Diamond Financial Statements From 2010 to 2024
Diamond Offshore financial statements provide useful quarterly and yearly information to potential Diamond Offshore Drilling investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Diamond Offshore financial statements helps investors assess Diamond Offshore's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Diamond Offshore's valuation are summarized below:Diamond Offshore Drilling does not presently have any fundamental signals for analysis.
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.
Check Diamond Offshore financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Diamond Offshore's main balance sheet or income statement drivers, such as , as well as many indicators such as . Diamond financial statements analysis is a perfect complement when working with Diamond Offshore Valuation or Volatility modules.
Diamond |
Diamond Offshore Drilling Company Operating Margin Analysis
Diamond Offshore's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Diamond Offshore Operating Margin | 0.09 % |
Most of Diamond Offshore's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Diamond Offshore Drilling is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
CompetitionBased on the recorded statements, Diamond Offshore Drilling has an Operating Margin of 0.0881%. This is 98.77% lower than that of the Energy Equipment & Services sector and 98.82% lower than that of the Energy industry. The operating margin for all United States stocks is 101.6% lower than that of the firm.
Diamond Offshore Drilling Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Diamond Offshore's current stock value. Our valuation model uses many indicators to compare Diamond Offshore value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Diamond Offshore competition to find correlations between indicators driving Diamond Offshore's intrinsic value. More Info.Diamond Offshore Drilling is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Diamond Offshore's earnings, one of the primary drivers of an investment's value.About Diamond Offshore Financial Statements
Diamond Offshore investors utilize fundamental indicators, such as revenue or net income, to predict how Diamond Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
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.
Pair Trading with Diamond Offshore
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Diamond Offshore position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Diamond Offshore will appreciate offsetting losses from the drop in the long position's value.Moving against Diamond Stock
| 0.47 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.43 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.39 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.34 | WMT | Walmart Aggressive Push | PairCorr |
The ability to find closely correlated positions to Diamond Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Offshore when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Diamond Offshore - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Diamond Offshore Drilling to buy it.
The correlation of Diamond Offshore is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diamond Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Offshore Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Diamond Offshore can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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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