Diamond Offshore Drilling Performance
The firm shows a Beta (market volatility) of -0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Diamond Offshore are expected to decrease at a much lower rate. During the bear market, Diamond Offshore is likely to outperform the market. At this point, Diamond Offshore Drilling has a negative expected return of -33.33%. Please make sure to confirm Diamond Offshore's downside deviation and the relationship between the information ratio and expected short fall , to decide if Diamond Offshore Drilling performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Diamond Offshore Drilling has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of conflicting performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in December 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
| Begin Period Cash Flow | 97.3 M |
Diamond |
Diamond Offshore Relative Risk vs. Return Landscape
If you would invest 1,399 in Diamond Offshore Drilling on August 31, 2024 and sell it today you would lose (1,399) from holding Diamond Offshore Drilling or give up 100.0% of portfolio value over 90 days. Diamond Offshore Drilling is generating negative expected returns and assumes 57.735% volatility on return distribution over the 90 days horizon. Put differently, most traded equities are less volatile than Diamond, and majority of equities are expected to be superior in generating returns on investments over the next 90 days. Expected Return |
| 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 = -0.5774
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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 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 | -0.34 | |||
| Return On Asset | 0.0327 | |||
| Profit Margin | (0.27) % | |||
| Operating Margin | 0.09 % | |||
| Current Valuation | 1.94 B | |||
| Shares Outstanding | 103.21 M | |||
| Price To Earning | 183.80 X | |||
| Price To Book | 2.15 X | |||
| Price To Sales | 1.44 X | |||
| Revenue | 1.06 B | |||
| EBITDA | 157.98 M | |||
| Cash And Equivalents | 63.04 M | |||
| Cash Per Share | 0.22 X | |||
| Total Debt | 700.55 M | |||
| Debt To Equity | 0.69 % | |||
| Book Value Per Share | 6.54 X | |||
| Cash Flow From Operations | 11.78 M | |||
| Earnings Per Share | (2.67) X | |||
| Total Asset | 1.71 B | |||
| Retained Earnings | (325.26 M) | |||
| Current Asset | 1.03 B | |||
| Current Liabilities | 115.94 M | |||
About Diamond Offshore Performance
By examining Diamond Offshore's fundamental ratios, stakeholders can obtain critical insights into Diamond Offshore's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Diamond Offshore is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
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.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 is not yet fully synchronised with the market data | |
| Diamond Offshore generated a negative expected return over the last 90 days | |
| Diamond Offshore has high historical volatility and very poor performance | |
| Diamond Offshore has some characteristics of a very speculative penny stock | |
| Diamond Offshore has a very high chance of going through financial distress in the upcoming years | |
| The company generated the yearly revenue of 1.06 B. Annual Net Loss to common stockholders was (44.71 M) with gross profit of 162.46 M. | |
| Over 93.0% of the company shares are held by institutions such as insurance companies |
- 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.
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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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