Diamond Hill Correlations
| DHIL Stock | USD 151.70 0.33 0.22% |
The correlation of Diamond Hill is a statistical measure of how it moves in relation to other instruments. 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.
Very weak diversification
The correlation between Diamond Hill Investment and NYA is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diamond Hill Investment and NYA in the same portfolio, assuming nothing else is changed.
Diamond |
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.
Moving together with Diamond Stock
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Moving against Diamond Stock
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| 0.61 | CG | Carlyle Group Earnings Call This Week | PairCorr |
| 0.6 | ACBA | Ace Global Business | PairCorr |
| 0.6 | ARES | Ares Management LP Earnings Call This Week | PairCorr |
| 0.57 | PWP | Perella Weinberg Partners | PairCorr |
| 0.56 | EVR | Evercore Partners | PairCorr |
| 0.53 | PIPR | Piper Sandler Companies Earnings Call Tomorrow | PairCorr |
| 0.52 | AMG | Affiliated Managers Earnings Call This Week | PairCorr |
| 0.52 | HLI | Houlihan Lokey Financial Report 14th of May 2024 | PairCorr |
| 0.52 | MCAA | Mountain I Acquisition | PairCorr |
| 0.51 | TPG | TPG Inc Financial Report 20th of May 2024 | PairCorr |
| 0.47 | SF | Stifel Financial Financial Report 24th of July 2024 | PairCorr |
| 0.46 | ALCY | Alchemy Investments | PairCorr |
| 0.45 | JXN | Jackson Financial Financial Report 14th of May 2024 | PairCorr |
| 0.44 | CGBD | Carlyle Secured Lending Financial Report 14th of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Diamond Stock performing well and Diamond Hill Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Diamond Hill's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMN | 0.35 | 0.02 | (0.09) | 0.17 | 0.36 | 0.94 | 2.82 | |||
| MYD | 0.49 | 0.01 | (0.09) | 0.13 | 0.52 | 1.02 | 3.15 | |||
| NXG | 0.85 | 0.26 | 0.17 | 0.39 | 1.04 | 2.53 | 8.71 | |||
| FHI | 0.99 | (0.07) | (0.07) | (0.01) | 1.37 | 1.99 | 6.03 | |||
| MHD | 0.47 | (0.04) | (0.14) | (0.01) | 0.59 | 1.10 | 2.78 | |||
| DTF | 0.34 | (0.01) | (0.17) | 0.06 | 0.35 | 0.92 | 2.33 | |||
| JHS | 0.40 | (0.01) | (0.11) | 0.05 | 0.53 | 0.93 | 3.08 | |||
| CXH | 0.37 | (0.04) | 0.00 | (0.04) | 0.00 | 0.67 | 2.42 | |||
| CBH | 0.29 | 0.03 | (0.10) | 0.27 | 0.27 | 0.58 | 1.96 | |||
| MVF | 0.49 | (0.02) | (0.11) | 0.04 | 0.55 | 0.88 | 3.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Diamond Hill without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Diamond Hill Corporate Directors
Diamond Hill corporate directors refer to members of a Diamond Hill board of directors. The board of directors generally takes responsibility for the Diamond Hill's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Diamond Hill's board members must vote for the resolution. The Diamond Hill board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John CFA | CoDirector Manager | Profile | |
| Randolph Fortener | Independent Director | Profile | |
| Nicole Pierre | Independent Director | Profile | |
| Paula Meyer | Independent Director | Profile |
Already Invested in Diamond Hill Investment?
The danger of trading Diamond Hill Investment is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Diamond Hill is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Diamond Hill. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Diamond Hill Investment is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Diamond Hill Investment is a strong investment it is important to analyze Diamond Hill's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Diamond Hill's future performance. For an informed investment choice regarding Diamond Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Hill Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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.