Diamond Hill Probability of Target Price Finishing Above 211.91

Diamond Hill Investment Group Inc -- USA Stock  

USD 215.48  0.73  0.34%

Diamond Hill probability of target price tool provides mechanism to make assumptions about upside and downside potential of Diamond Hill Investment Group Inc performance during a given time horizon utilizing its historical volatility. Please specify Diamond Hill time horizon, a valid symbol (red box) and a target price (blue box) you would like Diamond Hill odds to be computed. Additionally see Diamond Hill Backtesting, Diamond Hill Valuation, Diamond Hill Correlation, Diamond Hill Hype Analysis, Diamond Hill Volatility, Diamond Hill History as well as Diamond Hill Performance
 Time Horizon     30 Days    Login   to change
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Diamond Hill Target Price Odds to finish below 211.91

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 215.48 30 days 211.91  about 25.95% about 73.52%
Based on normal probability distribution, the odds of Diamond Hill to drop to $ 211.91  or more in 30 days from now is about 73.52%. Probability of Diamond Hill Investment price to stay between $ 211.91  and its current price of $215.48 at the end of the 30-day period is about 21.22%.
Given the investment horizon of 30 days, Diamond Hill Investment Group Inc has beta of -0.212 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 an alpha of 0.2084978016363636 implying that it can potentially generate 0.2084978016363636% excess return over DOW after adjusting for the inherited market risk (beta).
74.0%
Odds to drop to $ 211.91  or more in 30 days
 Diamond Hill Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.21
β
Beta against DOW=0.21
σ
Overall volatility
=3.48
Ir
Information ratio =0.12