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.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the Diamond Hill. But the index apears to be less risky and, when comparing its historical volatility, DOW is 1.59 times less risky than Diamond Hill. The index trades about -0.05 of its potential returns per unit of risk. The Diamond Hill Investment Group Inc is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 20,349 in Diamond Hill Investment Group Inc on February 15, 2018 and sell it today you would earn a total of 532.00 from holding Diamond Hill Investment Group Inc or generate 2.61% return on investment over 30 days.