We consider Diamond Hill not too risky. Diamond Hill Investment secures Sharpe Ratio (or Efficiency) of 0.0094 which denotes Diamond Hill Investment had 0.0094% 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-one technical indicators for Diamond Hill Investment Group Inc which you can use to evaluate future volatility of the firm. Please confirm Diamond Hill Investment Semi Deviation of 0.7375, Mean Deviation of 0.5638 and Downside Deviation of 0.9887 to check if risk estimate we provide are consistent with the epected return of 0.0071%.
|Investment 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 = -0.1317
Diamond Hill Investment Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Diamond Hill Investment Group Inc has beta of -0.1317 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. Moreover, Diamond Hill Investment Group Inc has an alpha of 0.0954 implying that it can potentially generate 0.0954% 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 10668.61. The daily returns are destributed with a variance of 0.57 and standard deviation of 0.75. The mean deviation of Diamond Hill Investment Group Inc is currently at 0.51. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47