Diamond Balance Sheet Analysis From 2010 to 2024
DHIL Stock | USD 149.71 0.24 0.16% |
Diamond |
Most indicators from Diamond Hill's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamond Hill Investment current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Diamond Hill Valuation and Diamond Hill Correlation analysis. At this time, Diamond Hill's Tax Provision is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 8.87 this year, although the value of Selling General Administrative will most likely fall to about 12.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 58.6M | 64.3M | 51.1M | 26.2M | Other Operating Expenses | 105.9M | 90.2M | 85.5M | 89.8M |
Diamond Hill fundamental ratios Correlations
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Diamond Hill Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diamond Hill fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 272.7M | 263.1M | 286.2M | 249.8M | 232.1M | 243.7M | |
Other Current Liab | 26.6M | 28.4M | 38.0M | 32.1M | 28.9M | 27.4M | |
Net Debt | (90.1M) | (96.0M) | (78.6M) | (61.8M) | (46.2M) | (43.9M) | |
Retained Earnings | 117.3M | 118.0M | 119.3M | 129.0M | 153.5M | 161.2M | |
Accounts Payable | 8.7M | 8.0M | 8.6M | 9.2M | 10.6M | 9.7M | |
Cash | 93.2M | 98.5M | 80.6M | 63.2M | 47.0M | 31.4M | |
Net Receivables | 21.1M | 18.1M | 20.4M | 18.8M | 19.7M | 10.4M | |
Other Current Assets | (114.2M) | (116.5M) | (101.0M) | 3.4M | (66.7M) | (63.3M) | |
Total Liab | 65.6M | 69.6M | 84.0M | 72.0M | 71.8M | 68.2M | |
Total Current Assets | 117.1M | 119.5M | 103.5M | 85.4M | 70.2M | 66.7M | |
Common Stock | 95.9M | 80.8M | 80.4M | 51.7M | 22.2M | 21.1M | |
Other Liab | 30.3M | 33.2M | 37.3M | 30.7M | 35.4M | 21.7M | |
Other Assets | 10.4M | 140.1M | 286.2M | 3.4M | (67.4B) | (64.0B) | |
Net Tangible Assets | 207.0M | 193.5M | 202.2M | 177.8M | 204.5M | 151.1M | |
Warrants | 14.2M | 9.4M | 17.8M | 14.1M | 12.7M | 17.4M | |
Net Invested Capital | 192.9M | 184.1M | 184.4M | 163.7M | 160.3M | 143.2M | |
Net Working Capital | 81.8M | 83.1M | 56.9M | 44.1M | 34.5M | 48.8M | |
Capital Stock | 95.9M | 80.8M | 80.4M | 51.7M | 22.2M | 21.1M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Diamond Hill in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Diamond Hill's short interest history, or implied volatility extrapolated from Diamond Hill options trading.
Pair Trading with Diamond Hill
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Diamond Hill position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Diamond Hill will appreciate offsetting losses from the drop in the long position's value.Moving together with Diamond Stock
0.76 | AC | Associated Capital | PairCorr |
Moving against Diamond Stock
0.85 | TW | Tradeweb Markets Financial Report 25th of April 2024 | PairCorr |
0.82 | V | Visa Class A Fiscal Quarter End 31st of March 2024 | PairCorr |
0.75 | AMP | Ameriprise Financial Fiscal Quarter End 31st of March 2024 | PairCorr |
0.73 | WT | WisdomTree Financial Report 26th of April 2024 | PairCorr |
0.67 | BK | Bank of New York Fiscal Quarter End 31st of March 2024 | PairCorr |
The ability to find closely correlated positions to Diamond Hill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Hill when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Diamond Hill - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Diamond Hill Investment to buy it.
The correlation of Diamond Hill is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diamond Hill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Hill Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Diamond Hill can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Diamond Hill Valuation and Diamond Hill Correlation analysis. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Diamond Stock analysis
When running Diamond Hill's price analysis, check to measure Diamond Hill's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Diamond Hill is operating at the current time. Most of Diamond Hill's value examination focuses on studying past and present price action to predict the probability of Diamond Hill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Hill's price. Additionally, you may evaluate how the addition of Diamond Hill to your portfolios can decrease your overall portfolio volatility.
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Is Diamond Hill's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamond Hill. If investors know Diamond will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamond Hill listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Dividend Share 6 | Earnings Share 14.32 | Revenue Per Share 46.366 | Quarterly Revenue Growth (0.03) |
The market value of Diamond Hill Investment is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Hill's value that differs from its market value or its book value, called intrinsic value, which is Diamond Hill's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamond Hill's market value can be influenced by many factors that don't directly affect Diamond Hill's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Diamond Hill's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Hill is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Hill's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.