This module allows you to analyze existing cross correlation between DOW and Diamond Hill Investment Group Inc. You can compare the effects of market volatilities on DOW and Diamond Hill and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in DOW with a short position of Diamond Hill. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Diamond Hill.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 2.16 times less return on investment than Diamond Hill. But when comparing it to its historical volatility, DOW is 3.43 times less risky than Diamond Hill. It trades about 0.56 of its potential returns per unit of risk. Diamond Hill Investment Group Inc is currently generating about 0.35 of returns per unit of risk over similar time horizon. If you would invest 20,046 in Diamond Hill Investment Group Inc on September 17, 2017 and sell it today you would earn a total of 1,220 from holding Diamond Hill Investment Group Inc or generate 6.09% return on investment over 30 days.