Diamond Offshore Drilling Price on February 26, 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 Mean Deviation of 1.31, semi deviation of 1.87, and Downside Deviation of 2.01 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.
Diamond |
Sharpe Ratio = -0.5774
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | DO |
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.
Related Headline
Transocean Headline on 26th of February 2024
Exercise or conversion by David Tonnel of 10426 shares of Tr... by David Tonnel
Filed transaction by Transocean Ltd officer. Exercise or conversion of derivative security exempted pursuant to Rule 16b-3
Diamond Offshore Valuation on February 26, 2024
It is possible to determine the worth of Diamond Offshore on a given historical date. On February 26, 2024 Diamond was worth 11.99 at the beginning of the trading date compared to the closed value of 12.12. 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 | |
12.25 | 12.28 | 11.89 | 12.05 | 1,160,945 | |
02/26/2024 | 11.99 | 12.17 | 11.90 | 12.12 | 843,750 |
12.10 | 12.19 | 11.96 | 12.08 | 1,218,652 |
Backtest Diamond Offshore | | | Diamond Offshore History | | | Diamond Offshore Valuation | Previous | Next |
Diamond Offshore Trading Date Momentum on February 26, 2024
On February 27 2024 Diamond Offshore Drilling was traded for 12.08 at the closing time. The highest price during the trading period was 12.19 and the lowest recorded bid was listed for 11.96 . The volume for the day was 1.2 M. This history from February 27, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.33% . The overall trading delta to the current price is 2.15% . |
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.
Price Boundaries
Diamond Offshore Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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 November 29, 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.
Risk Adjusted Performance | 0.0105 | |||
Jensen Alpha | 0.0444 | |||
Total Risk Alpha | (0.31) | |||
Sortino Ratio | (0.06) | |||
Treynor Ratio | (0) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |