Macroaxis considers Diamond Hill to be not too risky. Diamond Hill Investment secures Sharpe Ratio (or Efficiency) of -0.1956 which denotes Diamond Hill Investment had -0.1956% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Diamond Hill Investment Group Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Diamond Hill Investment Mean Deviation of 1.02 to check risk estimate we provide.
|Time Horizon||30 Days Login to change|
Diamond Hill Market Sensitivity
|As returns on market increase, returns on owning Diamond Hill are expected to decrease at a much smaller rate. During bear market, Diamond Hill is likely to outperform the market.One Month Beta |Analyze Diamond Hill Investment Demand TrendCheck current 30 days Diamond Hill correlation with market (DOW)|
β = -0.0493
Diamond Hill Investment Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Diamond Hill Investment Group Inc has beta of -0.0493 suggesting as returns on benchmark increase, returns on holding Diamond Hill are expected to decrease at a much smaller rate. During bear market, however, Diamond Hill Investment Group Inc is likely to outperform the market. Additionally, Diamond Hill Investment Group Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of Diamond Hill is -511.35. The daily returns are destributed with a variance of 1.73 and standard deviation of 1.32. The mean deviation of Diamond Hill Investment Group Inc is currently at 1.02. For similar time horizon, the selected benchmark (DOW) has volatility of 0.99