Macroaxis considers Diamond Hill to be not too risky. Diamond Hill Investment secures Sharpe Ratio (or Efficiency) of -0.0941 which denotes Diamond Hill Investment had -0.0941% 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 Semi Deviation of 0.9222, Mean Deviation of 1.1 and Downside Deviation of 1.05 to check risk estimate we provide.
|Time 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 = 0.0687
Diamond Hill Investment Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Diamond Hill has beta of 0.0687 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 0.15 implying that it can potentially generate 0.15% 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 -1062.64. The daily returns are destributed with a variance of 1.35 and standard deviation of 1.16. The mean deviation of Diamond Hill Investment Group Inc is currently at 0.88. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12