Macroaxis considers Diamond Hill not too risky given 1 month investment horizon. Diamond Hill Investment secures Sharpe Ratio (or Efficiency) of 0.3548 which denotes Diamond Hill Investment had 0.3548% of return per unit of standard deviation over the last 1 month. Our philosophy in predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Diamond Hill Investment Group Inc which you can use to evaluate future volatility of the firm. Please utilize Diamond Hill Investment Downside Deviation of 0.7051, Mean Deviation of 0.6208 and Coefficient Of Variation of 332.25 to check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Diamond Hill Market Sensitivity
|As returns on market increase, Diamond Hill returns are expected to increase less than the market. However during bear market, the loss on holding Diamond Hill will be expected to be smaller as well.One Month Beta |Analyze Diamond Hill Investment Demand TrendCheck current 30 days Diamond Hill correlation with market (DOW)|
β = 0.3288
Projected Return Density Against MarketGiven the investment horizon of 30 days, Diamond Hill has beta of 0.3288 suggesting as returns on market go up, Diamond Hill average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Diamond Hill Investment Group Inc will be expected to be much smaller as well. Moreover, Diamond Hill Investment Group Inc has an alpha of 0.1907 implying that it can potentially generate 0.1907% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Diamond Hill is 281.81. The daily returns are destributed with a variance of 0.64 and standard deviation of 0.8. The mean deviation of Diamond Hill Investment Group Inc is currently at 0.61. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23