Diamond Hill Probability of Target Price

Diamond Hill Investment Group Inc -- USA Stock  

USD 211  0.01  0.0047%

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
Investment Horizon     30 Days    Login   to change
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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 211 30 days 211.91  about 43.08% about 56.29%
Based on normal probability distribution, the odds of Diamond Hill to stay under $ 211.91  after 30 days from now is about 56.29%. Probability of Diamond Hill Investment price to stay between its current price of $ 211  and $ 211.91  at the end of the 30-day period is about 10.34%.
Given the investment horizon of 30 days, Diamond Hill has beta of 0.4059 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. Additionally Diamond Hill Investment Group Inc has an alpha of 0.11379139812272727 implying that it can potentially generate 0.11379139812272727% excess return over DOW after adjusting for the inherited market risk (beta).
56.0%
Odds to stay under $ 211.91  after 30 days
 Diamond Hill Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.11
βBeta against DOW=0.41
σ
Overall volatility
=3.5
 IrInformation ratio =0.005765