Diamond Offshore Beta vs. Revenue
| DODRWDelisted Stock | USD 0.03 0.00 0.00% |
For Diamond Offshore profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Diamond Offshore to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Diamond Offshore Drilling utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Diamond Offshore's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Diamond Offshore Drilling over time as well as its relative position and ranking within its peers.
Diamond |
Diamond Offshore Drilling Revenue vs. Beta Fundamental Analysis
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. Diamond Offshore Drilling is one of the top stocks in beta category among its peers. It also is rated as one of the top companies in revenue category among its peers totaling about 6,413,347,902 of Revenue per Beta. 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.Diamond Revenue vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Diamond Offshore |
| = | 0.11 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Diamond Offshore |
| = | 733.69 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Diamond Revenue vs Competition
Diamond Offshore Drilling is rated as one of the top companies in revenue category among its peers. Market size based on revenue of Oil & Gas Drilling industry is currently estimated at about 924.9 Million. Diamond Offshore totals roughly 733.69 Million in revenue claiming about 79% of all equities under Oil & Gas Drilling industry.
Beta Analysis
As returns on the market increase, Diamond Offshore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Diamond Offshore is expected to be smaller as well.
Diamond Offshore Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Diamond Offshore, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Diamond Offshore will eventually generate negative long term returns. The profitability progress is the general direction of Diamond Offshore's change in net profit over the period of time. It can combine multiple indicators of Diamond Offshore, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 OTC Exchange. It employs 1900 people.
Diamond Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Diamond Offshore. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Diamond Offshore position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Diamond Offshore's important profitability drivers and their relationship over time.
Use Diamond Offshore in pair-trading
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.Diamond Offshore Pair Trading
Diamond Offshore Drilling Pair Trading Analysis
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.Use Investing Themes to Complement your Diamond Offshore position
In addition to having Diamond Offshore in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Materials ETFs Thematic Idea Now
Materials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Materials ETFs theme has 51 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Materials ETFs Theme or any other thematic opportunities.
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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 metropolitan statistical area. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Other Consideration for investing in Diamond Pink Sheet
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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