Diamond Hill Investment Stock Technical Analysis
DHIL Stock | USD 149.71 0.24 0.16% |
As of the 19th of March, Diamond Hill shows the Coefficient Of Variation of (1,398), mean deviation of 1.24, and Standard Deviation of 1.81. Diamond Hill Investment technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Diamond Hill Investment, which can be compared to its rivals. Please confirm Diamond Hill Investment standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Diamond Hill Investment is priced favorably, providing market reflects its regular price of 149.71 per share. Given that Diamond Hill has information ratio of (0.15), we urge you to verify Diamond Hill Investment's prevailing market performance to make sure the company can sustain itself at a future point.
Diamond Hill Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Diamond, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DiamondDiamond |
Diamond Hill technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Diamond Hill Investment Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Diamond Hill Investment volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Diamond Hill Investment Trend Analysis
Use this graph to draw trend lines for Diamond Hill Investment. You can use it to identify possible trend reversals for Diamond Hill as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Diamond Hill price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Diamond Hill Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Diamond Hill Investment applied against its price change over selected period. The best fit line has a slop of 0.28 , which may suggest that Diamond Hill Investment market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3022.91, which is the sum of squared deviations for the predicted Diamond Hill price change compared to its average price change.About Diamond Hill Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Diamond Hill Investment on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Diamond Hill Investment based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Diamond Hill Investment price pattern first instead of the macroeconomic environment surrounding Diamond Hill Investment. By analyzing Diamond Hill's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Diamond Hill's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Diamond Hill specific price patterns or momentum indicators. Please read more on our technical analysis page.
2022 | 2023 | 2024 (projected) | Operating Cycle | 44.4 | 52.57 | 46.23 | Dividend Yield | 0.0534 | 0.0362 | 0.0344 |
Diamond Hill March 19, 2024 Technical Indicators
Most technical analysis of Diamond help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Diamond from various momentum indicators to cycle indicators. When you analyze Diamond charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.04) | |||
Market Risk Adjusted Performance | (0.08) | |||
Mean Deviation | 1.24 | |||
Coefficient Of Variation | (1,398) | |||
Standard Deviation | 1.81 | |||
Variance | 3.29 | |||
Information Ratio | (0.15) | |||
Jensen Alpha | (0.35) | |||
Total Risk Alpha | (0.52) | |||
Treynor Ratio | (0.09) | |||
Maximum Drawdown | 11.55 | |||
Value At Risk | (2.66) | |||
Potential Upside | 2.51 | |||
Skewness | (1.02) | |||
Kurtosis | 5.75 |
Diamond Hill March 19, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Diamond stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 304.24 | ||
Daily Balance Of Power | (0.10) | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 150.45 | ||
Day Typical Price | 150.21 | ||
Price Action Indicator | (0.86) | ||
Market Facilitation Index | 0.0001 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Hill Investment. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Diamond Stock analysis
When running Diamond Hill's price analysis, check to measure Diamond Hill's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Diamond Hill is operating at the current time. Most of Diamond Hill's value examination focuses on studying past and present price action to predict the probability of Diamond Hill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Hill's price. Additionally, you may evaluate how the addition of Diamond Hill to your portfolios can decrease your overall portfolio volatility.
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Is Diamond Hill's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamond Hill. If investors know Diamond will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamond Hill listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Dividend Share 6 | Earnings Share 14.32 | Revenue Per Share 46.366 | Quarterly Revenue Growth (0.03) |
The market value of Diamond Hill Investment is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Hill's value that differs from its market value or its book value, called intrinsic value, which is Diamond Hill's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamond Hill's market value can be influenced by many factors that don't directly affect Diamond Hill's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Diamond Hill's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Hill is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Hill's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.