Correlation Analysis Between Diamond Hill and Large Cap

This module allows you to analyze existing cross correlation between Diamond Hill Valuation-Weighted 500 and Large Cap Growth Index Linked E. You can compare the effects of market volatilities on Diamond Hill and Large Cap and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Diamond Hill with a short position of Large Cap. See also your portfolio center. Please also check ongoing floating volatility patterns of Diamond Hill and Large Cap.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

Diamond Hill Valuati  

Risk-Adjusted Performance

Over the last 30 days Diamond Hill Valuation-Weighted 500 has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly stable primary indicators, Diamond Hill is not utilizing all of its potentials. The ongoing stock price fuss, may contribute to near short-term losses for the directors.
Large Cap Growth  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Large Cap Growth Index Linked E are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days. In spite of rather unsteady fundamental drivers, Large Cap may actually be approaching a critical reversion point that can send shares even higher in January 2020.

Diamond Hill and Large Cap Volatility Contrast

Diamond Hill Valuation-Weighte  vs.  Large Cap Growth Index Linked

 Performance (%) 

Pair Volatility

If you would invest  12,203  in Large Cap Growth Index Linked E on November 15, 2019 and sell it today you would earn a total of  1,651  from holding Large Cap Growth Index Linked E or generate 13.53% return on investment over 30 days.

Pair Corralation between Diamond Hill and Large Cap

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for Diamond Hill and Large Cap

Diamond Hill Valuation-Weighte diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Diamond Hill Valuation-Weighte and Large Cap Growth Index Linked in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Large Cap Growth and Diamond Hill is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Diamond Hill Valuation-Weighted 500 are associated (or correlated) with Large Cap. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Large Cap Growth has no effect on the direction of Diamond Hill i.e. Diamond Hill and Large Cap go up and down completely randomly.
See also your portfolio center. Please also try Market Hitters module to find equities that experience drastic asymmetry in trading patters, price, volume, or investment outlook..