis
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Diamond Offshore Drilling. It also helps investors analyze the systematic and unsystematic risks associated with investing in Diamond Offshore over a specified time horizon. Remember, high Diamond Offshore's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Diamond Offshore's market risk premium analysis include:
Beta (0.37) | Alpha 0.0444 | Risk 57.74 | Sharpe Ratio (0.58) | Expected Return (33.33) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Diamond |
Diamond Offshore Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Diamond Offshore market risk premium is the additional return an investor will receive from holding Diamond Offshore long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Diamond Offshore. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Diamond Offshore's performance over market.| α | 0.04 | β | -0.37 |
Diamond Offshore Fundamentals Vs Peers
Comparing Diamond Offshore's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Diamond Offshore's direct or indirect competition across all of the common fundamentals between Diamond Offshore and the related equities. This way, we can detect undervalued stocks with similar characteristics as Diamond Offshore or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Diamond Offshore's fundamental indicators could also be used in its relative valuation, which is a method of valuing Diamond Offshore by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Diamond Offshore to competition |
| Fundamentals | Diamond Offshore | Peer Average |
| Return On Equity | -0.34 | -0.31 |
| Return On Asset | 0.0327 | -0.14 |
| Profit Margin | (0.27) % | (1.27) % |
| Operating Margin | 0.09 % | (5.51) % |
| Current Valuation | 1.94 B | 16.62 B |
| Shares Outstanding | 103.21 M | 571.82 M |
| Shares Owned By Insiders | 0.93 % | 10.09 % |
Diamond Offshore Opportunities
Diamond Offshore Return and Market Media
The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Diamond Offshore wins 89m drillship deal in Gulf of Mexico | 07/19/2024 |
2 | Driven Brands Appoints Michael Diamond as Chief Financial Officer | 08/01/2024 |
3 | UK riots test Keir Starmer in his first month as prime minister | 08/08/2024 |
4 | Florida Is Waging An All-Out War On Its Abortion Clinics | 08/15/2024 |
5 | Range Media Partners Names Cora Olson Michael Diamond Partners | 08/19/2024 |
6 | 3 Indian Exchange Stocks That Might Be Trading Below Their Estimated Value | 08/20/2024 |
7 | Jakob Ingebrigtsen shatters 28-year world record as Armand Duplantis makes more history at Diamond League | 08/26/2024 |
8 | Disposition of 7445 shares by Dominic Savarino of Diamond Offshore at 15.12 subject to Rule 16b-3 | 08/28/2024 |
9 | An upstate New York nonprofit is reclaiming a centuries-old cemetery for people who were enslaved | 08/30/2024 |
10 | Disposition of 8000 shares by David Roland of Diamond Offshore at 14.11 subject to Rule 16b-3 | 09/03/2024 |
11 | Disposition of 50056 shares by David Roland of Diamond Offshore subject to Rule 16b-3 | 09/04/2024 |
About Diamond Offshore Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Diamond or other delisted stocks. Alpha measures the amount that position in Diamond Offshore Drilling has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Diamond Offshore Upcoming Company Events
As portrayed in its financial statements, the presentation of Diamond Offshore's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Diamond Offshore's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Diamond Offshore's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Diamond Offshore. Please utilize our Beneish M Score to check the likelihood of Diamond Offshore's management manipulating its earnings.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Diamond Offshore
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Consideration for investing in Diamond Stock
If you are still planning to invest in Diamond Offshore Drilling check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Diamond Offshore's history and understand the potential risks before investing.
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