Diamond Hill International Fund One Year Return
| DHIIX Fund | USD 17.48 0.10 0.58% |
Diamond Hill International fundamentals help investors to digest information that contributes to Diamond Hill's financial success or failures. It also enables traders to predict the movement of Diamond Mutual Fund. The fundamental analysis module provides a way to measure Diamond Hill's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Diamond Hill mutual fund.
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Diamond Hill International Mutual Fund One Year Return Analysis
Diamond Hill's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Diamond Hill One Year Return | 9.09 % |
Most of Diamond Hill's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Diamond Hill International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Diamond Hill International has an One Year Return of 9.0858%. This is much higher than that of the Diamond Hill Funds family and significantly higher than that of the Foreign Large Blend category. The one year return for all United States funds is notably lower than that of the firm.
Diamond One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Diamond Hill's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Diamond Hill could also be used in its relative valuation, which is a method of valuing Diamond Hill by comparing valuation metrics of similar companies.Diamond Hill is currently under evaluation in one year return among similar funds.
Fund Asset Allocation for Diamond Hill
The fund consists of 95.66% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides Diamond Hill's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Diamond Fundamentals
| Total Asset | 47.62 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 2.75 % | ||||
| One Year Return | 9.09 % | ||||
| Three Year Return | 2.11 % | ||||
| Net Asset | 11.16 M | ||||
| Cash Position Weight | 4.34 % | ||||
| Equity Positions Weight | 95.66 % |
About Diamond Hill Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Diamond Hill International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Diamond Hill using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Diamond Hill International based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Mutual Fund
| 0.95 | DHFAX | Diamond Hill Large | PairCorr |
| 0.88 | DHEIX | Diamond Hill Short | PairCorr |
| 0.88 | DHEAX | Diamond Hill Short | PairCorr |
| 0.95 | DHFYX | Diamond Hill Large | PairCorr |
| 0.95 | DHFIX | Diamond Hill Large | 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 International to buy it.
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 Interna 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamond Hill International. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.