Diamond Offshore Drilling Price on February 22, 2024

If you're considering investing in Diamond Stock, it is important to understand the factors that can impact its price. Diamond Offshore Drilling secures Sharpe Ratio (or Efficiency) of -0.58, which denotes the company had a -0.58% return per unit of standard deviation over the last 3 months. Diamond Offshore Drilling exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diamond Offshore's Downside Deviation of 2.01, semi deviation of 1.87, and Mean Deviation of 1.31 to check the risk estimate we provide.
  
Diamond Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.5774

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Estimated Market Risk

 57.74
  actual daily
96
96% of assets are less volatile

Expected Return

 -33.33
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.58
  actual daily
0
Most of other assets perform better
Based on monthly moving average Diamond Offshore is not performing at its full potential. However, 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 Diamond Offshore to a well-diversified portfolio.

Diamond Offshore Valuation on February 22, 2024

It is possible to determine the worth of Diamond Offshore on a given historical date. On February 22, 2024 Diamond was worth 12.07 at the beginning of the trading date compared to the closed value of 12.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Diamond Offshore stock. Still, in general, we apply an absolute valuation method to find Diamond Offshore's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Diamond Offshore where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Diamond Offshore's related companies.
 Open High Low Close Volume
  11.60    12.29    11.60    12.05    1,348,220  
02/22/2024
  12.07    12.53    11.98    12.34    1,182,114  
  12.25    12.28    11.89    12.05    1,160,945  
Backtest Diamond Offshore  |  Diamond Offshore History  |  Diamond Offshore Valuation   PreviousNext  
Open Value
12.07
12.34
Closing Value
185.27
Upside

Diamond Offshore Trading Date Momentum on February 22, 2024

On February 23 2024 Diamond Offshore Drilling was traded for  12.05  at the closing time. The highest price during the trading period was 12.28  and the lowest recorded bid was listed for  11.89 . The volume for the day was 1.2 M. This history from February 23, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.35% . The overall trading delta to the current price is 3.97% .

Diamond Offshore Drilling Fundamentals Correlations and Trends

By evaluating Diamond Offshore's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Diamond Offshore's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Diamond financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Diamond Offshore Stock history

Diamond Offshore investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Diamond is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Diamond Offshore Drilling will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Diamond Offshore stock prices may prove useful in developing a viable investing in Diamond Offshore
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company was founded in 1953 and is headquartered in Houston, Texas. Diamond Offshore operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 1900 people.

Diamond Offshore Stock Technical Analysis

Diamond Offshore technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Diamond Offshore technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Diamond Offshore trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Diamond Offshore Period Price Range

Low
December 2, 2024
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High

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Diamond Offshore Drilling cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Diamond Offshore December 2, 2024 Market Strength

Market strength indicators help investors to evaluate how Diamond Offshore stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Diamond Offshore shares will generate the highest return on investment. By undertsting and applying Diamond Offshore stock market strength indicators, traders can identify Diamond Offshore Drilling entry and exit signals to maximize returns

Diamond Offshore Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Diamond Offshore's price direction in advance. Along with the technical and fundamental analysis of Diamond Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Diamond to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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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